Stabilized Three-Unit
69 Graham Ave Paterson, NJ 07524
For Sale
$699,900
MULTI_FAMILY - Paterson City, NJ
Property Size3,207 SF
Lot Size0.06 Acres
Price / SF$218.24
Days on Market10
Property Features for 69 Graham Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
3
Rooms
Bedroom 10, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 11, Basement, Bedroom 1, Bedroom 7, Bedroom 9, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 8
Standard status
Active
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
Baseboard, Hot Water(Heating)
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 #NJ 1867493
(973) 686-7777
Added: Jul 21
Changed: Jul 29
Last Checked: Jul 30 at 10:06AM
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 three-family multifamily property includes three units totaling 11 bedrooms and three full baths, with approximately 3,207 square feet of income-producing area. The home also features a full unfinished basement.
Public remarks state the property is fully occupied, with all three units leased to established tenants. Recent capital improvements include renovated second and third floor units, updated utilities, and a new roof in 2021. The property is offered strictly As-Is, Where-Is with tenants in place, and the seller will make no repairs or provide credits; inspections are for buyer information only.
The configuration supports a stabilized operating setup with multiple leased units and a basement that may offer future expansion or reconfiguration options for the buyer.
Public remarks state the property is fully occupied, with all three units leased to established tenants. Recent capital improvements include renovated second and third floor units, updated utilities, and a new roof in 2021. The property is offered strictly As-Is, Where-Is with tenants in place, and the seller will make no repairs or provide credits; inspections are for buyer information only.
The configuration supports a stabilized operating setup with multiple leased units and a basement that may offer future expansion or reconfiguration options for the buyer.
Key Highlights
- Legal 3‑family with 11 bedrooms and 3 full bathrooms
- Over 3,200 sq ft of income‑producing space; all three units leased at market rents to established tenants
- Recent renovations include updated 2nd- and 3rd‑floor units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.0k | $25.56 |
| − Vacancy | −$5.3k | −$1.65 |
| EGI | $76.7k | $23.91 |
| − OpEx | −$23.0k | −$7.17 |
| NOI | $53.7k | $16.74 |
3,207 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property in Paterson with updated second and third floor units and a roof installed in 2021.
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 3‑family with 11 bedrooms and 3 full bathrooms; Over 3,200 sq ft of income‑producing space; all three units leased at market rents to established tenants; Recent renovations include updated 2nd- and 3rd‑floor units
