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Multifamily Rental Unit
For Lease
$1,800/Mo

116 Spruce St 1, Paterson, NJ 07501

Rental multifamily unit at 116 Spruce St with walkable access and good public transit scores.

Space SizeContact for details
Days on Market19

Property Features for 116 Spruce St 1

General Information

Standard status Active
Property subtype Multi Family
Lease Term 12 months

Building Details

Year Built 1940
Listing Agency: UNITED REAL ESTATE
Listed By: JOSE GIGNOUX · License #258898
Source: Elliman
Added: Jul 24 Changed: Aug 8 Last Checked: Aug 10 at 4:44AM

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 UNITED REAL ESTATE

Investment Insights

Based on property information with market context.

This rental is listed as a multifamily/other multifamily residential income property and is offered for lease at 116 Spruce St, Paterson, NJ. The available information does not describe unit configuration, finishes, or on-site amenities.

Area mobility scores indicate a walkable setting (Walk Score 76) with good access to transit (Transit Score 52) and somewhat bikeable conditions (Bike Score 23).

Key Highlights

  • Rental multifamily unit at 116 Spruce St
  • Year built: 1940
  • WalkScore: 76 (very walkable)

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Skin Care Clinic Catering Service Nursing Home Garden Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,341
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value

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?
Multifamily property - Rental multifamily unit at 116 Spruce St with walkable access and good public transit scores.
Where is this multifamily property located?
The property is located at 116 Spruce St 1 Paterson, NJ.
What is the lease rate?
The lease rate is $1,800/Mo.
What are key features of this property?
This property features: Rental multifamily unit at 116 Spruce St; Year built: 1940; WalkScore: 76 (very walkable)
More about this property
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