69 N 3Rd St Paterson, NJ 07522
MULTI_FAMILY - Paterson City, NJ
Property Features for 69 N 3Rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 1
- Patio and Porch features
- Porch
- Interior features
- Carbon Monoxide Detector, Smoke Detector, Vinyl-Linoleum Floors
- Exterior features
- Open Porch(es)
- Standard status
- Active
- Size
- 3,200 SF
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard, Other (Heating), Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agent BRAULIO CESPEDES
Listing office REAL 165 PASSAIC AVE STE 205, Haddon Township, NJ (855) 450-0442
Listing date Jul 14, 2026
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.
Located in Paterson City, NJ, within Passaic County, the address is 69 N 3rd St (07522-1357). The listing remarks state the property generates over $5,800 in monthly rental income and more than $70,000 in gross rents.
As a multi-family asset configured for multiple households under one ownership, it is presented as a true income-producing residential investment.
Key Highlights
- 3‑family home with 7 bedrooms and 3 full bathrooms across three separate units
- Public records indicate rental income of over $5,800/month and over $70,000/year in gross rents
- Separate utilities for each unit to help reduce owner‑paid expenses
Local 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 | $81.8k | $25.56 |
| − Vacancy | −$5.3k | −$1.65 |
| EGI | $76.5k | $23.91 |
| − OpEx | −$23.0k | −$7.17 |
| NOI | $53.6k | $16.74 |
