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Residential Income For Sale

14-16 Pearl St, Paterson City, NJ 07501-2221

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Property Description
Excellent opportunity to own a two-family property in a convenient downtown location near the train station. The property features two separate units, one on the first floor and one on the second floor, each offering 2 bedrooms and 1 full bath, along with a fully finished basement providing valuable additional space. The property currently produces a total rent roll of $5,000 per month. All tenants are on month-to-month leases, providing added flexibility for a buyer who may want to occupy one of the units while continuing to collect rental income from the other. Well suited for both an owner-occupant looking to offset housing costs and an investor seeking an income-producing property, this two-family offers a flexible layout, established rental income, and a strong downtown location with convenient access to transportation, shopping, dining, and the train station. This property also qualifies for a low down payment, low interest rate loan as well as down payment assistance for first time buyers. Call the listing office now for more details.
Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4057602
Price:
$499,000
Year Built:
1986
Lot Area:
0.04 Acre
Status:
Active
Office Name:
ALEXANDER ANDERSON REAL ESTATE
Agent Name:
ALEXANDROS MOUZAKITIS
Full Bathrooms:
3
Roof:
Asphalt Shingle
Features
Heating System:
Baseboard - Hotwater, 2 Units
Cooling System:
Window A/C(s)
Basement:
Full, Finished
Architectural Style:
Under/Over
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
NJ
County:
Passaic
City:
Paterson City
Zipcode:
07501-2221
Street:
Pearl St
Street Number:
14-16
Longitude:
W75° 50' 3.9''
Latitude:
N40° 55' 0.1''
Directions:
Summer to Pearl
Additional Information
Lot Size Dimensions:
23 X 72.5
Water Source:
Public Water
Number Of Units Total:
2
Financial
Tax Annual Amount:
9336
Listing Information
List Agent Mls Id:
398618
List Office Mls Id:
2118
Mls Status:
Active
Modification Timestamp:
2026-10-10T03:02:19Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4057602
Lot Area:
0.04 Acre
$499,000
Agent info
Contact Agent

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