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Mixed-Use Property with Dedicated Parking
For Sale
$1,350,000

384-390 River St, Paterson, NJ 07524

Eight-unit property combines residential apartments, ground-floor commercial suites, and tenant parking across two lots.

Property SizeContact for details
Days on Market202

Property Features for 384-390 River St

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Commercial

Site & Location

Highway Access Yes
Utilities to Site Yes

Amenities

maintenance-free
modern/open layouts
separate utilities
gas baseboard heat
overhead door
office
parking lot

Building Details

Year Built 1930
Buildings 1
Stories 2
Units 8
Tenancy Multi
Listing Agency: United Real Estate
Listed By: Roberto Sanchez · License #9333908
Source: Betterhomerealestate
Added: Feb 9 Changed: Aug 29 Last Checked: Aug 25 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property contains eight units arranged as four second-floor two-bedroom apartments and four ground-floor commercial suites. The apartments include living rooms, kitchens, bathrooms, separate utilities, and gas baseboard heat. Commercial spaces support a range of established configurations, including an approximately 2,000-square-foot shop with a 12-foot overhead door, a karate and gym space with an office and additional room, a tire shop, and an auto repair shop.

The property includes two lots at 384-386 River St and 386-390 River St, with a dedicated parking area for tenants. Built in 1930, the building is located in Paterson near shopping, NYC transportation, and major highways. The address is 384-390 River St, Paterson City, NJ 07524.

Key Highlights

  • Eight‑unit mixed‑use configuration with 4 residential apartments and 4 ground‑floor commercial suites
  • Four second‑floor two‑bedroom apartments with separate utilities and gas baseboard heat
  • Approximately 2,000 square feet of commercial space with a 12‑foot overhead door

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Restaurant Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,713
Businesses Nearby

Demographics for 07524, NJ

14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Eight-unit property combines residential apartments, ground-floor commercial suites, and tenant parking across two lots.
Where is this mixed-use property located?
The property is located at 384-390 River St Paterson, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Eight‑unit mixed‑use configuration with 4 residential apartments and 4 ground‑floor commercial suites; Four second‑floor two‑bedroom apartments with separate utilities and gas baseboard heat; Approximately 2,000 square feet of commercial space with a 12‑foot overhead door
More about this property
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