Paterson City Homes under $500,000

Welcome to Paterson City, New Jersey – a vibrant community nestled in Passaic County, known for its rich history, diverse culture, and stunning natural beauty. Often referred to as the "Silk City" due to its historical significance in the silk industry, Paterson boasts a unique blend of urban energy and picturesque landscapes. With its scenic waterfalls and lush parks, the city offers a refreshing escape right in the heart of the city.

For those seeking a home in this dynamic area, Paterson City presents an incredible opportunity with a variety of charming residences available for under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Paterson offers an array of options to suit every lifestyle. From cozy single-family homes with classic architectural details to modern townhouses with contemporary finishes, you'll find properties that meet your needs without breaking the bank.

Living in Paterson means enjoying convenient access to a wealth of amenities. The city is home to numerous parks, including the stunning Great Falls National Historical Park, where you can explore nature trails and enjoy breathtaking views. Paterson’s diverse dining scene offers a taste of global cuisine, while local shops and markets provide a vibrant shopping experience.

With excellent public transportation options and close proximity to major highways, commuting to nearby cities like New York City is a breeze. Embrace the charm of Paterson City, where community, culture, and affordability come together to create a perfect place to call home. Explore the possibilities today!

Newest Paterson City Homes under $500,000

$479,900

6 Beds ⋅ 2 Baths

Great investment opportunity in an urban location! This two-family home offers two spacious units, each featuring 3 bedrooms. An excellent opportunity for an investor or owner-occupant looking to build equity and maximize potential. Conveniently located near local amenities, transportation, and shopping.

270 Hamilton Ave, Paterson City

Listing Courtesy Of GENSTONE II LLC., Contact: 973-604-7600

$200,000

1 Beds ⋅ 1 Baths

Welcome to 245 Edmund Avenue, Unit 3, in Paterson! This 1-bedroom, 1-bath condominium offers approximately 717 sq. ft. of comfortable, single-level living space. The unit features a living room, dining area, kitchen equipped with a refrigerator, electric range, and microwave, plus a primary bedroom and full bathroom. A standout feature is the convenience of 2 assigned parking spaces. The HOA fee includes water and garbage services, and pets are permitted. Conveniently located near shopping, schools, and public transportation, this condo is a great opportunity for buyers seeking comfortable, low-maintenance living. Schedule your showing today!

245 Edmund Ave, Paterson City

Listing Courtesy Of REALTY ONE GROUP LEGEND, Contact: 973-271-1666

$499,000

3 Beds ⋅ 2.1 Baths

Your chance to own this beautifully maintained single-unit home has arrived! Offering 3 bedrooms and 2.5 bathrooms, it features gleaming hardwood floors throughout and a full basement with plenty of room for storage, a home gym, or whatever you need. Step outside to an enclosed patio, a wooden deck, and a private yard, ideal for morning coffee, weekend barbecues, or simply unwinding after a long day. With two garages plus an additional parking space, you'll never worry about where to park. Move-in ready and full of charm, this one won't last. Schedule your showing today!

430 E 28Th St, Paterson City

Listing Courtesy Of PRESTIGE PROPERTY GROUP MONTCLAIR, Contact: 973-860-7595

$460,000

3 Beds ⋅ 2.1 Baths

Welcome to this fully renovated ranch, updated in 2020, featuring 3 bedrooms, 3 bathrooms, a front porch, and a backyard. The open concept layout includes a modern kitchen with stainless steel appliances and laminate flooring. The second-floor primary suite offers a private full bathroom. The fully finished basement provides additional living and recreational space, including a private side entrance. Additional features include central air conditioning and a convenient location near Anthony Lucas Park, local schools, and NYC transportation.

87 E 17Th St, Paterson City

Listing Courtesy Of REALTY EXECUTIVES EXCEPTIONAL, Contact: 973-477-5904

$159,000

1 Beds ⋅ 1 Baths

NYC-Style Living with Exceptional Amenities! Enjoy the convenience and comfort of this impressive building featuring 24/7 doorman service, a deeded parking space, elevator, large outdoor pool with sun deck and grill, fitness center, community room, and on-site laundry. The spacious open floor plan offers a kitchen, living room, dining area, bedroom, full bath, and walk-in closets, all complemented by beautiful sunset views. All utilities are included, adding to the value and convenience. Whether you're looking to stop renting and own your own home or seeking an investment opportunity, this property is worth a look. Close to major highways, shopping and restaurants. Selling "as-is"Please note: The building is non-warrantable.

39 E 39Th St., 7G, Paterson City

Listing Courtesy Of COLDWELL BANKER REALTY, Contact: 973-714-8975

$360,000

4 Beds ⋅ 2 Baths

11 N Bridge St, Paterson City

Listing Courtesy Of KELLER WILLIAMS CITY VIEWS REALTY, Contact: 347-263-6767

$230,000

1 Beds ⋅ 1 Baths

Welcome to this bright and spacious corner loft-style condo in the desirable Hillcrest section of Paterson, NJ! This 1-bedroom, 1-bathroom home offers approximately 1,100 square feet of comfortable living space. Located on the 3rd floor, this corner-unit loft features large windows with excellent natural sunlight exposure, creating a warm and inviting atmosphere. Enjoy the convenience of central air and heat, elevator access, and a pet-friendly building. The property also allows you to rent the unit for market value, and includes one deeded parking space, providing added convenience and value. With its open loft-style layout, generous living space, abundant natural light, and desirable amenities its the perfect unit to call home.

105 Marion St, Paterson City

Listing Courtesy Of KELLER WILLIAMS TEAM REALTY, Contact: 973-907-4692

$379,999

4 Beds ⋅ 2.1 Baths

Welcome to this two-family home, offering two bedrooms and one full bath on each level. The first floor features beautiful hardwood floors, while the second floor offers additional living space with an enclosed porch. The finished attic provides two separate rooms, offering excellent flexibility for a home office, guest space, storage, or additional living area. Enjoy the privacy of a fenced-in yard, perfect for outdoor entertaining or relaxing. A newer roof adds peace of mind, and the convenient location is close to transportation, making commuting a breeze. This is a great opportunity for an owner-occupant or investor!

580 Madison Ave, Paterson City

Listing Courtesy Of C-21 GEMINI, LLC., Contact: 973-696-1111

$499,000

4 Beds ⋅ 3 Baths

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.

14 Pearl St, Paterson City

Listing Courtesy Of ALEXANDER ANDERSON REAL ESTATE, Contact: 201-343-6640

$469,900

5 Beds ⋅ 3 Baths

2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.

94 Manchester Ave, Paterson City

Listing Courtesy Of EXP REALTY, LLC, Contact: 973-250-9974

$399,000

5 Beds ⋅ 1 Baths

Welcome to this spacious single-family home located on Paterson?s desirable East Side! Offering an impressive amount of living space, this home is filled with potential and ready for its next owner to bring their vision to life. Features include a huge yard, generously sized rooms, and hardwood floors believed to be under the existing carpeting. The home does need updating, TLC, and a new heating system, making it a great opportunity for buyers looking to customize a property to their taste. With its size, location, and possibilities, this home is a true diamond in the rough!

362 E 30Th St, Paterson City

Listing Courtesy Of ELITE REALTORS OF NEW JERSEY, Contact: 201-952-0881

$342,500

2 Beds ⋅ 2 Baths

Move -in ready, ground-floor unit in sought-after Garret Heights with amazing mountain and skyline views! Features an eat-in kitchen, newer oven and microwave (2023) and breakfast bar. Formal Dining Room with sliders to private patio, where you can experience breath-taking views. Cozy Living Room with wood burning fireplace, spacious Primary Bedroom with 2 large closets and a primary bathroom complete w/ Jacuzzi tub and a separate stall shower. Good sized second bedroom offers ample storage with its deep walk-in closet. Laminate flooring, new water heater (2024), newer HVAC system (2023) and in-unit laundry. Walk to Garret Mountain Reservation. Close to highways, shopping, and transportation. All appliances included. Pet friendly. 2 Pets allowed, $50/year per dog. Sold as-is including chimney and fireplace. No known issues. NOT FHA Approved. Priced aggressively to move!

62 Amethyst Ln, Paterson City

Listing Courtesy Of C-21 GOLD PROPERTIES REALTY, Contact: 973-595-1500

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board logo The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Century 21 AG Realty Group are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: . Source: New Jersey Multiple Listing Service, Inc. “2026 New Jersey Multiple Listing Service, Inc. All rights reserved.”

Paterson City Homes under $500,000

Newest Paterson City Homes under $500,000

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