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Downtown Paterson Multifamily Homes & Duplexes for Sale

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  • /18

    $625,000

    • 7 Beds
    • 4 Baths

    116 Marshall St, Paterson, NJ 07501

    4 Family, 2 2 family houses on one lot. Great investment property. The front property offers 1 bedroom, 1 bathroom on the first floor and 2 bedrooms, 2 bathrooms on the second floor. The back property offers 2 bedrooms, 2 bathrooms on the first floor and 2 bedrooms and 2 bathrooms on the 2nd floor. Leases are up on March 31st and are on a month to month basis thereafter Separated utilities,

    Agent Photo

    Francis Sullivan, 3rd

    HOWARD HANNA RAND REALTY

    (862) 397-7661

    116 Marshall 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
$486,679
Median Single Family Sale Price
$340,000
Median Townhouse Sale Price
$486,679
Average Price Per Sq Ft
$612
Number of Homes for Sale
1
Last 12 months Home Sales
14
Months of Supply
0.90
Median List Price
$349,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
50%
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