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$499,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 2 days ago
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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.

Full Property Details for 14-16 Pearl St

General

  • Price: $499,000
  • Taxes: $9,336 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4057602
  • Updated: 10/10/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 10

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Location

  • County: Passaic
  • Driving Directions: Summer to Pearl

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 2 Units, Baseboard - Hotwater
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Architectural Style: Under/Over
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Roof: Asphalt Shingles
  • Year Built: 1986
  • Remodeled/Updated: 2010

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Family Room, Kitchen, Living Room
  • Square Feet: 900
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Family Room, Kitchen, Living Room
  • Square Feet: 900
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Dimensions: 23 x 72.5
  • Driveway/Sidewalk: None

Financial Considerations

  • Expenses: Cold Water, Insurance, Maintenance, Taxes
  • Operating Expenses: $16,600
  • Assessment Amount: $365,000
  • Land Assmt: $102,700
  • Tax Amount: $9,336
  • Tax Year: 2025

Disclosures and Reports

  • Block: 4317
  • Lot Number: 4

Listed by Alexander Anderson Real Estate

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Listing agent

— 14-16 Pearl St —

  • Alexander Anderson Real Estate

201-343-6640

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 14-16 Pearl St

School District:Paterson City School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14-16 Pearl St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/10/2026
Listed
$499,000
24.75%
MLS
4/05/2024
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 14-16 Pearl St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,336
—
$467,700
167%
2025
$9,336
15%
$175,000
—
2022
$8,124
11%
$175,000
—
2020
$7,306
3%
$175,000
—
2019
$7,073
—
$175,000
2%
2019
$7,073
-3%
$171,100
1%
2018
$7,294
5%
$168,600
1%
2017
$6,956
2%
$167,200
7%
2016
$6,799
-6%
$156,700
-11%
2015
$7,259
-18%
$176,700
-45%
2013
$8,882
—
$323,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 14-16 Pearl St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Alexander Anderson Real Estate

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14-16 Pearl St, Paterson, NJ 07501 (MLS# 4057602) is a Multi-Family property with 2 units containing 4 bedrooms and 3 full bathrooms. 14-16 Pearl St is currently listed for $499,000 and was received on October 10, 2026. Want to learn more about 14-16 Pearl St? Do you have questions about finding other Multi-Family real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

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