Active

$1,249,999

122 16Th Ave, Paterson City, NJ 07501

10beds

3,513sqft

$9,572/mo

Get pre-qualified

Multi Family

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.

121 days
65
2

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

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