Paterson Homes under $1.5 million

Welcome to Paterson, New Jersey – a vibrant city nestled in Passaic County, rich in history and bursting with character. Known as the "Silk City" for its influential role in the silk industry during the 19th century, Paterson boasts a unique blend of cultural diversity, historical landmarks, and modern conveniences. With its stunning Great Falls, one of the nation's largest waterfalls, and a plethora of parks and recreational areas, Paterson offers residents a perfect balance of urban living and natural beauty.

For those seeking a home in this dynamic city, Paterson presents an array of options under $1.5 million, making it an accessible choice for families, young professionals, and investors alike. Whether you're drawn to charming single-family homes, spacious townhouses, or modern condos, you’ll find properties that cater to a variety of lifestyles and budgets. Many homes feature updated amenities, beautiful gardens, and proximity to excellent schools, making it an ideal location for raising a family.

Living in Paterson means enjoying easy access to a rich tapestry of cultural experiences, including diverse dining options, local art scenes, and community events. The city's strategic location also provides convenient transportation links to New York City and beyond, making it a perfect choice for commuters.

Discover the charm of Paterson, where history meets modern living, and find your dream home today! With homes available under $1.5 million, your ideal lifestyle awaits in this remarkable city.

Newest Paterson Homes under $1.5 million

$289,000

1 Beds ⋅ 1 Baths ⋅ The Loft Commons BLDG.

Welcome to The Loft Commons in South Paterson, where NYC-inspired loft living meets everyday convenience. This One-Bedroom, One-Bath condo features 15 foot ceilings, exposed brick, oversized windows and an open layout filled with natural light. The recently renovated kitchen adds a fresh, modern touch, featuring striking dark Dekton countertops. Their sleek finish complements the loft's industrial details, while the durable, easy-to-maintain surface makes the kitchen practical as it is beautiful. Enjoy access to NYC- bound transportation and route 80 and 46, plus South Paterson's vibrant Middle Eastern and Mediterranean dining scene. A rare opportunity to experience a distinctive loft in a location that connects you to it all.

366-382 Trenton Unit 4G, Paterson

Listing courtesy of Listing Agent: Melina M. Salazar () from Listing Office: Realty One Group Legend, Clifton.

$730,000

8 Beds ⋅ 5 Baths

Excellent opportunity for owner-occupants or investors! This well-maintained East Side Paterson property features 8 spacious bedrooms, 5 updated bathrooms, separate utilities, and functional layouts designed to maximize rental potential. Enjoy updated interiors, a fenced front yard, and close proximity to Route 80, Route 20, NJ Transit, shopping corridors, laundromats, schools, and everyday conveniences. Located within Paterson's Eastside Redevelopment District.

363-365 Summer St, Paterson

Listing courtesy of Listing Agent: () from Listing Office: Keller Williams Prosperity Realty.

$1,299,000

Mix-Used property. Store+ 5 Apartments (LR/DR/EIK/2BRS/Bath each unit)

350 23rd St, Paterson

Listing courtesy of Listing Agent: Carlos Tome () from Listing Office: United Real Estate.

$549,900

3 Beds ⋅ 3 Baths

This well maintained SF home offers the perfect combination of space, functionality and convenience. Located in the Lakeview section of Paterson and easy access to major highways, shopping centers, and public transportation. One of the home's standout features is its oversized detached garage. Much more than just a place to park your vehicles, this versatile space is perfect to be used as storage, warehouse, or countless other legal possibilities. The property sits on an exceptionally deep 150-foot lot, offering approximately 50 feet more depth than the typical neighborhood lot. Convenient access to Route 80, Route 19, Route 20, the Garden State Parkway, and other major highways, making commuting throughout North Jersey and into New York City simple.

254-256 Illinois Ave, Paterson

Listing courtesy of Listing Agent: Alexis Guilliani () from Listing Office: Century 21 A.G. Realty Group.

$550,000

5 Beds ⋅ 2 Baths

Excellent opportunity to purchase a 2 family in a highly desirable section of Paterson. Fully VACANT with HUGE upside potential. Large back yard. 3 bedrooms on first floor, 2 bedrooms on second floor. HUGE unfinished BASEMENT.

81 George St, Paterson

Listing courtesy of Listing Agent: Elias Christodoulakis () from Listing Office: Prominent Properties Sotheby's International Realty-Westfield.

$636,000

5 Beds ⋅ 2 Baths

Welcome to 417-419 East 40th Street, a spacious 5-bedroom, 2-bath home in Paterson with the updates and features buyers want. The main floor has a comfortable living room, a formal dining room for family dinners and holidays, and an eat-in kitchen with room for everyday meals. The sun room/den adds flexible space you can use as a home office, playroom, or a bright place to unwind. All five bedrooms are on the second and third floors, keeping sleeping areas private and separate from the main living space. That layout works well for large or multi-generational families. One bathroom has been partially updated. The finished basement gives you more living space for a family room, gym, or guest area. The new roof means peace of mind for years to come. Off-street parking is a real plus in Paterson, and this home has both a driveway and a garage. The location is convenient to local shops, schools, parks, and major commuter routes, with easy access to Routes 20, 80, and the Garden State Parkway. Only 30 minutes away from New York City. Space, parking, and a new roof make this one worth seeing. Schedule your private showing today!

417-419 40th St, Paterson

Listing courtesy of Listing Agent: Jorge Aviles () from Listing Office: Prominent Properties Sotheby's International Realty-Englewood Cliffs.

$549,000

2 Beds ⋅ 2 Baths

Duplex investment opportunity! Renovated in 2022, the property features two identical 1-bedroom, 1-bathroom units. Live in one unit and rent the other. Value-added potential with partially finished attic and basement. Large detached garage and driveway. Conveniently located near public transportation, shopping, and major commuter routes.

210-212 Temple St, Paterson

Listing courtesy of Listing Agent: Amalie Thomas () from Listing Office: Amalie Industries LLC.

$475,000

4 Beds ⋅ 3 Baths

Adorable Cape, definitely not a drive-by! Much larger than it appears from the street, this spacious home offers 4 bedrooms, 3 full bathrooms, and a fully finished basement on a 50 x 97 lot. The welcoming entry leads to a bright, cozy living room with an open flow into the dining area and kitchen, creating a comfortable space for everyday living and entertaining. The first floor features two generously sized bedrooms and a full bathroom. Upstairs, you will find two additional spacious bedrooms and another full bathroom. The finished basement adds valuable living space, featuring high ceilings, a large family room, summer kitchen, third full bathroom, and bonus room adjoining the utility and laundry area. This flexible space is ideal for storage, an office, recreation, or guests. Additional features include hardwood floors, central air conditioning, forced hot-air heat, a newer furnace, and a newer hot water heater. Enjoy the large backyard, perfect for gatherings, barbecues, entertaining, or relaxing outdoors. A large storage shed provides added convenience, while the covered side area offers comfortable outdoor space even on rainy days. The property also includes a driveway and is conveniently located near major highways, transportation, bakeries, restaurants, shopping, and other neighborhood amenities. With 4 bedrooms, 3 full bathrooms, a finished basement, driveway, and large backyard, this home is definitely worth seeing in person!

275-279 Dakota St, Paterson

Listing courtesy of Listing Agent: Ana M. Oti () from Listing Office: The Bixler Group, LLC.

$780,000

7 Beds ⋅ 4 Baths

Welcome to this well-maintained two-family home offering a versatile layout and excellent potential for both owner-occupants and investors. This property features two separate residential units, providing flexibility for extended family living or rental income. The home also includes a two-car garage, offering valuable off-street parking and additional storage. A finished attic provides extra usable space that can serve as a home office, recreation area, or storage, while the partially finished basement offers additional room with plenty of potential to customize according to your needs. Conveniently located in Paterson, the property is close to local shopping, dining, schools, public transportation, major roadways, and everyday amenities. Sold AS IS.

278 18th Ave, Paterson

Listing courtesy of Listing Agent: Alberto Sanchez () from Listing Office: Prestige Property Group - Montclair.

$525,000

4 Beds ⋅ 2 Baths

123 Wayne Ave, Paterson

Listing courtesy of Listing Agent: Gloria I. Gibbs () from Listing Office: Berkshire Hathaway Home Services Jordan Baris Realty - West Orange.

$365,000

2 Beds ⋅ 2 Baths

15 Boulder Run Rd, Paterson

Listing courtesy of Listing Agent: Ataullah Barnes () from Listing Office: Realty One Group Prodigy.

$449,999

6 Beds ⋅ 2 Baths

Your investment search ends here! Great investment opportunity in Paterson's Northside section! This recently updated two-family home offers a total of 6 bedrooms and 2 full bathrooms with updated flooring throughout both units.Unit 1 features 2 bedrooms, 1 full bathroom, updated finishes, and laminate flooring throughout. Currently rented for $1,800/month and scheduled to be delivered vacant by the end of September.Unit 2 features 3 bedrooms, 1 full bathroom, spread across two floors, with updated finishes and laminate flooring throughout. Currently rented for $1,880/month.Both units are currently occupied and will be month-to-month by the end of August, offering flexibility for an investor. Combined current rental income is $3,680/month.Conveniently located in Paterson's Northside section, close to local amenities, shopping, transportation, and major roadways. Property is being sold strictly AS-IS and is located in a flood zone.

39 Hillman St, Paterson

Listing courtesy of Listing Agent: Leonardo Tatis () from Listing Office: Keller Williams Village Square Realty.

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Source: New Jersey Multiple Listing Service, Inc.
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