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4 Beds
3 Baths
1,800 sqft

$499,000

14-16 Pearl St, Paterson City NJ, 07501

Price per sqft$277.22
Built in1986
Property size1,800 sqft
Property typeMulti-family

Overview

Active

Listed Oct 7, 2026

Updated 1h ago

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.

$3,320/mo

Est. mortgage payment based on a $499,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4057602

Interior Features

Bedrooms
4
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$9,336
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of ALEXANDER ANDERSON REAL ESTATE with ALEXANDROS MOUZAKITIS,
Listing Contact: 2013436640 

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