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Two-Unit Duplex
New
For Sale
$499,000

116-118 1st Street, Paterson, NJ 07522

2-4 Family, Paterson, NJ

Property SizeContact for details
Days on Market2

Property Features for 116-118 1st Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 3, Bathroom 2, Basement, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1
Subdivision Paterson
Standard status Active
Listing Agency: Keller Williams Prosperity Realty · Keller Williams Realty
Listed By: Ronald Aiosa II · License #0568141
Added: Sep 11 Last Checked: Sep 12 at 8:06AM
MLS# 26033331

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 duplex at 116-118 1st Street in Paterson, New Jersey, contains two residential units with separate layouts. The first-floor unit offers 3 bedrooms and 1 bathroom. The second-floor residence spans two levels and includes 3 bedrooms and 2 bathrooms.

A private driveway serves the property. The configuration provides two distinct living spaces within one multifamily building, with bedroom and bathroom counts suited to separate household occupancy.

Key Highlights

  • Two‑unit duplex in Paterson, NJ
  • First‑floor unit with 3 bedrooms and 1 bathroom
  • Second‑floor unit spans two levels with 3 bedrooms and 2 bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,440
Businesses Nearby

Demographics for 07522, NJ

23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units include a private driveway and distinct bedroom-and-bathroom configurations.
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 $499,000.
What are key features of this property?
This property features: Two‑unit duplex in Paterson, NJ; First‑floor unit with 3 bedrooms and 1 bathroom; Second‑floor unit spans two levels with 3 bedrooms and 2 bathrooms
More about this property
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