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Renovated 3-Unit Residential Income
For Sale
$880,000

655 E 24Th St, Paterson, NJ 07504

Renovated three-family home with three-bedroom units, full baths, and a finished basement with summer kitchen.

Property SizeContact for details
Days on Market180

Property Features for 655 E 24Th St

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Multi Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $14,653

Building Details

Year Built 9999
Units 3
Tenancy Multi
Listing Agency: UNICASA UNION REALTY INC
Listed By: FREDERICK BURKE · License #256237
Source: Elliman
Added: Mar 13 Changed: Sep 8 Last Checked: Jul 22 at 6:43PM

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 UNICASA UNION REALTY INC

Investment Insights

Based on property information with market context.

This renovated three-family residence offers a spacious layout in each unit, with a living room, eat-in kitchen, three bedrooms, and a full bath. The finished basement adds additional usable space, including two rooms, a summer kitchen, and an additional bath.

The property includes a one-car garage, along with a driveway that can accommodate up to four cars.

With multiple updated living spaces and dedicated basement improvements, the home is configured to support long-term residential income with straightforward on-site parking.

Key Highlights

  • Renovated three‑family home in Paterson
  • Each unit includes a living room, eat‑in kitchen, three bedrooms, and a full bath
  • Finished basement with 2 rooms, a summer kitchen, and an additional bath

Property Analytics

Current Use

kgroundmoving Moving Company Shirt Talk (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Skin Care Clinic Veterinary Clinic Nursing Home

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,837
Businesses Nearby

Demographics for 07504, NJ

13,413
Population
4,105
Households
3.3
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
0.8 sq mi
ZIP Area
16,766
Density / Sq Mi
$67,269
Median Household Income
$37,024
Median Earnings
$1,426
Median Rent
$369,600
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 - Renovated three-family home with three-bedroom units, full baths, and a finished basement with summer kitchen.
Where is this triplex located?
The property is located at 655 E 24Th St Paterson, NJ.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Renovated three‑family home in Paterson; Each unit includes a living room, eat‑in kitchen, three bedrooms, and a full bath; Finished basement with 2 rooms, a summer kitchen, and an additional bath
More about this property
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