$1,250,000

122 16Th Ave, Paterson City, NJ 07501

  • 10 beds |
  • 7 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon1,307sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 13 days ago

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.

Listing Status:
Active
Data Last Updated:
June 25, 2026 at 6:42AM
Listing Office:
KELLER WILLIAMS MID-TOWN DIRECT : 973-762-5400
MLS ID:
4034158
  • Basement: Finished
  • A/C: See Remarks
  • Heating: 4+ UnitsGas-Natural
  • General: BrickVinyl Siding
  • Parking: Parking spaces: 0
  • Roofing: Asphalt Shingle
  • County: Passaic
  • Driveway: On-Street Parking
  • Zoning: RA-22508-04319-0000-00012-0000-
  • Utilities: See Remarks
  • Water: Public Water
  • Sewer: Public Sewer

This listing courtesy of KELLER WILLIAMS MID-TOWN DIRECT

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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