89 Market St, Paterson City NJ 07505-1274

B-4
Paterson City
Property Media
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Property Price
$999,000
Year Built
1910
Tax Annual Amount
$18545
TaxYear (*text)
2024
Roof (*text)
Flat, Rubberized
Lot Size Area
0.06
MLS Status
Active
MLS #
4024514

This 5-unit mixed-use building features a long-standing liquor store/bar on the ground floor, providing stable commercial income with strong visibility along Market Street. Above the retail space are four residential apartments: two 2-bedroom units and two 1-bedroom units. One of the 2 -bedroom apartments will be vacant as of 4/1/2026, offering a valuable chance for renovation and immediate rent upside (to be rented for $1600). Of the three remaining residential units, one has already been updated, while the others present significant value-add potential for an investor looking to modernize and increase long-term returns. ALL SEPARATE UTILITIES! The building layout is efficient, and the mixed-use configuration appeals to renters seeking convenience near transportation, shopping, and local businesses. With consistent demand in the area, this property provides a solid base of income today with substantial room to improve performance over time. Ideal for hands-on owners or investors seeking growth in an evolving urban market. Property is being sold strictly as-is.

Yearly Tax Rate
5.095
Year Built (*numeric)
1910
Basement
Yes
Roofing (*text)
Flat, Rubberized
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
0
Heating
4+ Units, Baseboard - Hotwater
Lot Size Dimensions
25X113
Property Location

40.91583, -74.1745

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762