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Duplex with Private Driveway
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 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Subdivision Paterson
Standard status Active

Amenities

private driveway
Listing Agency: Keller Williams Prosperity Realty · Keller Williams Realty
Listed By: Ronald Aiosa II · License #0568141
Added: Oct 9 Last Checked: Oct 10 at 6:06AM
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 Paterson duplex has two residential units. The ground-floor residence includes three bedrooms and one bathroom; the upper residence spans two levels and has three bedrooms and two bathrooms. A private driveway serves the property at 116-118 1st Street.

Key Highlights

  • Two residential units
  • Ground‑floor unit has 3 bedrooms and 1 bathroom
  • Two‑level upper unit has 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.

Lease Details

2
Residential units

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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - The property contains two residences, including a two-level upper unit.
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 residential units; Ground‑floor unit has 3 bedrooms and 1 bathroom; Two‑level upper unit has 3 bedrooms and 2 bathrooms
More about this property
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