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Downtown Paterson Multifamily Homes & Duplexes for Sale

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  • /46

    $598,888

    • 6 Beds
    • 4 Baths

    48 Ann St, Paterson, NJ 07501

    Welcome to 48 Ann St!A well-maintained multi-family home offering a total of 6 bedrooms and 4 full bathrooms. Each unit features spacious bedrooms, functional layouts, and comfortable living areas. Property includes a deck for outdoor enjoyment and 2 parking spaces for added convenience. Ideally located near schools, shopping, public transportation, and major highways. Excellent opportunity for

    Dary Ortega REAL

    48 Ann St, Paterson, NJ 07501
  • /26

    $569,900

    • 5 Beds
    • 2 Baths

    190 Mill St, Paterson, NJ 07501

    Welcome to 190 Mills St in Paterson! Fully renovated just three years ago, this fabulous two-family home features a spacious two-bedroom apartment on the first floor with all appliances, and an extra-large three-bedroom apartment on the second floor, plus a large attic that can be used for storage or as a daily office space. Everything was updated three years ago. The second-floor unit is

    Jennifer Romero-DeFeis RE/MAX Lifestyles

    190 Mill St, Paterson, NJ 07501
  • /26

    $679,000

    • 7 Beds
    • 4 Baths

    227 Mill St, Paterson, NJ 07501

    Welcome to this beautifully recently renovated three-family home, situated in Paterson, NJ. The recent renovations was completed in July 2025 which makes this property a prime candidate for a strong rental income. With all three units delivered vacant, you have the flexibility to set your own rental terms and maximize income potential. The first floor entails (3) bedrooms, a full bath, and an

    Sherice Ali REALTY ONE GROUP LEGEND

    227 Mill St, Paterson, NJ 07501
  • /34

    $750,000

    • 6 Beds
    • 2.5 Baths

    107 Jersey St, Paterson, NJ 07501

    Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lot property offers three separate units and bonus billboard rental making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Offering two spacious residential units. Both are 3 bedroom apartments with separate

    KIMBERLY BARRETO ADDISON REAL ESTATE

    107 Jersey St, Paterson, NJ 07501

Why Live in Downtown Paterson

Downtown Paterson, the historic heart of Paterson, is known for its architectural landmarks like City Hall and the Passaic County Court House. This neighborhood, rooted in America's industrial beginnings, offers residents affordable multi-family housing and a vibrant Latin American culinary scene. With a high Walk Score of 85, Downtown Paterson is a pedestrian-friendly area. The neighborhood is well-connected through NJ Transit Commuter Rail and Bus services, facilitating travel to Manhattan and Newark Liberty International Airport, both 21 miles away. Residents have access to Great Falls National Park, home to one of the nation's largest waterfalls, and Eastside Park, which offers sports facilities and a learning garden. Garrett Mountain Reservation, located just south, features trails and a butterfly garden. The annual Great Falls Festival, held over Labor Day weekend, draws visitors with live music and family-friendly activities. While public schools in the area have mixed ratings, Mary Help of Christians Academy is a highly rated private option. Dining options abound on Main and Market Streets, with popular spots like Main Corner Restaurant and Panchito’s Restaurant. Shopping needs are met at Center City Mall and Price Rite Marketplace. The neighborhood's proximity to highways and employment opportunities, such as St. Joseph’s University Medical Center, adds to its appeal.

Home Trends in Downtown Paterson, NJ

Housing Trends

Median Sale Price
$330,000
Median Single Family Sale Price
$220,000
Median 2 Bedroom Sale Price
$220,000
Median 1 Bedroom Sale Price
$239,950
Average Price Per Sq Ft
$333
Number of Homes for Sale
2
Last 12 months Home Sales
19
Months of Supply
1.30
Median List Price
$315,384
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%
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