11-Bedroom
For Sale
$699,900
69 Graham Ave, Paterson, NJ 07524
Three leased apartments provide occupied residential space, with an unfinished basement and recent building updates.
Property Size3,207 SF
Price / SF$218.24
Days on Market87
Property Features for 69 Graham Ave
General Information
Standard status
Active
Size
3,207 SF
Property subtype
Multi Family Home
Occupancy
100%
Net Operating Income
$63,335
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Building Size
3,207 SF
Year Built
1900
Units
3
Listing Agency:
Realty One Group Legend
Listed By:
Sol Castanos · License #1867493
(973) 772-0660
Source:
Culturaunitedrealty
Added: Jul 29
Changed: Oct 23
Last Checked: Oct 23 at 4:30PM
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 Realty One Group Legend
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Investment Insights
Based on property information with market context.
This legal triplex contains 11 bedrooms and 3 full bathrooms across three apartments, with 3,207 square feet of building area. The second- and third-floor apartments have been renovated, utilities have been updated, and the roof was replaced in 2021. An unfinished basement is also part of the property.
All three apartments are leased, and the property is being sold with tenants in place on an as-is, where-is basis. The building dates to 1900 and is located at 69 Graham Ave in Paterson City, New Jersey.
All three apartments are leased, and the property is being sold with tenants in place on an as-is, where-is basis. The building dates to 1900 and is located at 69 Graham Ave in Paterson City, New Jersey.
Key Highlights
- Legal three‑family building with 11 bedrooms and 3 full bathrooms
- 3,207 square feet across three leased apartments
- Second- and third‑floor apartments renovated; utilities updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,673
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
100%
Occupancy
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
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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?
Triplex - Three leased apartments provide occupied residential space, with an unfinished basement and recent building updates.
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 building with 11 bedrooms and 3 full bathrooms; 3,207 square feet across three leased apartments; Second- and third‑floor apartments renovated; utilities updated
