62 Lafayette St | Paterson City

$1,500,000 | 8 Baths (8 Half) | 999 Sq. Ft.

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! GSMLS 4017166

Directions to property: Corner Lafayette St. and Summer

MLS Listing ID: 
GSMLS 4017166
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1900
Living Area: 
999
Basement: 
Unfinished, Walkout
Construction
Construction Materials: 
See Remarks
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
8
Total Half-Bathrooms: 
8
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Baseboard - Electric, Forced Hot Air
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
Central Air, Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
50X100
Waterfront: 
0
Lot Features
Driveway: 
2 Car Width, Blacktop, See Remarks
Parking Type: 
2 Car Width, Blacktop, See Remarks
Public Record
Parcel Number: 
2508-03109-0000-00001-0000-
Lot Number: 
1
Annual Tax: 
$16,047.00
Property Zoning: 
R2
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
3/27/2026
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
ASAP
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP REALTY, LLC