Two-Family Residential Income
For Sale
$499,950
Pending
98 Lafayette St, Paterson, NJ 07501
Two units with separate layouts, driveway, and backyard; sold as-is with cash or alternative financing only.
Property SizeContact for details
Days on Market55
Property Features for 98 Lafayette St
General Information
Standard status
Pending
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,729
Building Details
Year Built
1900
Units
2
Listing Agency:
(201) 445-9400
Listed By:
ANTHONY NELSON · License #0455623
Source:
Elliman
Added: Jul 1
Changed: Aug 15
Last Checked: Aug 23 at 9:08AM
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 ANTHONY NELSON
Investment Insights
Based on property information with market context.
This two-family home is configured as a first-floor and a second-floor unit. The first-floor unit includes a living room, an eat-in kitchen, two bedrooms, a full bath, and access to the full unfinished basement. The second-floor unit spans the second and third levels, offering a living room, an eat-in kitchen, four bedrooms, and one and a half bathrooms. Outside, the property includes a two-car driveway and a well-sized backyard. The home is being sold as-is, with all required inspections the buyer’s responsibility.
Located at 98 Lafayette St in Paterson, NJ, the property is described as very walkable (walkScore 75) with some transit access (transitScore 35) and bikeable conditions (bikeScore 50). The listing notes that the buyer is responsible for obtaining the CCO and smoke cert.
This layout may appeal to owner-occupants seeking additional income from a separate unit, as well as investors interested in a duplex-style setup. Buyers should plan for the property to be closed through cash offers or alternative financing only, as the home is noted as not passing traditional financing in its current state.
Located at 98 Lafayette St in Paterson, NJ, the property is described as very walkable (walkScore 75) with some transit access (transitScore 35) and bikeable conditions (bikeScore 50). The listing notes that the buyer is responsible for obtaining the CCO and smoke cert.
This layout may appeal to owner-occupants seeking additional income from a separate unit, as well as investors interested in a duplex-style setup. Buyers should plan for the property to be closed through cash offers or alternative financing only, as the home is noted as not passing traditional financing in its current state.
Key Highlights
- Two‑family home built in 1900 with separate first- and second‑floor unit layouts
- First‑floor unit: living room, eat‑in kitchen, 2 bedrooms, full bath, plus access to the full unfinished basement
- Second‑floor unit: living room, eat‑in kitchen, 4 bedrooms, and 1.5 bathrooms across the second and third levels
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,099
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two units with separate layouts, driveway, and backyard; sold as-is with cash or alternative financing only.
Where is this duplex located?
The property is located at 98 Lafayette St Paterson, NJ.
What is the asking price?
The asking price for this property is $499,950.
What are key features of this property?
This property features: Two‑family home built in 1900 with separate first- and second‑floor unit layouts; First‑floor unit: living room, eat‑in kitchen, 2 bedrooms, full bath, plus access to the full unfinished basement; Second‑floor unit: living room, eat‑in kitchen, 4 bedrooms, and 1.5 bathrooms across the second and third levels
