About This Home

This 10-bedroom, 8-bathroom residential multi family at 122 16Th Ave in Paterson City, NJ is listed for $1,249,999 ($356 per sqft). Built in 1925, the home offers 3,513 sqft of living space on a 0.03 acres lot.

Key Features

  • Built in 1925
  • 0.03 acre lot

Property Details

7 full, 1 half
1925
Listing 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.

Monthly Cost Estimate

$6,685/mo

20% down · 6.5% · 30 years

Principal$904
Interest$5,417
Insurance$365

Estimates only. Actual payments may vary.

Location

122 16Th Ave

Paterson City, NJ 07501-2249

Questions & Answers

This 10-bedroom, 8-bathroom residential multi family at 122 16Th Ave is listed at $1,249,999 ($356/sqft). The estimated monthly payment is $6,686 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 0.03 acre lot.

This property is listed by MENACHEM SILBERMAN.

MS

MENACHEM SILBERMAN

Agent at Keller Williams Mid-Town Direct Realty

Listed by Keller Williams Mid-Town Direct Realty · Broker phone: (973) 762-5400 · View on Broker Site · Broker website

MLS# 4034158· Source: Garden State MLS, LLC· 141 days on PropertySimple

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

122 16Th Ave, Paterson City, NJ 07501-2249

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