Renovated Two-Building Apartment
84-88 Jefferson St #5 Paterson, Paterson, NJ 07522
For Sale
$999,999
Two-building apartment property with renovated units, resident laundry, central air, and an additional parking area.
Property SizeContact for details
Days on Market166
Property Features for 84-88 Jefferson St #5 Paterson
General Information
Standard status
Property subtype
Amenities
Fuel: Gas-Natural
Cooling: Central Air, Window A/C(s)
Heating: Forced Hot Air
Fire Alarm System
Range/Oven - Gas
Refrigerator
Smoke Detector
Gas-Natural, Asphalt Shingle
Building Details
Year Built
Listing Agency:
Lencioni Real Estate LLC
Listed By:
Joseph O'Neal · License #1646777
(201) 388-1594
Source:
Kw
Added: May 28
Changed: Nov 8
Last Checked: Nov 8 at 8:43AM
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 Lencioni Real Estate LLC
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Investment Insights
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This 1920 apartment property includes two buildings with five units: two two-bedroom apartments in one building and three three-bedroom apartments in the other. The two-bedroom building was fully renovated 6 years ago and includes central air. Two units in the second building were also renovated 6 years ago, while the first-floor three-bedroom unit received a full renovation last year and added central air. Property systems include natural gas fuel, forced hot-air heating, central air, window A/C, fire and smoke detection, gas ranges, and refrigerators.
Resident amenities include coin-operated laundry, and an additional parking lot provides a separate income component. The property has long-term tenants and an existing property management company. Current cap rate is 8%.
Resident amenities include coin-operated laundry, and an additional parking lot provides a separate income component. The property has long-term tenants and an existing property management company. Current cap rate is 8%.
Key Highlights
- Five units across two buildings: two two‑bedroom units and three three‑bedroom units
- Two‑bedroom building fully renovated 6 years ago with central air
- First‑floor three‑bedroom unit fully renovated last year with central air added
Location Intelligence
Trade Area within ½ mile
2,457
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
$264,000
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Paterson, NJ
Properties on Market for Apartment buildings in Paterson
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment property with renovated units, resident laundry, central air, and an additional parking area.
Where is this apartment building located?
The property is located at 84-88 Jefferson St #5 Paterson Paterson, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Five units across two buildings: two two‑bedroom units and three three‑bedroom units; Two‑bedroom building fully renovated 6 years ago with central air; First‑floor three‑bedroom unit fully renovated last year with central air added
