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 (to be rented for $1600). 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:

April 30, 2026

Data Last Updated:

May 10, 2026 at 2:00PM

Listing Office:

Serhant New Jersey LLC : 646-480-7665

Listing Agent:

Michael J Reddin : (973) 809-8472

MLS ID:

26015448

Interior

• Heating: BaseboardGasHot WaterMulti-Zone

Location

• County: PASSAIC

Utilities

• Utilities: Sep ElecSep GasSeperate HeatSep Water

Financial

• Ownership: CorporatePrivate