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$1,500,000
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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 8% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!
Full Property Details
Full Property Details for 62 Lafayette St
General
- Price: $1,500,000
- Taxes: $16,047 (2025)
- Status: Active
- Type: Apartment
- Source: Garden_State
- MLS ID: 4017166
- Updated: 3/27/2026
- Added to Site: 25 day(s) ago
Business
- Includes: Building Only
Rooms
Bathrooms
- Total Bathrooms: 7
- Restrooms: 8
Additional Information
- Equipment: See Remarks
Parking
- Parking: 2 Car Width, Blacktop, See Remarks
Location
- County: Passaic
- Driving Directions: Corner Lafayette St. and Summer
- Location Details: See Remarks
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window A/C(s)
- Heating Type: 4+ Units, Electric Baseboard, Forced Hot Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: See Remarks
- Exterior Const.: Aluminum Siding, Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished, Walk-Out
- Roof: Asphalt Shingles
- Stories in Building: 3
- Square Feet: 999
- Aprox. Leasable: 999 Sq. Ft.
- Office: 999 Sq. Ft.
- Year Built: 1900
Unit Information
- 1 Bedroom Units: 3
- 3 Bedroom Units: 3
- Units w/Full Bath: 7
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: 50X100
- Zoning: R2
- Lot Description: Corner, Level Lot
Financial Considerations
- Price Per Sq. Ft.: $999
- Assessment Amount: $1,018,300
- Land Assmt: $250,000
- Tax Amount: $16,047
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses
- APN: 2508-03109-0000-00001-0000-
- Block: 3109
- Lot Number: 1
Listed by Exp Realty, Llc
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Schools
Schools serving 62 Lafayette St
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 62 Lafayette St
Date
Details
Price
Change
Source
3/27/2026
Listed
$1,500,000
215.79%
MLS
1/11/2022
Sold
$475,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 62 Lafayette St
62 Lafayette St, Paterson, NJ 07501 (MLS# 4017166) is a Apartment property. 62 Lafayette St is currently listed for $1,500,000 and was received on March 27, 2026. Want to learn more about 62 Lafayette St? Do you have questions about finding other Apartment real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

