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62-64 Lafayette Street, Paterson, NJ

$1,435,000

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About 62-64 Lafayette Street

Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 9% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!

Features of 62-64 Lafayette Street

MLS® # 26009747
Price $1,435,000
Bathrooms 0.00
Type Commercial Sale/Lease
Sub-Type Office
Style Other
Status Active

Community Information

Address 62-64 Lafayette Street
City Paterson
County PASSAIC
State NJ
Zip Code 07501

Amenities

Utilities Sep Gas,
Is Waterfront No
Waterfront None
Has Pool No

Interior

Heating Central, Natural Gas
Cooling Central Air, Gas
Fireplace No
Has Basement No

Additional Information

Date Listed March 27th, 2026
Foreclosure No
RE / Bank Owned No

Listing Map

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