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Multifamily Property with Finished Third Floor
New
For Sale
$389,000

714 E 18th, Paterson, NJ 07501

An enclosed first-floor porch and newer steam-heating boiler are among the property’s existing features.

Property SizeContact for details
Days on Market7

Property Features for 714 E 18th

General Information

Standard status Active
Property subtype Multi-Family Listing

Property Condition

Severity Repairs Needed
Evidence in need of some upgrading and some repairs

Taxes and HOA fees

Annual Taxes $7,463

Amenities

enclosed porch

Building Details

Year Built 1925
Stories 3
Listed By: Nicholas Real Estate
Source: Nicholasrealestate.idxbroker
Added: Oct 7 Changed: Oct 10 Last Checked: Oct 12 at 4:40PM

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 Nicholas Real Estate

Investment Insights

Based on property information with market context.

Built in 1925, this multifamily property has five rooms across the first and second floors, plus a finished third floor with three rooms and a full bathroom. The first floor also includes an enclosed porch, and the building is served by a newer steam-heating boiler.

The property is being sold in its present condition and requires repairs and upgrades.

Key Highlights

  • Finished third floor with three rooms and a full bathroom
  • Five rooms across the first and second floors
  • Enclosed porch on the first floor

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic (Bike/Boat/Book/etc) Store Nursing Home Catering Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,301
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - An enclosed first-floor porch and newer steam-heating boiler are among the property’s existing features.
Where is this multifamily property located?
The property is located at 714 E 18th Paterson, NJ.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Finished third floor with three rooms and a full bathroom; Five rooms across the first and second floors; Enclosed porch on the first floor
More about this property
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