89 Market St Paterson, NJ 07505
Downtown Paterson NeighborhoodEstimated payment $6,805/month
About This Home
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 1-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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $18,545
Home Design
- Flat Roof Shape
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 | $18,546 | $364,000 | $136,300 | $227,700 |
| 2024 | $20,298 | $364,000 | $136,300 | $227,700 |
| 2022 | $19,218 | $414,000 | $136,300 | $277,700 |
| 2021 | $18,531 | $414,000 | $136,300 | $277,700 |
| 2020 | $17,285 | $414,000 | $136,300 | $277,700 |
| 2019 | $17,115 | $414,000 | $136,300 | $277,700 |
| 2018 | $17,057 | $394,300 | $136,300 | $258,000 |
| 2017 | $16,403 | $394,300 | $136,300 | $258,000 |
| 2016 | $17,399 | $401,000 | $136,300 | $264,700 |
| 2015 | $16,473 | $401,000 | $136,300 | $264,700 |
| 2014 | $9,918 | $342,000 | $118,000 | $224,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2025 12/11/25 | For Sale | $999,999 | -- | -- |
Source: New Jersey MLS
MLS Number: 25042999
APN: 08-04605-0000-00011
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