Triplex with Unfinished
For Sale
$699,900
Pending
69 Graham Ave, Paterson, NJ 07524
Multi-Family, 3-Three Story, Paterson City, NJ
Property Size3,207 SF
Lot Size0.06 Acres
Days on Market43
Property Features for 69 Graham Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 9, Bathroom 1, Bedroom 2, Bedroom 11, Bedroom 10, Basement, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Elementary school
NUMBER 10
Middle school
NUMBER 21
High school
ROSA PARKS
Directions
Lafayette to Graham Ave aka Rosa Parks Blvd.
Standard status
Pending
Size
3,207 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12195
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Roof type
Flat
Architectural style
Other
Listing Agency:
REALTY ONE GROUP LEGEND
(973) 772-0660
Listed By:
SOL CASTANOS · License #1867493
(973) 686-7777
Added: Jul 21
Changed: Aug 31
Last Checked: Sep 1 at 8:06AM
MLS# 4042118
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 legal triplex contains three residential units with 11 bedrooms and 3 full baths across 3,207 square feet. The property includes an unfinished basement, a flat roof, and hot-water baseboard heating. Public water and public sewer serve the building, which was constructed in 1900.
Renovations to the second- and third-floor units, updated utilities, and a roof installed in 2021 are among the documented improvements. The property is occupied by tenants and is being sold strictly As-Is, Where-Is, with inspections limited to the buyer’s informational purposes.
Renovations to the second- and third-floor units, updated utilities, and a roof installed in 2021 are among the documented improvements. The property is occupied by tenants and is being sold strictly As-Is, Where-Is, with inspections limited to the buyer’s informational purposes.
Key Highlights
- Legal three‑family property with 11 bedrooms and 3 full baths
- 3,207 square feet on a 0.06‑acre lot
- Second- and third‑floor units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,673
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,073,460
$1.1M
Cap Rate 7%
$766,757
$766.8K
Cap Rate 9%
$596,367
$596.4K
Market Conditions
NOI Build-Up for 3,207 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.0K $25.56/SF
− Vacancy
−$5.3K −$1.65/SF
EGI
$76.7K $23.91/SF
− OpEx
−$23.0K −$7.17/SF
NOI
$53.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,073,460
Cap Rate 7%
$766,757
Cap Rate 9%
$596,367
Alternative Uses
Best Use
Multifamily LT 5
$766.8K
$670.9K – $894.6K
NOI $53,673 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$704.5K
$616.5K – $822.0K
NOI $49,317 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$837.4K
$732.7K – $977.0K
NOI $58,619 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 07524, NJ
14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-family property with renovated upper-floor units and updated building systems.
Where is this triplex located?
The property is located at 69 Graham Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Legal three‑family property with 11 bedrooms and 3 full baths; 3,207 square feet on a 0.06‑acre lot; Second- and third‑floor units have been renovated
