Recently Listed Open House 5/17 12pm - 2pm
215-217 16th Street
Paterson, NJ, 07524 $ 899,999
Bedrooms11 Baths5.0 Monthly Estimate*
$ 5,541
for $899,999 with 11 bedrooms and 5 full baths.
Well-maintained multi-family investment property featuring three residential units plus a fully finished walkout basement with additional living space. All units offer spacious, well-proportioned layouts with separate living and dining rooms, providing strong rental functionality and comfortable living space. Unit 1 features 3 bedrooms, 1 full bath, a spacious living room, dining room, and kitchen. Unit 2 offers 3 bedrooms, 1 full bath, with a spacious living room, dining room, and kitchen layout. Unit 3 includes 3 bedrooms, 1 full bath, living room, dining room, and kitchen, offering a functional layout with generous space. The fully finished walkout basement includes 2 bedrooms, 2 full baths, and also features a living room, dining area, and kitchen. Property features a long driveway with two-car wide parking. Each unit has separate utilities. Tenants will remain in place at closing, allowing for immediate rental income. According to seller representation and DCA records, the property is registered and inspected as a 3-unit dwelling. Buyer is responsible for verifying legal use, zoning, and occupancy with the municipality. Strong income-producing property with stable rental structure and long-term appreciation potential. Property is being sold strictly in as-is condition. Showing at Open House Sat 5/16 & Sun 5/17 12-2pm
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Open House
5/17/2026 12:00 PM - 2:00 PM
215-217 16th Street Paterson, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralUtilities Electricity Connected Natural Gas Connected Sep Heat
Architectural Style 3 Family
Rooms None
County PASSAIC
Property Type 2-4 Family
HOA N
MaintenanceExpense 0.0
Total Rooms 20
Full Baths 5
Status Active - Active
City Paterson
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details 1950's Build Prior to 1978
Tax Annual Amount 13935.0
Lease Considered Y/N N
Standard Status Active
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InteriorHeating Y/N N
Half Baths 0
Total Bedrooms 11
Total Baths 5
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,541
- Monthly Property Taxes
- $1,161
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Paterson, NJ
Average List Price $664,765
Percent of Sale Price 26%
About Paterson, NJ 148,635 Population
0% Since 2002
$ 36,191 Median Income
34.64 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/13/2026 | $899,999 | | Listed Price |