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$1,700,000 -$290,000 (-14.57%) Price Reduced
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Property Description
9 units building in the Heart and desirable downtown Paterson with many updates. 9 Units consist of 5 residential apartments and 4 commercials. Just recently obtain green card. No jostle just collect rent. There are 1 empty unit just waiting to be rented as you wish. Most of the tenants are a month to month. 1 unit 3 Bedrooms, 2 units are 2 bedrooms and 2 units 1 bedrooms. All of the apartments are huge in sizes. This is a true and very good investment
Full Property Details
Full Property Details for 153-155 Ellison St
General
- Price: $1,700,000
- Taxes: $48,907 (2023)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 3982663
- Updated: 1/22/2026
Property History
- 153-155 Ellison St, Paterson, NJ
- Price Reduced $1,700,000 on 1/22/26
- Price Reduced $1,990,000 on 12/2/25
- Listed $2,500,000 on 8/21/25
Business
- Includes: Building & Land
Rental Information
- Lease/Rent Term: Net
- Lease Includes: Building Insurance, Building Maintenance, Common Area Maint, Sewer, Taxes, Water
- Lease Terms: 1 Year Minimum, 3-5 Year Minimum
Interior
- Flooring: Laminate, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 9
- Restrooms: 9
Additional Information
- Equipment: Appliances, Fire Alarm, Smoke Detector
Parking
- Parking: None
Location
- County: Passaic
- Driving Directions: Between Colt St and Church St
- Location Details: Business District
Heating & Cooling
- Cooling Type: 1 Unit, Central Air Conditioning
- Heating Type: 2 Units, Radiant - Electric
- Heating Fuel: Electric, Natural Gas, Oil Tank Above Ground - Outside
Utilities
- Sewer: Public Sewer, Sewer Charge Extra
- Water: Public Water, Water Charge Extra
- Utility Description: All Underground, Electric
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Finished-Partially, Full
- Roof: Flat, Rubberized
- Ceiling Height: 11
- Door Dimensions: 80
- Loading: None
- Stories in Building: 3
- Square Feet: 5,300
- Aprox. Leasable: 5,300 Sq. Ft.
- Office: 3,000 Sq. Ft.
- Year Built: 1900
Unit Information
- 1 Bedroom Units: 2
- 2 Bedroom Units: 2
- 3 Bedroom Units: 1
- Units w/Full Bath: 6
- Units w/Half Bath: 3
Lot Features
- Lot Size (Acres): 0.12
- Lot Size: 50X106
- Zoning: commercial
- Lot Description: Level Lot
Financial Considerations
- Price Per Sq. Ft.: $15
- Expenses: Electricity, Gas/Oil, Insurance, Maintenance - Interior, Taxes, Water/Sewer
- Operating Expenses: $70,200
- Assessment Amount: $997,500
- Land Assmt: $257,100
- Tax Amount: $48,907
- Tax Year: 2023
- Owner Pays: Hot Water, Maintenance-Common Area, Repairs, Sewer, Water
- Tenant Pays: Cable T.V., Electric, Heat
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Financial Statement, Income & Expenses
- Disclosures: Yes
- APN: 2508-04407-0000-00014-0000-
- Block: 4407
- Lot Number: 14
Listed by Nicholas Real Estate Agency
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Schools
Schools serving 153-155 Ellison St
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
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Estimate the Cost for 153-155 Ellison St
153-155 Ellison St, Paterson, NJ 07505 (MLS# 3982663) is a Retail property. 153-155 Ellison St is currently listed for $1,700,000 and was received on August 21, 2025. Want to learn more about 153-155 Ellison St? Do you have questions about finding other Retail real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

