122 16th Ave, Paterson City, NJ

$1,249,999

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10

Beds

8

Baths

3,513

Square feet

0.03

Acres

About 122 16th Ave

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.

Features of 122 16th Ave

MLS® # 4034158
Price $1,249,999
Bedrooms 10
Bathrooms 8.00
Full Baths 7
Half Baths 1
Square Footage 3,513
Acres 0.03
Year Built 1925
Type Multi-Family
Style See Remarks
Status Active

Community Information

Address 122 16th Ave
City Paterson City
County Passaic
State NJ
Zip Code 07501-2249

Amenities

Utilities See Remarks
Parking On-Street Parking
Has Pool No

Interior

Heating Gas-Natural
Fireplace No
Has Basement Yes
Basement Finished

Exterior

Exterior Brick, Vinyl Siding
Roof Asphalt Shingle

Additional Information

Date Listed June 12th, 2026
Zoning RA-2

Listing Map

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