89 Market Street, Paterson, NJ 07505

Property Description

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 2 -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.

Listing Status:

Active

Date Added:

December 11, 2025 at 06:00AM

Listing Office:

Serhant New Jersey LLC : 646-480-7665

Listing Agent:

Michael J Reddin : (973) 809-8472

MLS ID:

25042999

Construction

• Roofing: Flat

Location

• County: PASSAIC

This listing courtesy of Michael J Reddin, Serhant New Jersey LLC