Five-Unit Corner Property For
95 Lyon St, Paterson, NJ 07524
Five-unit property with income potential, sold as-is.
Property size:
3,184 SFLot size:
0.12 AcresPrice / SF:
$255/SF- Added:
- Mar 10, 2026
- Days on Market:
- 75
- Last Refresh:
- Mar 16 at 11:02 am
Property Features for 95 Lyon St
General Information
- Standard status
- Active
- Size
- 3,184 SF
- Lot size
- 0.12 Acres
Building Details
- Year Built
- 1940
Listing agent GENESSEE JIMENEZ
Listing office UNITED REAL ESTATE (888) 501-6953
Listing date Mar 10, 2026
Source Corcoran
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 UNITED REAL ESTATE
HighLights
- Strong income potential from 5 units
- Guaranteed income from a 4BR/1BA unit with lease through June 2026
- Features a 2BR/1BA owner‑occupied unit
- Corner property location
- Large double garage with second‑level storage included
- Laundry space with coin‑operated machines
Overview
This is a five-unit corner property presenting income potential. The unit mix includes one two-bedroom, one-bathroom owner-occupied unit, two one-bedroom, one-bathroom units renting for $1,300 and $1,258 respectively, one two-bedroom, one-bathroom unit renting for $1,040, and one four-bedroom, one-bathroom unit rented for $1,800 with a lease extending through June 2026. All other tenants are on a month-to-month basis. The property includes a laundry space with coin-operated machines located in the basement. Additionally, there is a large double garage with second-level storage space. The property is being sold as-is, presenting an opportunity for investors.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$544.0K
NOI $48,964 @ 9.00% cap · cautious / downside scenario
Moderate
$699.5K
NOI $48,964 @ 7.00% cap · market / base-case scenario
Aggressive
$979.3K
NOI $48,964 @ 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 Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.5k | $30.00 |
| − Vacancy | −$6.5k | −$2.04 |
| EGI | $89.0k | $27.96 |
| − OpEx | −$40.1k | −$12.58 |
| NOI | $49.0k | $15.38 |
3,184 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$699.5K
$612.1K – $816.1K
NOI $48,964 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$831.4K
$727.5K – $970.0K
NOI $58,198 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1603496
- Latitude
- 40.9290655
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit property with income potential, sold as-is.
Where is this apartment building located?
The property is located at 95 Lyon St Paterson, NJ.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Strong income potential from 5 units; Guaranteed income from a 4BR/1BA unit with lease through June 2026; Features a 2BR/1BA owner‑occupied unit
