89 Market St | Paterson City

$999,999 | 5 Baths (5 Half) | 0.0 Sq. Ft.

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. 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. GSMLS 4001289

Directions to property: GPS 89 Market St. Paterson

MLS Listing ID: 
GSMLS 4001289
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: 
1910
Living Area: 
0.0
Basement: 
Bilco-Style Door, Full, Storage, Unfinished
Construction
Construction Materials: 
Brick/Block, Wood
Roof: 
Flat, Rubberized
Exterior: 
Brick/Block
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
5
Total Half-Bathrooms: 
5
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Baseboard - Hotwater
Heating System Fuel: 
Gas-Natural
Cooling System: 
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: 
0.06
Lot Size (Dimensions): 
25X113
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Total Parking Spaces: 
0
Public Record
Parcel Number: 
2508-04605-0000-00011-0000-
Lot Number: 
11
Annual Tax: 
$18,545.00
Property Zoning: 
B-4
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
12/11/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building & Land
Possession: 
Flexible
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
SERHANT NEW JERSEY LLC