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    267 Ellison St Paterson, NJ 07501

    Sponsored
    For Sale
    $1,388,800

    Commercial - Paterson City, NJ

    Property size:
    3,366 SF
    Lot size:
    0.06 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 6 at 11:06 pm

    Property Features for 267 Ellison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    residential
    Rooms
    Basement
    Basement Y/N
    1
    Size
    3,366 SF
    Lot size
    0.06 Acres

    Building Details

    Year built
    1975
    Floors in Building
    3
    Number of units
    9
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    UNITED REAL ESTATE (888) 501-6953 [email protected]

    Listing agent RUNNER BORGES (888) 501-6953

    Listing date Jan 2, 2026

    MLS# 4003248 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Paterson City Multifamily Investment Opportunity

    This fully occupied nine-unit building presents a commercial investment opportunity. The property features separate utilities. Located near highway access, the building is also situated minutes from the hospital, restaurants, retail options, and public transportation. The property offers potential as a value-add investment. The building underwent a complete rehabilitation between 2017 and 2018. The property is zoned for residential use and has a lot size of 0.06 acres. The building's size is 3366 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.16577
    Latitude
    40.91735

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit building with income potential near transportation and amenities.
    Where is this apartment building located?
    The property is located at 267 Ellison St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,388,800.
    What are key features of this property?
    This property features: - Fully occupied 9-unit building providing solid income; - Separate utilities for each unit; - Value-add property with endless potential
    (888) 501-6953
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    267 Ellison St Paterson, NJ 07501
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    Paterson, NJ 07501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    267 Ellison St Paterson, NJ 07501
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