Three-Unit Residential Income
For Sale
$679,000
69 North 3rd Street, Paterson, NJ 07522
Three separate units with 7 bedrooms and 3 full bathrooms, currently generating over $5,800 monthly rent with separate utilities.
Property Size1,000 SF
Price / SF$679
Days on Market42
Property Features for 69 North 3rd Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi Family / 3-Three Story
Additional Details
Business Included
Yes
Multifamily Units
3
Amenities
Yes
No
Asphalt Shingle
Carbon Monoxide Detector, See Remarks, Smoke Detector, Vinyl-Linoleum Floors
Partial, Unfinished
Open Porch(es)
Composition Shingle
Building Details
Year Built
1939
Tenancy
Multi
Listing Agency:
REAL
(855) 450-0442
Listed By:
BRAULIO CESPEDES · License #304544
(855) 450-0442
Source:
Compass
Added: Jun 29
Changed: Aug 8
Last Checked: Aug 8 at 10:43AM
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 REAL
Investment Insights
Based on property information with market context.
This three-unit residential income property is configured as three separate units totaling 7 bedrooms and 3 full bathrooms. The property is described as having separate utilities for each unit, supporting more efficient management and reducing owner-paid expenses.
The property is currently generating over $5,800 in monthly rental income, which the remarks describe as more than $70,000 in gross annual rents. Offered for sale as a multi-family investment in Paterson, the building may also appeal to an owner-occupant seeking to live in one unit while using rental income from the other units to help offset monthly housing costs.
Overall, it presents an income-producing multifamily setup with multiple bedrooms across three units and an operating structure that includes separate utilities.
The property is currently generating over $5,800 in monthly rental income, which the remarks describe as more than $70,000 in gross annual rents. Offered for sale as a multi-family investment in Paterson, the building may also appeal to an owner-occupant seeking to live in one unit while using rental income from the other units to help offset monthly housing costs.
Overall, it presents an income-producing multifamily setup with multiple bedrooms across three units and an operating structure that includes separate utilities.
Key Highlights
- Three‑family property with 7 bedrooms and 3 full bathrooms across three separate units
- Currently generates over $5,800 in monthly rental income, totaling over $70,000 in gross rents
- Each unit has separate utilities, helping reduce owner‑paid expenses
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
Explore this area
Business Placement
Demographics for 07522, NJ
23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
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 - Three separate units with 7 bedrooms and 3 full bathrooms, currently generating over $5,800 monthly rent with separate utilities.
Where is this triplex located?
The property is located at 69 North 3rd Street Paterson, NJ.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Three‑family property with 7 bedrooms and 3 full bathrooms across three separate units; Currently generates over $5,800 in monthly rental income, totaling over $70,000 in gross rents; Each unit has separate utilities, helping reduce owner‑paid expenses
