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89 Market St

Paterson City, NJ 07505
  • $999,999
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 4001289
UPDATED: 34 min ago
$999,999
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,744
    SQFT
  • $211
    $/SQFT
Type:
Commercial
Built:
1910
County:

School Ratings & Info

Description

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.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-01-17T10:48:40.987.
www.trompeterrealestate.com/homes/171290233
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89 Market St Paterson City, NJ 07505

  • Price: $999,999
  • Status: Active
  • On Site: 36 Days
  • Updated: 34 min ago
  • MLS #: 4001289
0
Beds
0
Baths
0
½ Baths
0.06
Acres
4,744
SQFT
$211
$/SQFT
1910
Built
County:
Passaic
Area:
Paterson City
Property Description
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.
Exterior Features

Approximate Lot Size 25X113 Available Parking Spaces 0 Construction Brick/BlockWood Exterior Description Brick/Block Location Business District Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description FlatRubberized

Interior Features

Basement Yes Basement Description Bilco-Style DoorFullStorageUnfinished Cooling Window A/C(s) Equipment Available Appliances Heating 4+ UnitsBaseboard - Hotwater Max Ceiling Height 9 Max Door Height 0 Number Of Lavatories 5 Office Sq Ft 0

Property Features

Expenses Include Gas/OilInsuranceMaintenance - ExteriorMaintenance - InteriorTaxesTrashWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 97560 Net Operating Income 66519 Permitted Use RetailMulti-FamilyRest/BarsProfessionaletc Primary Property Type MixedUse Prior Use Liquor Store/Bar plus 4 Residential Apartments Property Type Mixed UseStore With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 18545 Tax Rate Amount 5.095 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 31042 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning B-4

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-461-3118.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-01-17T10:48:40.987.
 
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