14-16 Pearl St Paterson, NJ $ 499,000
14-16 Pearl St
$ 499,000
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14-16 Pearl St

Paterson, NJ, 07501
$ 499,000
Bedrooms4 Baths3.0

Monthly Estimate*

$ 3,446

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Multi-Family Home for sale in Paterson, NJ

for $499,000 with 4 bedrooms and 3 full baths. This home was built in 1986 on a lot size of 0.04.

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.

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Multi-Family Active

Price

$ 499,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,336

Style

Under/Over

Lot Size

0.04

Year Built

1986

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4057602

Features
General
Sewer Public Sewer
Heating 2 Units Baseboard - Hotwater
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession 0-30
Roof Asphalt Shingle
Water Heater Gas
Architectural Style Under/Over
Year Built 1986
Township Paterson City
Tax Year 2025
Gross Income 42800
County Passaic
Net Operating Income 59400
Operating Expense 16600
Total Rooms 10
Full Baths 3
Status Active
Directions Summer to Pearl
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 9336
Drive None
Standard Status Active
Tax Assessed Value 467700
Town # 2508
Tax Lot 4
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Interior
Basement Finished Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 4
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 23 X 72.5
Lot Size Acres 0.04
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* Excluded Features
List By
ALEXANDROS MOUZAKITIS

Listing Agent

Alexander Anderson Real Estate

Broker

Affordability Calculator

$4,224
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,446
Monthly Property Taxes
$778
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$499,000 Listed Price

Map


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14-16 Pearl St, Paterson, NJ, 07501 is a Multi-Family Home for sale at $499,000 with a lot size of 0.04. 14-16 Pearl St has 4 bedrooms, 3.0 baths, and was built in 1986. The property's zip code is 07501 which is in Paterson, NJ