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Renovated Triplex
For Sale
$539,000

562 Summer St, Paterson, NJ 07501

Multi-Family, 3-Three Story, Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market47

Property Features for 562 Summer St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Interior features Carbon Monoxide Detector, Fire Extinguisher
Directions 20th Ave to Summer St
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 7207

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1700
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: EXP REALTY, LLC
Listed By: HUGO MEZA · License #276489
Added: Jul 16 Changed: Aug 19 Last Checked: Aug 31 at 3:06AM
MLS# 4041187

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-story triplex in Paterson, New Jersey, contains three residential units, each arranged with two bedrooms, a living room, kitchen, and full bathroom. The property was fully gutted and renovated in 2020, with updates to the electrical, plumbing, roof, furnaces, and hot water heaters. Separate utilities and meters serve gas, electric, heat, and water expenses for each unit.

The property occupies approximately 0.06 acres and is served by public water and public sewer. Additional features include a shingle roof, basement space, carbon monoxide detectors, and fire extinguishers. Its location in Paterson places the property near shopping, schools, public transportation, and major highways.

Key Highlights

  • Three residential units, each with 2 bedrooms, a living room, kitchen, and full bathroom
  • Fully gutted and renovated in 2020
  • Updated electrical, plumbing, roof, furnaces, and hot water heaters

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Skin Care Clinic Catering Service Nursing Home Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,904
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-story multifamily property with separate utility metering and updated building systems.
Where is this triplex located?
The property is located at 562 Summer St Paterson, NJ.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Three residential units, each with 2 bedrooms, a living room, kitchen, and full bathroom; Fully gutted and renovated in 2020; Updated electrical, plumbing, roof, furnaces, and hot water heaters
More about this property
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