89 Market St - Multi-Family FOR SALE


Paterson, NJ 07505- Downtown Paterson
$999,999 USD
973-461-3118
89 Market St, Paterson, NJ for Sale
$999,999 USD
Multi-Family - FOR SALE
1/40
null | 6.59% Cap Rate

89 Market St
Paterson, NJ 07505
Downtown Paterson


OVERVIEW

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. For a Virtual Interactive Walk-Through of Residential Units, use this link - https://my.matterport.com/show/?m=tpuLPiWzbJ1

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$211 USD /SF

# OF UNITS

5

PRICE/UNIT

$200,000

CAP RATE

6.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-4

APN/PARCEL ID

08-04605-0000-00011

ASK ABOUT THIS PROPERTY

Ryan PaliantoVandelay Plaza LLCMore Info
973-461-3118

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Ryan PaliantoVandelay Plaza LLCMore Info
973-461-3118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.