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Duplex with Finished Basement
For Sale
$699,900

94 Redwood Ave, Paterson, NJ 07522

Two-family property with substantial residential layouts and additional finished lower-level space.

Property SizeContact for details
Days on Market10

Property Features for 94 Redwood Ave

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 4BR/2BA
Multifamily Units 2

Additional Details

Public Transit Yes

Building Details

Year Built 2020
Listing Agency: REALTY ONE GROUP LEGEND
Listed By: RUBEN SERRANO · License #301857
Source: Luminancerealty
Added: Aug 20 Changed: Aug 28 Last Checked: Aug 28 at 12:37PM

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 REALTY ONE GROUP LEGEND

Investment Insights

Based on property information with market context.

This duplex at 94 Redwood Ave in Paterson includes two residential units, each configured with four bedrooms and two bathrooms. The property also offers a finished basement with an additional one-bedroom, one-bathroom arrangement, creating flexible lower-level space beyond the primary units. Year built is 2020.

The property is located in Paterson’s Hillcrest section, near parks, schools, shops, dining, houses of worship, and NYC Transit. Its two-unit configuration and finished basement provide a clearly defined multifamily layout with additional space for household, recreational, or office-related use as supported by the existing configuration.

Key Highlights

  • Two residential units, each with 4 bedrooms and 2 baths
  • Finished 1/1 basement provides additional lower‑level space
  • Built in 2020

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Catering Service Veterinary Clinic Nursing Home Pet Grooming Service (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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,816
Businesses Nearby

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

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?
Duplex - Two-family property with substantial residential layouts and additional finished lower-level space.
Where is this duplex located?
The property is located at 94 Redwood Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two residential units, each with 4 bedrooms and 2 baths; Finished 1/1 basement provides additional lower‑level space; Built in 2020
More about this property
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