Two-Family Residential Income
116-118 1st Street Paterson, NJ 07522
116-118 1st Street, Paterson, NJ, 07522
$550,000
For Sale
$550,000
MULTI_FAMILY - Paterson, NJ
Days on Market9
Property Features for 116-118 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Basement, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1
- Standard status
- Active
Listing agency
Keller Williams Prosperity Realty
(973) 696-0077
Listed by
Shaina Jagger
(973) 600-3262
Added: Jul 15 Updated: Jul 21 at 10:30AM Checked: Jul 23 at 12:06AM
MLS# 26021176
Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two separate residences under one roof. The first-floor unit features three bedrooms and one bathroom. The second-floor unit spans two levels and includes three bedrooms and two bathrooms.
The property includes a private driveway, providing dedicated off-street parking for day-to-day use.
With a multi-unit layout, the home supports multiple living and operating strategies, including owner-occupancy with rental income potential from the second unit, or an investor-focused approach to residential income. The current configuration is well-suited for tenants seeking multi-bedroom space across two different unit types.
The property includes a private driveway, providing dedicated off-street parking for day-to-day use.
With a multi-unit layout, the home supports multiple living and operating strategies, including owner-occupancy with rental income potential from the second unit, or an investor-focused approach to residential income. The current configuration is well-suited for tenants seeking multi-bedroom space across two different unit types.
Key Highlights
- 2‑family home in Paterson—ideal for owner‑occupants or investors
- First‑floor unit: 3 bedrooms and 1 bathroom
- Second‑floor unit: 2 levels with 3 bedrooms and 2 bathrooms
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family property with a private driveway and two distinct units suitable for owner-occupants or investors.
Where is this duplex located?
The property is located at 116-118 1st Street Paterson, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2‑family home in Paterson—ideal for owner‑occupants or investors; First‑floor unit: 3 bedrooms and 1 bathroom; Second‑floor unit: 2 levels with 3 bedrooms and 2 bathrooms
