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264-266 9th Ave 6 Unit Apartment Building $1,050,000 ($175,000/Unit) 8.52% Cap Rate Paterson, NJ 07524
Executive Summary
For Sale | 6-Unit Multifamily Investment
Completely Renovated, Turn Key Asset
Paterson, Passaic County, New Jersey
Extremely clean, turnkey asset with all separate utilities and forced hot and cold air. The property has been fully renovated, including new siding, updated interiors, plumbing, and electrical. Current Green Card is valid with the next inspection due in 2031. The building consists of spacious units including three 1-bedrooms and three 2-bedrooms. Priced with fair and conservative underwriting at an 8.5%++ cap rate.
Contact Lauren for more information 908 230 1599
Completely Renovated, Turn Key Asset
Paterson, Passaic County, New Jersey
Extremely clean, turnkey asset with all separate utilities and forced hot and cold air. The property has been fully renovated, including new siding, updated interiors, plumbing, and electrical. Current Green Card is valid with the next inspection due in 2031. The building consists of spacious units including three 1-bedrooms and three 2-bedrooms. Priced with fair and conservative underwriting at an 8.5%++ cap rate.
Contact Lauren for more information 908 230 1599
Property Facts
| Price | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.52% | Building Size | 4,800 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2025 |
| Zoning | R-3 | ||
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 8.52% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2025 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 700 |
| 1+1 | 3 | - | 600 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-03301-0000-00002 | Improvements Assessment | $243,400 |
| Land Assessment | $106,200 | Total Assessment | $349,600 |
Property Taxes
Parcel Number
08-03301-0000-00002
Land Assessment
$106,200
Improvements Assessment
$243,400
Total Assessment
$349,600
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264-266 9th Ave
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