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$1,700,000

  • For Sale
  • Active
  • Retail
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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 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
  • Added to Site: 225 day(s) ago

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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Listing agent

— 153-155 Ellison St —

  • Nicholas Real Estate Agency

973-340-1202

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 153-155 Ellison 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 153-155 Ellison St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/22/2026
Price Reduced
$1,700,000
-14.57%
MLS
12/02/2025
Price Reduced
$1,990,000
-20.4%
MLS
8/21/2025
Listed
$2,500,000
216.46%
MLS
3/22/2023
Sold
$790,000
—
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 153-155 Ellison St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$50,823
10%
$997,500
—
2022
$46,304
4%
$997,500
—
2021
$44,648
9%
$997,500
5%
2018
$41,097
—
$950,000
-5%
2019
$41,237
-15%
$997,500
-14%
2017
$48,439
-4%
$1,164,400
—
2016
$50,523
6%
$1,164,400
—
2015
$47,834
58%
$1,164,400
6%
2013
$30,184
—
$1,100,000
—
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 153-155 Ellison 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

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Listed by Nicholas Real Estate Agency

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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.

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