Income-Producing 3-Family
90 Park Ave, Paterson, NJ 07501
3-Three Story, Multi-Family - Paterson City, NJ
Property size:
3,692 SFLot size:
0.06 AcresPrice / SF:
$227/SF- Added:
- Apr 2, 2026
- Days on Market:
- 51
- Last Refresh:
- May 22 at 3:06 pm
Property Features for 90 Park Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 3,692 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14217
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1700
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent ALICIA ALARCON (973) 253-2800
Listing office KELLER WILLIAMS TEAM REALTY 525 ROUTE 46 EAST, Clifton, NJ (973) 253-2800
Listing date Apr 2, 2026
MLS# 4018267
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Huge income‑producing 3‑family property.
- Fully separate utilities with 3 boilers and 4 meters.
- Convenient location near NJ Transit trains and direct NYC bus routes.
- Unit 2 and Unit 1 are vacant.
- Partially finished basement with a full bathroom and 3 bonus rooms.
- Easy access to major highways including I‑80, Route 19, and Garden State Parkway.
Overview
This is a three-story, multi-family property located on the Eastside of Paterson. It is an income-producing property with high ceilings throughout. Unit 1 features 3 bedrooms, a living room, a kitchen, and a full bath and is currently vacant. Unit 2 includes 4 bedrooms, a living room, a kitchen, and a full bath and is also vacant. Unit 3 offers 4 bedrooms, a living room, a kitchen, and a full bath and is currently occupied on a month-to-month basis. The property also features a partially finished basement with a full bathroom and 3 bonus rooms. The utilities are fully separate, with 3 boilers and 4 meters. The lot size is 0.06 acres and the property size is 3692 square feet. The property is conveniently located near NJ Transit trains and direct NYC bus routes with easy access to major highways including I-80, Route 19, and Garden State Parkway. This location is ideal for commuters. This property is suitable for a first-time buyer looking to live in one unit while generating income from the others, or an investor seeking strong cash flow. The property is being sold as-is.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$686.6K
NOI $61,790 @ 9.00% cap · cautious / downside scenario
Moderate
$882.7K
NOI $61,790 @ 7.00% cap · market / base-case scenario
Aggressive
$1.24M
NOI $61,790 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $25.56 |
| − Vacancy | −$6.1k | −$1.65 |
| EGI | $88.3k | $23.91 |
| − OpEx | −$26.5k | −$7.17 |
| NOI | $61.8k | $16.74 |
3,692 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$882.7K
$772.4K – $1.03M
NOI $61,790 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$811.1K
$709.7K – $946.3K
NOI $56,776 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$964.1K
$843.6K – $1.12M
NOI $67,484 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.16286
- Latitude
- 40.91529
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Eastside Paterson 3-family home with high ceilings and separate utilities.
Where is this triplex located?
The property is located at 90 Park Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Huge income‑producing 3‑family property.; Fully separate utilities with 3 boilers and 4 meters.; Convenient location near NJ Transit trains and direct NYC bus routes.
