331 Market St Paterson, NJ 07501
Eastside NeighborhoodEstimated payment $4,399/month
About This Home
Versatile mixed-use property featuring two residential apartments and a commercial storefront. The first apartment offers 2 bedrooms could be rented for $1800, while the second features 4 bedrooms is currently rented for $2700, both providing excellent rental income potential. In addition, the ground-floor commercial store is can be rented for $3000, ensuring immediate cash flow for the new owner.Located in a high-demand area with strong rental market, this property is ideal for investors seeking steady income and long-term value. Conveniently situated near shopping, dining, transportation, and major highways.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,917
Lot Details
- 3,241 Sq Ft Lot
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 24 / 4321
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,917 | $233,900 | $66,400 | $167,500 |
| 2024 | $11,468 | $233,900 | $66,400 | $167,500 |
| 2022 | $10,858 | $233,900 | $66,400 | $167,500 |
| 2021 | $10,469 | $233,900 | $66,400 | $167,500 |
| 2020 | $9,765 | $233,900 | $66,400 | $167,500 |
| 2019 | $9,306 | $225,100 | $66,400 | $158,700 |
| 2018 | $8,756 | $202,400 | $66,400 | $136,000 |
| 2017 | $7,991 | $192,100 | $66,400 | $125,700 |
| 2016 | $8,335 | $192,100 | $66,400 | $125,700 |
| 2015 | $7,891 | $192,100 | $66,400 | $125,700 |
| 2014 | $8,364 | $288,400 | $88,000 | $200,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2025 12/05/25 | For Sale | $650,000 | +25.0% | -- | |
| 05/13/2024 05/13/24 | Sold | $520,000 | 0.0% | -- | View Prior Sale |
| 04/08/2024 04/08/24 | Pending | -- | -- | -- | |
| 04/08/2024 04/08/24 | For Sale | $520,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $520,000 | Sunnyside Title | |
| Bargain Sale Deed | $520,000 | Sunnyside Title | |
| Deed | $240,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $510,581 | FHA | |
| Closed | $510,581 | FHA | |
| Previous Owner | $235,000 | FHA |
Source: New Jersey MLS
MLS Number: 25042468
APN: 08-04321-0000-00024
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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