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$999,999 - 89 Market St, Paterson City

-
Bedrooms
-
Baths
N/A
SQ. Feet
0.06
Acres

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.

Essential Information

  • MLS® #:
    4001289
  • Price:
    $999,999
  • Acres:
    0.06
  • Year Built:
    1910
  • Type:
    Commercial
  • Status:
    Active

Community Information

  • Address:
    89 Market St
  • City:
    Paterson City
  • County:
    Passaic
  • State:
    NJ
  • Zip Code:
    07505-1274

Amenities

  • Utilities:
    Electric, Gas-Natural
  • Parking:
    None

Interior

  • Heating:
    Gas-Natural
  • # of Stories:
    3

Exterior

  • Exterior:
    Brick
  • Lot Description:
    Level Lot
  • Roof:
    Flat, Rubberized

Additional Information

  • Date Listed:
    December 11th, 2025
  • Days on Market:
    13
  • Zoning:
    B-4

Listing Details

  • Listing Office:
    Serhant New Jersey Llc

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Listing information last updated on December 24th, 2025 at 11:18am EST.