Triplex with Detached
For Sale
$765,000
76-78 Jasper St, Paterson, NJ 07522
Three separate apartments have updated plumbing and electrical systems, newer boilers, and individual utilities.
Property Size2,750 SF
Price / SF$278.18
Days on Market330
Property Features for 76-78 Jasper St
General Information
Standard status
Active
Size
2,750 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,124
Building Details
Building Size
2,750 SF
Year Built
1940
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
EXP REALTY, LLC
Listed By:
ALI HELWANI
(866) 201-6210
Source:
Tkregroupinc
Added: Dec 8, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:54PM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
Built in 1940, this 2,750-square-foot triplex contains three apartments. The first- and second-floor units each have three bedrooms and one bathroom; the second floor also includes an office or den. The third-floor apartment has two bedrooms and one full bathroom. Recent renovations, updated plumbing and electrical systems, and newer boilers serve the property. Utilities are separately metered. A walk-out basement and a detached two-car garage are also part of the property, with a long driveway leading to the garage.
The first- and second-floor tenants are month to month. The third-floor apartment is leased through June 2026. A state inspection certificate is on hand. The property is in the Great Falls section of Paterson, near major highways, transportation, shopping centers, and places of worship.
The first- and second-floor tenants are month to month. The third-floor apartment is leased through June 2026. A state inspection certificate is on hand. The property is in the Great Falls section of Paterson, near major highways, transportation, shopping centers, and places of worship.
Key Highlights
- Three apartments totaling 2,750 square feet
- First- and second‑floor units each have 3 bedrooms and 1 bath
- Third‑floor apartment has 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,024
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,480
$920.5K
Cap Rate 7%
$657,486
$657.5K
Cap Rate 9%
$511,378
$511.4K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$70.3K $25.56/SF
− Vacancy
−$4.5K −$1.65/SF
EGI
$65.7K $23.91/SF
− OpEx
−$19.7K −$7.17/SF
NOI
$46.0K $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%
$920,480
Cap Rate 7%
$657,486
Cap Rate 9%
$511,378
Alternative Uses
Best Use
Multifamily LT 5
$657.5K
$575.3K – $767.1K
NOI $46,024 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,290 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$718.1K
$628.3K – $837.8K
NOI $50,266 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,810
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments have updated plumbing and electrical systems, newer boilers, and individual utilities.
Where is this triplex located?
The property is located at 76-78 Jasper St Paterson, NJ.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Three apartments totaling 2,750 square feet; First- and second‑floor units each have 3 bedrooms and 1 bath; Third‑floor apartment has 2 bedrooms and 1 full bath
