Active

$1,250,000

122 16Th Ave #0, Paterson City, NJ 07501

--beds

0baths

3,513sqft

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Apartment

Built in 1925

-- sqft lot

$-- Zestimate^®

$356/sqft

$-- HOA

What's special

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.

35 days

24

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Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

4+ Units, Natural Gas

Cooling

See Remarks

Features

Doors: Max Door Height: 0
Basement: Yes,Finished

Interior area

Total structure area: 3,513
Total interior livable area: 3,513 sqft

Property

Parking

Parking features: On-Street Parking
Has uncovered spaces: Yes

Features

Stories: 3

Lot

Size: 1,306 Square Feet
Dimensions: 25 x 60
Features: Business District, Corner

Details

Parcel number: 2508043190000000120000
Zoning description: RA-2

Construction

Type & style

Home type: Apartment
Property subtype: Apartment
Attached to another structure: Yes

Materials

Brick/Block, Vinyl Siding
Roof: Asphalt Shingle

Condition

Updated/Remodeled
Year built: 1925
Major remodel year: 2022

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks

Community & HOA

Community

Security: Smoke Detector(s), Fire Sprinkler System
Subdivision: Forth Ward

Location

Region: Paterson

Financial & listing details

Price per square foot: $356/sqft
Tax assessed value: $665,400
Annual tax amount: $20,481
Date on market: 6/12/2026
Inclusions: See Remarks
Ownership type: Fee Simple
Tenant pays: Electricity, Gas, Heat

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/12/2026	Listed for sale	$1,250,000$356/sqft
Source: GSMLS #4034154 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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