62 Lafayette St, Paterson City, NJ 07501
62 Lafayette St, Paterson City, NJ 07501
62 Lafayette St, Paterson City, NJ 07501
62 Lafayette St, Paterson City, NJ 07501
62 Lafayette St, Paterson City, NJ 07501
62 Lafayette St, Paterson City, NJ 07501
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 1,435,000
Est. payment | /mo

999 SqFt

Save
$ 1,435,000
Est. payment | /mo
Save

999 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 999 sqft

Price per Sqft $1,436

MLS Listing ID 4017166

Year Built 1900

Annual Tax Amount $16,047

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

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!

Location

State NJ

County Passaic

Zoning R2

Rooms

Basement Unfinished, Walkout

Interior

Heating Electric, Gas-Natural

Cooling Central Air, Window A/C(s)

Equipment See Remarks

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Aluminum, Vinyl

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner, Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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62 Lafayette St

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