Updated Duplex With Finished
For Sale
$830,000
116 Redwood Avenue, Paterson, NJ 07522
Two-family property with separate living areas, extensive bedroom count, and a finished lower level for added flexibility.
Property SizeContact for details
Days on Market148
Property Features for 116 Redwood Avenue
General Information
Standard status
Active
Property subtype
Multi Family / 2-Two Story
Units
Unit Mix
1 x 4BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,760
Amenities
Yes
Asphalt Shingle
Carbon Monoxide Detector, Smoke Detector
Finished
Aluminum Siding, Brick/Block
Building Details
Year Built
1940
Listing Agency:
UNICASA UNION REALTY INC
(973) 942-4300
Listed By:
ROSE PALUMBO · License #243610
(973) 942-4300
Source:
Compass
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 31 at 10:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNICASA UNION REALTY INC
Investment Insights
Based on property information with market context.
This duplex at 116 Redwood Avenue in Paterson contains two residential units, each with a living and dining area, an eat-in kitchen, and four bedrooms. The first-floor apartment includes one full bathroom, while the second-floor apartment has a private en-suite bathroom for the primary bedroom plus another full bathroom. A finished basement adds space for recreation, storage, or other household uses.
Property improvements include a roof installed in 2024, flooring replaced in 2024, heating system component updates from 2019, and a water heater installed in 2025 with a 10-year warranty. The exterior combines aluminum siding with brick/block construction, and the home was built in 1940. Schools, restaurants, shopping centers, public transportation, and major routes are identified in the surrounding area.
Property improvements include a roof installed in 2024, flooring replaced in 2024, heating system component updates from 2019, and a water heater installed in 2025 with a 10-year warranty. The exterior combines aluminum siding with brick/block construction, and the home was built in 1940. Schools, restaurants, shopping centers, public transportation, and major routes are identified in the surrounding area.
Key Highlights
- Two‑family duplex with four bedrooms in each unit
- Second‑floor unit includes a primary bedroom with private en‑suite bathroom
- Finished basement provides recreation or storage space
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,816
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate living areas, extensive bedroom count, and a finished lower level for added flexibility.
Where is this duplex located?
The property is located at 116 Redwood Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Two‑family duplex with four bedrooms in each unit; Second‑floor unit includes a primary bedroom with private en‑suite bathroom; Finished basement provides recreation or storage space
