Paterson Multifamily Investment
84-88 Jefferson Street, Paterson, NJ 07522
New
MULTI_FAMILY - Paterson, NJ
- Added:
- May 28, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 3 at 11:06 am
Property Features for 84-88 Jefferson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 15
- Bathrooms
- 7
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 14, Bedroom 11, Bedroom 9, Bathroom 1, Bedroom 10, Bedroom 3, Bedroom 8, Bedroom 15, Bedroom 13, Bedroom 12, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 7, Bedroom 1, Bedroom 2, Basement, Bathroom 6, Bedroom 7
- Basement
- Full
- Standard status
- Active
Utilities
- Cooling system
- Central Air, None (Cooling)
Listing agent Joseph Oneal (201) 592-8900
Listing office Keller Williams City Views Realty Fort Lee, NJ (201) 592-8900
Listing date May 28, 2026
MLS# 26019090
Listing URL
Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑yield investment opportunity with a current 8% cap rate, easily increased to 11%.
- Five units: two 2‑bedroom, two 3‑bedroom, and one 4‑bedroom, providing diverse rental income streams.
- Two buildings with recent renovations, including central air in select units.
- Existing property management company in place for seamless transition.
- Additional income potential from coin laundry and extra parking lot.
- Long‑term tenants already in place.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.172195
- Latitude
- 40.926453
Nearby Similar for Sale
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: High‑yield investment opportunity with a current 8% cap rate, easily increased to 11%.; Five units: two 2‑bedroom, two 3‑bedroom, and one 4‑bedroom, providing diverse rental income streams.; Two buildings with recent renovations, including central air in select units.
