67 Oak St - Apartments FOR SALE


Paterson, NJ 07501- Eastside
$2,100,000 USD
201-315-1223
67 Oak St, Paterson, NJ for Sale
$2,100,000 USD
Apartments - FOR SALE
1/85
null | 6.94% Cap Rate

67 Oak St
Paterson, NJ 07501
Eastside


HIGHLIGHTS

  • Turnkey Asset – Fully renovated in 2023, offering zero immediate capex and modern finishes across all units.
  • 100% Occupied – Immediate cash flow with a stabilized tenant base in place.
  • Attractive Cap Rate of 6.94% – Solid in-place income with upside potential on renewals and market growth.
  • Prime Corner Lot Location – Excellent visibility and accessibility near Route 80 and regional transit.
  • Mixed-Use Flexibility – 10 Residential Units + 1 Commercial Unit, offering diversified income streams.
  • Proven Value in Northern NJ Market – Strong local rental demand and demographic growth support long-term appreciation.

OVERVIEW

Turnkey 11-Unit Cash Flowing Asset in Prime Northern NJ Introducing a fully renovated, income-producing multifamily opportunity in the heart of Northern New Jersey. This 9,871 SF, 3-story building features 11 units — including 10 residential apartments and 1 commercial space — all upgraded in 2023 and currently 100% occupied. Zoned R-3 and situated on a high-visibility corner lot, this property offers immediate cash flow and long-term upside. Just minutes from Route 80 and major transit links, tenants enjoy convenience while investors benefit from stable income and professional-grade renovations. Perfect for both seasoned and emerging investors seeking a plug-and-play asset in a growing urban market.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

11

PRICE/UNIT

$190,909

CAP RATE

6.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cashflow Meets Upside | 11 Unit Multi-family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R-3

APN/PARCEL ID

08-06307-0000-00001

ASK ABOUT THIS PROPERTY

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201-315-1223

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201-315-1223

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