84 Auburn St - Apartments FOR SALE


Paterson, NJ 07501- Eastside
$1,300,000 USD
551-286-5771
84 Auburn St, Paterson, NJ for Sale
$1,300,000 USD
Apartments - FOR SALE
1/27
null | 8% Cap Rate

84 Auburn St
Paterson, NJ 07501
Eastside


HIGHLIGHTS

  • Built in 2020
  • FULLY RENTED
  • INDEPENDENT HVAC per unit, Tankless Hotwater systems, Laundry in all UNITs, Sprinkler system, Security system

OVERVIEW

Welcome to a rare turnkey investment opportunity: a 2020-built, 6-unit multifamily property fully leased at strong market rents. This modern asset offers six 1-bedroom, 1-bath residences, each thoughtfully designed with luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit laundry, and individual HVAC systems controlled by each tenant. The building is engineered for efficiency and durability, featuring tankless instant hot water, a full security camera system, fire sprinkler system, and split HVAC systems serving the common areas. Quality construction and low-maintenance systems translate to reduced operating costs and long-term performance. Located in Paterson, this property combines modern design, high tenant appeal, and reliable cash flow—making it an ideal addition for investors seeking a stabilized, low-maintenance asset from day one. Opportunities like this don’t come around often—secure this premium multifamily investment today.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auburn Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,101 SF

ZONING

Opportunity

APN/PARCEL ID

08-03613-0000-00010

ASK ABOUT THIS PROPERTY

Matthew O'HareColdwell Banker, Allendale/saddle River ValleyMore Info
551-286-5771

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Matthew O'HareColdwell Banker, Allendale/saddle River ValleyMore Info
551-286-5771

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