231 Market St, Paterson, NJ, 07505
About This Home
Exceptional investment opportunity in the heart of Paterson! This fully occupied mixed-use building at 231 Market Street offers immediate cash flow and long-term upside for the savvy investor. The property features nine well-maintained one-bedroom residential units, all currently rented, providing stable and consistent income. The ground floor is occupied by an established furniture retail store, adding a strong commercial component and additional revenue stream. This prime location benefits from high foot traffic, excellent visibility, and close proximity to major highways, public transportation, shopping, and dining. With 100% occupancy, this turnkey asset is ideal for investors seeking a performing property with minimal downtime. Whether you're expanding your portfolio or entering the mixed-use market, this property delivers both stability and growth potential. Offered at $3,100,000. Don't miss this rare opportunity to own a high-performing mixed-use property in a thriving urban location.
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Materials
- Roof: See Remarks
Type & Style
- Home type: Apartment
- Property subType: Mixed Use
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
- Cold Wave
- Earthquake
- Hurricane
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,422 | $185,064 |
| Home Insurance * | $877 | $10,524 |
| Property Taxes | $5,744 | $68,928 |
| Electricity | $193 | $2,318 |
| Total | $22,236 | $266,832 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $3,050,000 |
| 2026-04-23 | Listed for sale | $3,100,000 |
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