Paterson Multifamily Investment
84-88 Jefferson Street Paterson, NJ 07522
84-88 Jefferson Street, Paterson, NJ, 07522
$999,999
For Sale
$999,999
MULTI_FAMILY - Paterson, NJ
Days on Market54
Property Features for 84-88 Jefferson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 15
- Bathrooms
- 7
- Rooms
- Bedroom 3, Bedroom 10, Bathroom 2, Bathroom 4, Bedroom 12, Bathroom 7, Bedroom 9, Bedroom 11, Bedroom 13, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 15, Bedroom 14, Bedroom 6, Bedroom 8, Bathroom 3, Bedroom 4, Bathroom 5, Bathroom 6, Bedroom 5, Basement
- Basement
- Full
- Standard status
- Active
Utilities
- Cooling system
- Central Air, None (Cooling)
Listing Agency
Keller Williams City Views Realty
(201) 592-8900
Fort Lee, NJ
Listed by
Joseph Oneal
(201) 592-8900
Added: May 28 Updated: Jul 17 at 9:06 pm Checked: Jul 20 at 4:06 pm
MLS# 26019090
Listing URL
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Investment Insights
Based on property information with market context.
This multifamily property in Paterson, New Jersey, presents an investment opportunity. The property features five units, including two 2-bedroom, 1-bath units, two 3-bedroom, 1-bath units, and one 4-bedroom, 2-bath unit. The property currently operates at an 8% capitalization rate, with potential for increase to 11%. A property management company is in place. The property consists of two buildings. One building contains two 2-bedroom units that were renovated six years ago and feature central air. The second building includes three 3-bedroom units. Two of these units were renovated six years ago, while the first-floor 3-bedroom unit was fully renovated last year and equipped with central air. A coin laundry is available for residents, and an extra parking lot provides additional income. All units are occupied by long-term tenants.
Key Highlights
- 5‑family property with unit mix: two 2BR/1BA units, two 3BR/1BA units, and one 4BR/2BA unit
- Two‑building layout: one building with 2 two‑bedroom units and a second building with 3 three‑bedroom units
- Renovations reported: the 2‑unit building was renovated 6 years ago; two 3‑bedroom units renovated 6 years ago; one first‑floor 3‑bedroom unit totally renovated last year
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in Paterson, NJ with income potential.
Where is this apartment building located?
The property is located at 84-88 Jefferson Street 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: 5‑family property with unit mix: two 2BR/1BA units, two 3BR/1BA units, and one 4BR/2BA unit; Two‑building layout: one building with 2 two‑bedroom units and a second building with 3 three‑bedroom units; Renovations reported: the 2‑unit building was renovated 6 years ago; two 3‑bedroom units renovated 6 years ago; one first‑floor 3‑bedroom unit totally renovated last year
