339-343 E 28th St - Apartments FOR SALE


Paterson, NJ 07514- Riverside
$1,500,000 USD
862-244-1032
339-343 E 28th St, Paterson, NJ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/14
null | 6.25% Cap Rate

339-343 E 28th St
Paterson, NJ 07514
Riverside


OVERVIEW

Prime 6-Family Investment Property – Fully Renovated with Parking & Storage Welcome to 339-343 E 28th Street, an exceptional turnkey 6-family building located in the heart of Paterson. Each of the six spacious units features 3 bedrooms and 1 full bathroom, all fully renovated in 2021 with modern finishes, separate HVAC systems, and individual hot water tanks—providing tenants with comfort and owners with streamlined utility management. The property offers 8 on-site parking spaces, a clean, well-maintained basement, and dedicated storage units for each apartment—creating a unique opportunity to generate additional income. Laundry hookups can be added in the basement for even more upside potential. The roof was also replaced in 2020, offering long-term peace of mind to investors. Whether you’re an owner-occupant or investor, this low-maintenance, high-yield asset is ideal for maximizing rental income in a strong rental market. Highlights: Six 3-Bed/1-Bath renovated units Separate HVAC & hot water for each unit New roof (2020) 8 off-street parking spots Basement with private storage units Laundry income potential Fully occupied or ready-to-rent

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,594 SF

ZONING

R-2

APN/PARCEL ID

08-08301-0000-00031

ASK ABOUT THIS PROPERTY

Thomas MisuracaKeller Williams City Life RealtyMore Info
862-244-1032

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Thomas MisuracaKeller Williams City Life RealtyMore Info
862-244-1032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.