4-Unit Quadplex with Central
For Sale
$849,000
58 12th Ave #4, Paterson, NJ 07501
All four apartments are rented, and the building has central air conditioning and heat.
Property Size3,744 SF
Price / SF$226.76
Days on Market19
Property Features for 58 12th Ave #4
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Multi Family Home
Occupancy
100%
Net Operating Income
$56,123
Units
Unit Mix
2 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
Central air and heat
Carbon Monoxide Detector
Fire Alarm Sys
Fire Extinguisher
Smoke Detector
Building Details
Building Size
3,744 SF
Year Built
2011
Buildings
1
Units
4
Listing Agency:
Coldwell Banker Realty
Listed By:
Carlos Salazar Jr · License #1645619
(201) 461-5000
Source:
Culturaunitedrealty
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2011, this 3,744-square-foot quadplex contains four apartments arranged in two side-by-side sections. Each section includes one two-bedroom, one-bath residence and one three-bedroom, one-bath residence. Central air conditioning and heat serve the building.
All four units are currently rented.
All four units are currently rented.
Key Highlights
- Four apartments: two 2‑bedroom, 1‑bath units and two 3‑bedroom, 1‑bath units
- 3,744 square feet; built in 2011
- Central air conditioning and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,660
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,200
$1.3M
Cap Rate 7%
$895,143
$895.1K
Cap Rate 9%
$696,222
$696.2K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$95.7K $25.56/SF
− Vacancy
−$6.2K −$1.65/SF
EGI
$89.5K $23.91/SF
− OpEx
−$26.9K −$7.17/SF
NOI
$62.7K $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%
$1,253,200
Cap Rate 7%
$895,143
Cap Rate 9%
$696,222
Alternative Uses
Best Use
Multifamily LT 5
$895.1K
$783.3K – $1.04M
NOI $62,660 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$822.5K
$719.7K – $959.6K
NOI $57,575 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$977.6K
$855.4K – $1.14M
NOI $68,434 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,101
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are rented, and the building has central air conditioning and heat.
Where is this quadplex located?
The property is located at 58 12th Ave #4 Paterson, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom, 1‑bath units and two 3‑bedroom, 1‑bath units; 3,744 square feet; built in 2011; Central air conditioning and heat
