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Triplex with Detached Garage
For Sale
Contact for pricing
Pending

955-957 Madison Avenue, Paterson, NJ 07501

Separate utilities, updated mechanical systems, and flexible occupancy create a practical multifamily configuration.

Property SizeContact for details
Days on Market39

Property Features for 955-957 Madison Avenue

General Information

Standard status Pending
Property subtype Multi Family 2-4 Units
Listing Agency: Buildings Realty, LLC
Listed By: Ismael Medina · License #1005689
Source: Capmarkrealty
Added: Jul 24 Changed: Aug 30 Last Checked: Aug 30 at 10:48AM

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 Buildings Realty, LLC

Investment Insights

Based on property information with market context.

This three-unit property offers approximately 3,500+ square feet of living space, with two 3-Bedroom units and one 1-bedroom unit. The building includes a large unfinished basement, separate utilities, and a 1 Car detached garage. Improvements include Three New Gas Boilers, Three New Hot Water Heaters, Two Newer kitchens, and Mostly All Newer Windows.

One unit is occupied and two units are vacant, providing a mix of existing occupancy and available space. The property is being sold strictly AS-IS, with no repairs or credits from the seller. A Shared Driveway provides access to the rear garage area. The property is located at 955-957 Madison Avenue in Paterson, NJ 07501.

Key Highlights

  • Approximately 3,500+ square feet of living space
  • Two 3‑Bedroom units and one 1‑bedroom unit
  • Three New Gas Boilers and Three New Hot Water Heaters

Property Analytics

Current Use

Triplexes

Suggested Use

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

2,467
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Separate utilities, updated mechanical systems, and flexible occupancy create a practical multifamily configuration.
Where is this triplex located?
The property is located at 955-957 Madison Avenue Paterson, NJ.
What are key features of this property?
This property features: Approximately 3,500+ square feet of living space; Two 3‑Bedroom units and one 1‑bedroom unit; Three New Gas Boilers and Three New Hot Water Heaters
More about this property
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