89 Market St Paterson City, NJ 07505
Other
MLS #: 4001289
Courtesy Of SERHANT New Jersey LLC
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Exterior Type: Brick
- Exterior Type: Block
- Floors: 3
- Heating System: Baseboard
- Heating System: Hot Water (Heating)
- MLSID: 4001289
- Roof Type: Flat
- Roof Type: Rubber
- Rooms: Basement
MAP & DIRECTIONS
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