331 Market St Paterson, NJ 07501
Eastside NeighborhoodEstimated payment $4,451/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 $1,700, while the second features 4 bedrooms is currently rented for $2,700, 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 |
|---|---|---|---|---|---|
| 03/30/2026 03/30/26 | Price Changed | $639,000 | -1.7% | -- | |
| 03/02/2026 03/02/26 | 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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: 26006659
APN: 08-04321-0000-00024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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