Renovated 3-Family
For Sale
Contact for pricing
Pending
69 ROSA PARKS BLVD, Paterson, NJ 07524
Fully occupied rental property with an unfinished basement and updated building systems.
Property Size3,207 SF
Days on Market217
Property Features for 69 ROSA PARKS BLVD
General Information
Standard status
Pending
Size
3,207 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$63,335
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Year Renovated
2021
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Realty One Group
Listed By:
Sol Castanos · License #NJ 1867493
(973) 686-7777
Source:
Crexi
Added: Mar 13
Changed: Oct 6
Last Checked: Oct 14 at 11:19PM
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
Investment Insights
Based on property information with market context.
This legal three-family property contains 11 bedrooms and 3 full baths, with a full unfinished basement providing additional space. The second- and third-floor residences have been newly renovated, while updated utilities and vinyl siding support the building’s current configuration. A roof installed in 2021 adds a recent capital improvement to the property, which was built in 1900.
Located at 69 Rosa Parks Boulevard in Paterson, NJ, the property is fully occupied by long-term tenants. The building is offered strictly as-is, with existing rental occupancy and a three-unit layout already in place.
Located at 69 Rosa Parks Boulevard in Paterson, NJ, the property is fully occupied by long-term tenants. The building is offered strictly as-is, with existing rental occupancy and a three-unit layout already in place.
Key Highlights
- Legal 3‑family property with 11 bedrooms and 3 full baths
- Fully occupied by long‑term tenants
- Second- and third‑floor units newly renovated
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,932
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied rental property with an unfinished basement and updated building systems.
Where is this triplex located?
The property is located at 69 ROSA PARKS BLVD 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 property with 11 bedrooms and 3 full baths; Fully occupied by long‑term tenants; Second- and third‑floor units newly renovated
