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Residential Income For Sale

215 - 217 E 16th St Unit 3, Paterson City, Passaic 07524-2008

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Property Description

Well-maintained multi-family 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.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4027159
Price:
$899,999
Year Built:
1950
Lot Area:
0.11 Acre
Status:
Active
Office Name:
COLDWELL BANKER REALTY
Full Bathrooms:
5
Roof:
See Remarks
Features
Heating System:
3 Units, Radiators - Hot Water, See Remarks
Cooling System:
Wall A/C Unit(s)
Basement:
Walkout, Finished
Architectural Style:
3-Three Story
Sewer:
Public Sewer, See Remarks
Utilities:
See Remarks
Address Map
Country:
US
State:
Passaic
County:
Passaic
City:
Paterson City
Zipcode:
07524-2008
Street:
E 16Th St
Street Number:
215 - 217
Longitude:
W75° 50' 45.5''
Latitude:
N40° 55' 48.9''
Directions:
Between 8th Ave and 7th Ave
Unit Number:
3
Additional Information
Lot Size Dimensions:
50X100
Water Source:
See Remarks, Public Water
Number Of Units Total:
3
Financial
Tax Annual Amount:
13935
Listing Information
List Agent Mls Id:
400179
List Office Mls Id:
002428
Mls Status:
Active
Modification Timestamp:
2026-05-13T00:31:06Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4027159
Lot Area:
0.11 Acre
$899,999
Agent info
Contact Agent

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