For Sale124d on marketHistoric · 116 yrs
89 Market St #0
Paterson, NJ, 07505 • Downtown • Passaic County
$999,999
Down payment assistance available
5Baths
0.06 acLot
1910Built
Property DNA
Character Home
Built 1910 · 116 years of history
Market activity
Demand and pricing signals for this listing
44 views
People checking out this listing
1 saves
Buyers have saved this home
124 days on market
Established listing
About this home
Apartment · Built 1910 · Historic
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.
Estimated monthly payment
Based on current rates
$6,193/month
Principal & Interest$4,860
Property Tax$1,000
Insurance$333
Down payment20% ($200,000)
3%50%
Est. 6.12% rate · 30yr fixed · $799,999 loan
Full calculator →At a glance
Key facts and listing details
TypeApartment
Year Built1910
Heating4+ Units, Baseboard - Hotwater, Natural Gas
CoolingWindow Unit(s)
ParkingNone
Days on Zillow124 Days
Property
Home typeApartment
Sub-typeApartment
Year built1910
Stories3
Systems
Heating4+ Units, Baseboard - Hotwater, Natural Gas
CoolingWindow Unit(s)
RoofFlat,Rubber
ConstructionBrick/Block, Wood
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingNone
BasementYes,Bilco-Style Door,Full,Storage Space,Unfinished
Lot2,613 sqft
Location & Tax
NeighborhoodDowntown
Annual tax$18,545
Parcel2508046050000000110000
Features & details
8 categories of property features
Interior Features
Heating
4+ Units
Baseboard - Hotwater
Natural Gas
Cooling
Window Unit(s)
Exterior Features
Parking
None
Construction
Brick/Block
Wood
Lot Features
Level
Business District
Utilities
Electricity Connected
Natural Gas Connected
Gas
Gas-Natural
Other Equipment
Appliances
Listing insights
Market data and value estimates
StatusFor Sale
Days on market124
Est. rent$3,314/mo
Tax rate2.28%
On marketDec 11, 2025
PostedDec 11, 2025
MLS statusActive
MLS updatedDec 12, 2025
Tour days6
Views44
Favorites1
How are the schools in Paterson?
2 schools rated nearby
Location
Paterson, NJ, 07505
Price history
1 event
DateEventPrice$/sqftSource
Dec 11, 2025Listed For Sale$999,999—GSMLS
Listed For Sale$999,999
Dec 11, 2025•GSMLS
Nearby homes
Neighborhood details
Local context around this listing
Paterson, NJ • Passaic County
Nearby neighborhoods
DowntownEastsideHillcrestNorthsidePeople's ParkRiversideSandy HillSouth PatersonTotowaWrigley Park
Nearby cities
CliftonHawthorneLittle FallsPassaicPatersonRingwoodWanaqueWayne
Nearby zip codes
07501075020750307504075050750907513075140752207524
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