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Vacant 3-Unit Residential Income Property
For Sale
$647,000
Pending

93 Highland St 1-3, Paterson, NJ 07524

Three separate units with individual utilities and recent exterior and systems updates offer a straightforward multi-family setup for occupancy or investment.

Property SizeContact for details
Days on Market74

Property Features for 93 Highland St 1-3

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $10,637

Building Details

Year Built 1939
Units 3
Listing Agency: eXp Realty, LLC
Listed By: NADIYAH MALBON
Source: Elliman
Added: Jun 10 Changed: Aug 8 Last Checked: Aug 8 at 3:30PM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This well-maintained 3-unit multi-family property is configured as two units with three bedrooms and one bath, plus a third unit with two bedrooms and one bath. All three units are currently vacant and available for lease, with separate utilities provided for each unit. The building also includes basement access and a shared backyard area for tenant use.

Recent exterior upgrades include a newer roof and siding. Interior improvements include two newer boilers, along with updated plumbing and electrical systems. The property is positioned for convenient commuting with access to all major highways.

For tenants, the unit mix supports a range of household needs, from three-bedroom layouts to a two-bedroom option, while separate utilities can support more independent living. For buyers or operators, the combination of vacancy, individual utility setups, and documented recent system updates can make for a practical path to stabilizing the property and bringing units to lease-up.

Key Highlights

  • 3‑unit multifamily built in 1939 with two 3BR/1BA units and one 2BR/1BA unit
  • Units are currently vacant and available for lease
  • Separate utilities for each unit plus basement access

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Cafe & Coffee Shop Dental Office (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,672
Businesses Nearby

Demographics for 07524, NJ

14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate units with individual utilities and recent exterior and systems updates offer a straightforward multi-family setup for occupancy or investment.
Where is this triplex located?
The property is located at 93 Highland St 1-3 Paterson, NJ.
What is the asking price?
The asking price for this property is $647,000.
What are key features of this property?
This property features: 3‑unit multifamily built in 1939 with two 3BR/1BA units and one 2BR/1BA unit; Units are currently vacant and available for lease; Separate utilities for each unit plus basement access
More about this property
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