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Two-Unit Duplex
For Sale
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72 Newark Avenue, Paterson, NJ 07503

Separate utilities and in-unit laundry serve both residences, with additional laundry and a full bathroom in the basement.

Property SizeContact for details
Days on Market39

Property Features for 72 Newark Avenue

General Information

Standard status Active
Property subtype Multi Family 2-4 Units
Listing Agency: Terrie O'Connor Realtors-Ridgewood
Listed By: Ahmed Ali · License #397609
Source: Capmarkrealty
Added: Jul 24 Changed: Aug 31 Last Checked: Aug 31 at 12:55PM

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 Terrie O'Connor Realtors-Ridgewood

Investment Insights

Based on property information with market context.

This two-unit duplex at 72 Newark Avenue includes a combined total of 4 bedrooms and 3 bathrooms. Each residence has its own washer and dryer, while the unfinished basement adds another washer and dryer along with a full bathroom. The property also has separate utilities for both units and offers street parking nearby.

Located in South Paterson, the property provides access to Rt 80, Rt 46, and the Garden State Parkway, with bus stops within short distance. The existing layout and utility separation support distinct unit operations, while the basement provides additional service and bathroom space.

Key Highlights

  • Two‑unit duplex with 4 bedrooms and 3 bathrooms
  • Separate utilities serve both units
  • Each unit includes its own washer and dryer

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service

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

2,148
Businesses Nearby

Demographics for 07503, NJ

19,893
Population
6,560
Households
3
Avg Household Size
35
Median Age
15%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
13,262
Density / Sq Mi
$60,295
Median Household Income
$35,611
Median Earnings
$1,605
Median Rent
$314,900
Median Home Value

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?
Duplex - Separate utilities and in-unit laundry serve both residences, with additional laundry and a full bathroom in the basement.
Where is this duplex located?
The property is located at 72 Newark Avenue Paterson, NJ.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 3 bathrooms; Separate utilities serve both units; Each unit includes its own washer and dryer
More about this property
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