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Residential Income For Sale

215-217 16th Street, Paterson, NJ 07524

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Property Description

Well-maintained multi-family investment property featuring three residential units plus a fully finished walkout basement with additional living space. All units offer spacious, well-proportioned layouts with separate living and dining rooms, providing strong rental functionality and comfortable living space. Unit 1 features 3 bedrooms, 1 full bath, a spacious living room, dining room, and kitchen. Unit 2 offers 4 bedrooms, 1 full bath, with a spacious living room, dining room, and kitchen layout. Unit 3 includes 3 bedrooms, 1 full bath, living room, dining room, and kitchen, offering a functional layout with generous space. The fully finished walkout basement includes 2 bedrooms, 2 full baths, and also features a living room, dining area, and kitchen. Property features a long driveway with two-car wide parking. Each unit has separate utilities. Tenants will remain in place at closing, allowing for immediate rental income. According to seller representation and DCA records, the property is registered and inspected as a 3-unit dwelling. Buyer is responsible for verifying legal use, zoning, and occupancy with the municipality. Strong income-producing property with stable rental structure and long-term appreciation potential. Property is being sold strictly in as-is condition. Showing at Open House Sat 5/16 & Sun 5/17 12-2pm

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26017328
Price:
$899,999
Status:
Active
Office Name:
Coldwell Banker, Clifton
Agent Name:
Debra
Features
Architectural Style:
3 Family
Laundry Features:
See Remarks
Utilities:
Sep Elec, Sep Gas, Sep Heat
Address Map
Country:
US
State:
NJ
County:
PASSAIC
City:
Paterson
Zipcode:
07524
Street:
16th
Street Number:
215-217
Street Suffix:
Street
Longitude:
W75° 50' 45.9''
Latitude:
N40° 55' 48.7''
Additional Information
On Market Date:
2026-05-12
Financial
Tax Annual Amount:
13935
Listing Information
Co List Agent Mls Id:
494526
List Agent Mls Id:
1027695
List Office Mls Id:
63609
Mls Status:
Active
Modification Timestamp:
2026-05-13T03:59:29Z
Originating System Name:
njmls
Status Change Timestamp:
2026-05-12
Residential Income For Sale
Listing ID:
26017328
$899,999
Agent info
Contact Agent

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