116 Redwood Ave, Paterson, NJ, 07522
About This Home
Spacious and well-maintained 2 family home located in a highly desirable area of Paterson; perfect for investors or owner occupants! The first floor unit offers living room, an eat-in kitchen, 4 generously sized bedrooms and 1 full bathroom. The second floor unit features living room, eat-in kitchen, 4 bedrooms, including a primary (master) bedroom with a private en-suite bathroom, plus and additional full bathroom. The property includes a fully finished basement, ideal for extra living space, recreation or storage. Recent upgrades provide peace of mind, including a new roof (2024), newer flooring throughout (2024), updated heating system components (2019), and a brand new water heater (2025) with a 10-year warranty. Conveniently located near schools, restaurants, shopping centers, public transportation and major routes offering easy access to everyday conveniences and commuting. Don't miss this excellent opportunity!
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Roof: Asphalt Shingle
- Construction materials: Aluminum Siding,Brick
Notable Dates
- Major remodel year: 2007
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: See Remarks
Basement
- Has basement: Yes
- Basement: Yes,Finished
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Bedrooms,Eat-in Kitchen,Living/Dining Room,Eat-In Kitchen
Heating & Cooling
- Heating features: 2 Units,Natural Gas
- Cooling features: See Remarks
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 2508009090000000390000
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 25 x 100
Parking
- Parking features: On Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,791 | $45,492 |
| Home Insurance * | $363 | $4,356 |
| Property Taxes | $1,412 | $16,944 |
| Electricity | $193 | $2,318 |
| Total | $5,759 | $69,108 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-07 | Listed for sale | $830,000 |
| 2015-10-10 | Sold | $210,000 |
| 2007-01-26 | Sold | $275,000 |
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