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122 16th Ave, Paterson, NJ 07501

Paterson
Local realty services provided by:CENTURY 21 Alliance Realty
122 16th Ave,Paterson City, NJ 07501
$1,250,000
  • 10 Beds
  • 7 Baths
  • 3,513 sq. ft.
  • Multi-family
  • Active
Listed by: menachem silberman
Office: keller williams mid-town direct973-762-5400
MLS#:4034158
Source:NJ_GSMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$355.82

About this home

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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Home facts

  • Year built:1925
  • Listing ID #:4034158
  • Added:47 day(s) ago
  • Updated:July 29, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:7
  • Full bathrooms:7
  • Half bathrooms:1
  • Rooms Total:16
  • Basement Description:Basement, Finished
  • Living area:3,513 sq. ft.

Heating and cooling

  • Heating:4+ Units

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1925
  • Building area:3,513 sq. ft.
  • Lot area:0.03 Acres
  • Construction Materials:Brick, Vinyl Siding

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$355.82
  • Tax amount:$20,481 (2025)

Parking

  • Parking description:On-Street Parking
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. 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. This information is being provided 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. Date Last Updated July 29, 2026 NJ_GSMLS Member Broker: Douglas E Ramos

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