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.
Active
$1,249,999
122 16Th Ave, Paterson City, NJ 07501
10beds
3,513sqft
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$356/sqft
$-- HOA
What's special
- 74 days |
- 95 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Menachem Silberman 848-354-3563,
Keller Williams Mid-Town Direct
Source: GSMLS,MLS#: 4034158
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7.1
- Full bathrooms: 7
- 1/2 bathrooms: 1
Heating
- 4+ Units, Natural Gas
Cooling
- See Remarks
Features
- Bedrooms, Eat-in Kitchen, Kitchen, Living/Dining Room, Eat-In Kitchen, Living Room
- Basement: Yes,Finished
- Has fireplace: No
Interior area
- Total structure area: 3,513
- Total interior livable area: 3,513 sqft
Property
Parking
- Parking features: On Street
Lot
- Size: 1,306 Square Feet
- Dimensions: 25 x 60
Details
- Parcel number: 2508043190000000120000
- Zoning description: RA-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1925
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
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
- Total actual rent: 0
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $1,249,9990%$356/sqft |
Source:  GSMLS #4034158 Report a problem | ||
| 6/12/2026 | Listed for sale | $1,250,000+150.5%$356/sqft |
Source: GSMLS #4034158 Report a problem | ||
| 1/14/2022 | Sold | $499,000$142/sqft |
Source:  NJMLS #21021713 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Sandy Hill
Nearby schools
GreatSchools rating
- 3/10Alexander Hamilton AcademyGrades: K-8Distance: 0.2 mi
- NAAlternative High School - Yes AcademyGrades: 9-12Distance: 0.2 mi
- 2/10Edward W. Kilpatrick Elementary SchoolGrades: PK-3Distance: 0.1 mi
- $1,249,999-- bd-- ba3.5k sqft122 16th Ave #0, Paterson, NJ 07501For Sale
- $--2 bd1 ba-- sqft122 16th Ave #2R, Paterson, NJ 07501Off Market
- $---- bd-- ba-- sqft124 16th Ave, Paterson, NJ 07501Off Market
- $---- bd1 ba500 sqft112 16th Ave #16, Paterson, NJ 07501Off Market
- $---- bd1 ba600 sqft112 16th Ave APT 3, Paterson, NJ 07501Off Market
- $---- bd1 ba600 sqft112 16th Ave #15363614, Paterson, NJ 07501Off Market
- $342,0001 bd1 ba-- sqft112 16th Ave APT 04, Paterson, NJ 07501Off Market
- $387,400-- bd1 ba-- sqft112 16th Ave APT 2, Paterson, NJ 07501Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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