14-16 Pearl St
Paterson City, NJ 07501
Price: $499,000
GSMLS: 4057602Type: Multi-Family
Style: Under/Over
Total Units: 2
Beds: 4
Baths: 3 Full
Garage: No
Year Built: 1986
Acres: 0.04
Property Tax: $9,336
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.
General Info
Style:
Under/Over
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Finished, Full
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
23 X 72.5
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
None
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Family Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,RgOvGas,SmokeDet
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Family Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,RgOvGas,SmokeDet
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$499,000
Tax Amount:
$9,336
Land Assessment:
$102,700
Build. Assessment:
$365,000
Total Assessment:
$467,700
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4057602
List Date:
10-07-2026
Days On Market:
1
Listing Broker:
ALEXANDER ANDERSON REAL ESTATE
Listing Agent:
Alexandros Mouzakitis
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
