242-244 Main
paterson, NJ 07505$1,359,000
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Solid 6 Story Mixed-use building, 1Retail, five apartments, located on Main St., the busiest street in Paterson. This building has great potential to increase income. The current rent is below the market value. Current income is $119,400. Each floor is $1800 Sqft. Huge size. You can make a 3-bed apartment on each floor. This building has true value. The potential income will exceed $200,000. Section 8 in Paterson for a 3-bed $2550. Retail ( Cell phone store), four(4) apartments are updated. Separated heating, the 6th floor is vacant. Full basement.
Details
Commercial
$35,679 Annual Tax
MLS/Listing ID 25034363
Amenities & Features
Heating - Gas
Heating - Baseboard
Source of Data: NEW JERSEY MLS
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Douglas Elliman of NJ are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 10/19/2025.
Source: New Jersey Multiple Listing Service, Inc.
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