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Residential Income For Sale

122 16th Ave, Paterson City, Passaic 07501-2249

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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.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4034158
Price:
$1,250,000
Year Built:
1925
Lot Area:
0.03 Acre
Status:
Active
Office Name:
KELLER WILLIAMS MID-TOWN DIRECT
Full Bathrooms:
7
Roof:
Asphalt Shingle
Features
Heating System:
4+ Units
Cooling System:
See Remarks
Basement:
Finished
Architectural Style:
See Remarks
Sewer:
Public Sewer
Utilities:
See Remarks
Address Map
Country:
US
State:
Passaic
County:
Passaic
City:
Paterson City
Zipcode:
07501-2249
Street:
16Th Ave
Street Number:
122
Longitude:
W75° 50' 16.2''
Latitude:
N40° 54' 57.5''
Directions:
Turn right onto Market St. from Memorial Drive, then left onto 16th Ave. Carrall St. will be on your right at the corner.
Zoning:
RA-2
Additional Information
Lot Size Dimensions:
25X60
Water Source:
Public Water
Number Of Units Total:
4
Building Size:
3513
Financial
Tax Annual Amount:
20481
Listing Information
List Agent Mls Id:
409133
List Office Mls Id:
3556
Mls Status:
Active
Modification Timestamp:
2026-06-14T12:37:26Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4034158
Lot Area:
0.03 Acre
$1,250,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com