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Four-Unit Property with Garages
For Sale
$899,999

174 E 16Th St, Paterson, NJ 07524

Multi-Family, Fourplex, Paterson City, NJ

Property SizeContact for details
Lot Size0.14 Acres
Days on Market226

Property Features for 174 E 16Th St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Basement, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 1
Parking 6
Directions 6TH AVENUE TO EAST 16TH STREET
Standard status Active
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 17348

Utilities

Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating)
Water source Public

Building Details

Year built 1950
Number of units 4
Roof type Shingle
Architectural style Other
Listing Agency: NICHOLAS REAL ESTATE AGENCY
Listed By: ROSELYS RAMIREZ
Added: Feb 18 Changed: Sep 24 Last Checked: Oct 2 at 4:06PM
MLS# 4010468

Copyright © 2026 Garden State MLS, LLC. 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 quadplex at 174 E 16th St includes four apartments with a consistent residential layout: each unit has a living room, eat-in kitchen, two bedrooms, and one full bathroom. The property also includes a finished basement, 3 car garages, and parking for 6 cars plus. Separate utilities serve the apartments, supporting distinct utility management for each residence.

Built in 1950 on 0.14 acres, the property is located in the Riverside section of Paterson City. Public water and public sewer serve the site. Heating includes baseboard and hot water systems, and the building has a shingle roof.

Key Highlights

  • Four apartments, each with two bedrooms and one full bathroom
  • Separate utilities for the residential units
  • Finished basement included

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage Nursing Home Pet Grooming Service Law Firm Tech Support 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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,563
Businesses Nearby

Demographics for 07524, NJ

14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
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?
Quadplex - Separate utilities support four apartments, each with a living room, eat-in kitchen, two bedrooms, and one full bathroom.
Where is this quadplex located?
The property is located at 174 E 16Th St Paterson, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Four apartments, each with two bedrooms and one full bathroom; Separate utilities for the residential units; Finished basement included
More about this property
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