62 Lafayette St, Paterson City, NJ

$1,435,000

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999

Square feet

0.11

Acres

About 62 Lafayette St

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 Lafayette St

MLS® # 4017166
Price $1,435,000
Square Footage 999
Acres 0.11
Year Built 1900
Type Commercial / Industrial / Business
Status Active

Community Information

Address 62 Lafayette St
City Paterson City
County Passaic
State NJ
Zip Code 07501-1139

Amenities

Utilities Electric, Gas-Natural
Parking 2 Car Width, Blacktop, See Remarks

Interior

Heating Electric, Gas-Natural
# of Stories 3
Has Basement Yes
Basement Unfinished, Walkout

Exterior

Exterior Aluminum,Vinyl
Lot Description Corner, Level Lot
Roof Asphalt Shingle

Additional Information

Date Listed March 27th, 2026
Zoning R2

Listing Map

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