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122 16Th Ave

Paterson City, NJ 07501
  • $1,250,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 4034158
UPDATED: 141 min ago
$1,250,000
  • 10
    BEDS
  • 0.03
    ACRES
  • 7
    BATHS
  • 1
    1/2 BATHS
  • 3,513
    SQFT
  • $356
    $/SQFT
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

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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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-17T23:49:11.63.
www.pickpina.com/homes/177650561
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122 16Th Ave Paterson City, NJ 07501

  • Price: $1,250,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 141 min ago
  • MLS #: 4034158
10
Beds
7
Baths
1
½ Baths
0.03
Acres
3,513
SQFT
$356
$/SQFT
1925
Built
County:
Passaic
Area:
Paterson City
Property Description
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.
Exterior Features

Approximate Lot Size 25X60 Exterior Description BrickVinyl Siding Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling See Remarks Heating 4+ Units Total Number Of Rooms 16 Unit1 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsEat-In KitchenKitchenLiving/Dining Room Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenKitchenLiving/Dining Room Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 2.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In KitchenKitchenLiving/Dining Room Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 3 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 0

Property Features

Assessment Total 665400 Building Assessment 589700 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 75700 Net Operating Income 0 Renovated Year 2022 Sewer Public Sewer Tax Amount 20481 Tax Rate Amount 5.335 Tax Rate Year 2025 Tax Year 2025 Total Operating Expense 0 Unit Style See Remarks Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 0 Unit4 Security Deposit 0 Utilities See Remarks Water Public Water Year Built Description Renovated Zoning RA-2

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Mid-Town Direct: 848-354-3563.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-17T23:49:11.63.
 
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