Two-Family
86 N 8th St, Paterson, NJ 07522
For Sale
$737,000
The property is offered in its current condition, with occupants remaining through closing.
Property Size1,690 SF
Price / SF$436.09
Days on Market25
Property Features for 86 N 8th St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Amenities
Open Porch(es)
See Remarks
Building Details
Building Size
Year Built
Units
Listing Agency:
Ai Brokers LLC
Listed By:
Kimberlee McClellan · License #RM425459
(800) 933-1991
Source:
Arcadiarealtors
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 8:51AM
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 Ai Brokers LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this 1,690-square-foot duplex is described as a two-family property with the potential for two separate living units. It is being sold in its current condition, and the buyer is responsible for inspections, certificates of occupancy, and other required certifications.
The occupants will remain through closing. Interior access is not available, and showings are limited to exterior drive-bys. A temporary certificate of occupancy is required at closing. Parks, schools, restaurants, and neighborhood amenities are noted nearby.
The occupants will remain through closing. Interior access is not available, and showings are limited to exterior drive-bys. A temporary certificate of occupancy is required at closing. Parks, schools, restaurants, and neighborhood amenities are noted nearby.
Key Highlights
- 1,690‑square‑foot duplex built in 1930
- Described as a two‑family property with potential for two separate living units
- Occupants remain through closing; interior access is unavailable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,284
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,680
$565.7K
Cap Rate 7%
$404,057
$404.1K
Cap Rate 9%
$314,267
$314.3K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$43.2K $25.56/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$40.4K $23.91/SF
− OpEx
−$12.1K −$7.17/SF
NOI
$28.3K $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%
$565,680
Cap Rate 7%
$404,057
Cap Rate 9%
$314,267
Alternative Uses
Best Use
Multifamily LT 5
$404.1K
$353.6K – $471.4K
NOI $28,284 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$371.3K
$324.9K – $433.2K
NOI $25,989 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$441.3K
$386.1K – $514.8K
NOI $30,890 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,444
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
Properties on Market for Duplexes in Paterson
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property is offered in its current condition, with occupants remaining through closing.
Where is this duplex located?
The property is located at 86 N 8th St Paterson, NJ.
What is the asking price?
The asking price for this property is $737,000.
What are key features of this property?
This property features: 1,690‑square‑foot duplex built in 1930; Described as a two‑family property with potential for two separate living units; Occupants remain through closing; interior access is unavailable
