Duplex with Finished
New
For Sale
$399,000
55 N 6th Street, Paterson, NJ 07522
2-4 Family, Paterson, NJ
Property Size2,076 SF
Price / SF$192.20
Days on Market1
Property Features for 55 N 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Subdivision
Paterson
Standard status
Active
Listing Agency:
JMichaels Realty LLC
Listed By:
James Malki
(201) 918-3555
Added: Oct 23
Last Checked: Oct 23 at 10:06PM
MLS# 26028680
Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family Colonial at 55 N 6th Street includes approximately 2,076 square feet, six bedrooms, two full bathrooms, and two kitchens. Two living rooms and two dining rooms provide additional interior space. The property also has a basement and finished attic area. Updates are needed, and the sale is as-is; buyers are responsible for the CO.
Key Highlights
- Approximately 2,076 square feet with six bedrooms and two full bathrooms
- Two kitchens, two living rooms, and two dining rooms
- Basement and finished attic space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,744
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,880
$694.9K
Cap Rate 7%
$496,343
$496.3K
Cap Rate 9%
$386,044
$386.0K
Market Conditions
NOI Build-Up for 2,076 SF
Gross rent
$53.1K $25.56/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.6K $23.91/SF
− OpEx
−$14.9K −$7.17/SF
NOI
$34.7K $16.74/SF
Area
Paterson, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,880
Cap Rate 7%
$496,343
Cap Rate 9%
$386,044
Alternative Uses
Best Use
Multifamily LT 5
$496.3K
$434.3K – $579.1K
NOI $34,744 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,925 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$542.1K
$474.3K – $632.4K
NOI $37,946 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,836
Businesses Nearby
Explore this area
Business Placement
Demographics for 07522, NJ
23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens, living rooms, and dining rooms serve the property’s two-family configuration.
Where is this duplex located?
The property is located at 55 N 6th Street Paterson, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 2,076 square feet with six bedrooms and two full bathrooms; Two kitchens, two living rooms, and two dining rooms; Basement and finished attic space
