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122 16Th Ave Paterson, NJ $ 1,250,000
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$ 1,250,000 Get more info
122 16Th Ave
$ 1,250,000
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122 16Th Ave

Paterson, NJ, 07501
$ 1,250,000
Bedrooms10 Baths7.1 Sq 3,513

Monthly Estimate*

$ 7,696

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Multi-Family Home for sale in Paterson, NJ

for $1,250,000 with 10 bedrooms and 7 full baths, 1 half bath. This 3,513 square foot home was built in 1925 on a lot size of 0.03.

Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

10

Full Bath

7

Half Bath

1

Property Type

Multi-Family

Taxes

$ 20,481

Style

Lot Size

0.03

Year Built

1925

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4034158
Features
General
Sewer Public Sewer
Heating 4+ Units
Cooling See Remarks
Utilities See Remarks
Possession at closing
Roof Asphalt Shingle
Zoning RA-2
Architectural Style See Remarks
Year Built 1925
Township Paterson City
Tax Year 2025
Gross Income 0
County Passaic
Net Operating Income 0
Operating Expense 0
Total Rooms 16
Full Baths 7
Status Active
Directions Turn right onto Market St. from Memorial Drive then left onto 16th Ave. Carrall St. will be on your right at the corner.
Open Parking Spaces 0
Number Of Units Total 4
Tax Annual Amount 20481
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 665400
Town # 2508
Tax Lot 12
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Interior
Basement Finished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 2.0
Unit 3 Beds Total 3
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Fuel Type Gas-Natural
Half Baths 1
Total Bedrooms 10
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Exterior
Water Source Public Water
Exterior Description Brick Vinyl Siding
Building Area Total 3513
Lot Dimensions 25X60
Lot Size Acres 0.03
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* Excluded Features
List By
MENACHEM SILBERMAN

Listing Agent

Keller Williams Mid-Town Direct

Broker

Affordability Calculator

$9,403
Per Month
82%
18%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$1,707
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.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/12/2026$1,250,000 Listed Price

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122 16Th Ave, Paterson, NJ, 07501 is a Multi-Family Home for sale at $1,250,000 with 3,513 sqft and a lot size of 0.03. 122 16Th Ave has 10 bedrooms, 7.1 baths, and was built in 1925. The property's zip code is 07501 which is in Paterson, NJ

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