116 Madison St #2, Paterson, NJ 07501
OFF MARKET

$652,400

Trulia Estimate
  • 4 Beds
  • 2 Baths

116 Madison St #2, Paterson, NJ 07501

Sandy Hill
Est. Refi. Payment $4,686/mo*
Refinance Your Home

Home Value

Trulia Estimate
$652K
Since last month
Decreased$10K (-1.5%)
Since last year
Increased$45K (+7.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +276% in the last 10 years
MonthEstimated value
2026
August 2026$654K
August 2026$652K
July 2026$664K
June 2026$617K
May 2026$600K
April 2026$619K
March 2026$543K
February 2026$605K
January 2026$614K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
968-970 E 19th St, Paterson, NJ
0.44
Multi-Family Home
$680,000
11/07/25
5
2
2,959
49-51 Martin St, Paterson, NJ
0.32
Multi-Family Home
$710,000
12/05/25
4
3.5
2,552
338 Ellison St #340, Paterson, NJ
0.46
Multi-Family Home
$550,000
02/06/26
7
2
1,657
144 Spring St, Paterson, NJ
0.26
Multi-Family Home
$455,000
01/02/26
12
3
2,772
379 Straight St, Paterson, NJ
0.03
Multi-Family Home
$490,000
05/08/26
6
2
-
368-372 E 21st St, Paterson, NJ
0.69
Multi-Family Home
$550,000
01/29/26
4
3
1,608
189 Park Ave #193, Paterson, NJ
0.50
Multi-Family Home
$500,000
01/27/26
10
3
4,032
233 16th Ave, Paterson, NJ
0.57
Multi-Family Home
$546,500
04/28/26
8
3
2,700
74-76 Beech St, Paterson, NJ
0.09
Multi-Family Home
$693,000
04/06/26
6
3
-
163 Beech St, Paterson, NJ
0.15
Multi-Family Home
$700,000
05/08/26
6
3
1,814

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
383 Straight St, Paterson, NJ 07501
0.02
$592,100
8
3
-
Off Market
379 Straight St, Paterson, NJ 07501
0.03
$490,000
6
2
-
Recently Sold
108 Madison St, Paterson, NJ 07501
0.02
$560,000
7
2
-
For Sale
383 Straight St #2, Paterson, NJ 07501
0.04
$593,900
Studio
-
-
Off Market
393 Straight St, Paterson, NJ 07501
0.04
$699,900
3
3
-
For Sale
120 Madison St, Paterson, NJ 07501
0.02
$230,000
2
2
-
Recently Sold
41 Cedar St, Paterson, NJ 07501
0.03
$666,600
Studio
-
-
Off Market
124 Madison St, Paterson, NJ 07501
0.02
$455,500
5
2
-
Off Market
21 Oak St, Paterson, NJ 07501
0.05
$647,700
Studio
-
-
Off Market
23 Oak St, Paterson, NJ 07501
0.05
$710,000
Studio
-
-
Recently Sold
43 Cedar St, Paterson, NJ 07501
0.04
$749,000
5
3
-
For Sale
25 Oak St #25, Paterson, NJ 07501
0.05
$780,000
Studio
-
-
Recently Sold

Local Information

  • Map ViewExplore the area around 116 Madison St #2.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1940

About this House

Great investment opportunity with excellent rental income, conveniently located to the center of town, public transportation, shopping and major highways.All separate utlities.
116 Madison St #2, Paterson, NJ 07501 is a 4 bedroom, 2 bathroom multi-family in Sandy Hill, built in 1940. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $652,400, with a rent estimate of $2,123/month.

Home Details for 116 Madison St #2

Interior Features

Heating & Cooling
Heating: GasHeating Fuel: Gas

Exterior Features

Exterior Home Features
Roof: Asphalt, Shake ShingleExterior: Stone, Vinyl
Parking & Garage
Parking: On Street

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Price and Tax history

DateEventPrice
May 16, 2013
Source: Agent Provided
ListingRemoved
$149,900
Jan 11, 2013
Source: Agent Provided
PriceChange
$149,900
Price decreased by 6%
Nov 15, 2012
Source: Agent Provided
Listed For Sale
$159,000

Market trends in Paterson

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
124
18MoM

Around this home

Neighborhood Overview

Sandy Hill
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Sandy Hill

At least 141 Trulia users voted on each feature.

  • 77 % Say there are sidewalks

  • 72 % Say it's walkable to grocery stores

  • 71 % Say it's walkable to restaurants

  • 62 % Say car is needed

  • 56 % Say streets are well-lit

  • 54 % Say it's dog friendly

  • 53 % Say yards are well-kept

  • 53 % Say there's holiday spirit

  • 51 % Say kids play outside

  • 42 % Say they plan to stay for at least 5 years

  • 37 % Say neighbors are friendly

  • 36 % Say there are community events

  • 35 % Say there's wildlife

  • 35 % Say it's quiet

  • 30 % Say parking is easy

  • 25 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Neighbors are friendly, lived here for over 20 plus years. That's about the best thing I can say about living here in Sandy Hill/Summer Street. The food is amazing as well. Unfortunately, there's never parking and loud music is always playing. At times, there will be music coming from every direction. And its LOUD, so loud that your house starts shaking. It's not the safest area but its not so bad either. It really depends. Shootings do happen and robbery as well just not as frequent. The roach infestation is awful in some areas. Its difficult to live in a home/apartment with that much going on. "
    0
    Flag
  • Kt8688
    "During Peak hours there is a lot of traffic especially in the highways. Local buses are the best way to commute if you work in the city"
    0
    Flag
  • K.J
    "It’s just not a good place to live in, there’s always sketchy people around especially at night. It’s very loud and just not an area you would want to live in."
    4
    Flag
  • Jalynn Mendez
    "Just un safe neighborhood to live in. Lived in Paterson for decades and it’s getting worse! Wish there would be some positive change but nope just rent is higher. Crime is higher "
    2
    Flag
  • Daisy M.
    "Always maintain communication with your children because their are bad things that so many other kids are involved in and good kids get into by association, this is a fast city."
    82
    Flag
  • Paolette J.
    "Not a nice place to live. A lot of noise during the weekends. Not reliable parking your car outside, and even inside of your house, once somebody broke my cars window. "
    5
    Flag
  • Lizmara25
    "Has lots of crime and isn’t safe to live in. . "
    9
    Flag
  • Elizabeth F.
    "no good city. too much drugs and stoled cars.... garbage drugs dealer abandoned hauses .................. "
    4
    Flag
  • concernindividual
    "this area like many in this town is unsafe for living!!!!!!drug dealers haven!!!!!!!!!!!!!!!!!!!!!!!!!!dirty streets,drive by shootings.lived here for a short time and ran for my life as well as my family!!!!!!!!!!!!!!!!!!!lots of prostitution."
    4
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 116 Madison St #2

  • What is 116 Madison St #2 estimated to be worth?
    Trulia's estimated value for 116 Madison St #2 in Paterson, NJ is $652,400.
  • Is Paterson a buyer's or seller's market?
    Paterson is currently a seller's market, based on recent for-sale activity.
  • What do residents say about the Sandy Hill neighborhood?
    Residents describe the Sandy Hill neighborhood in Paterson, NJ as pedestrian-friendly, walkable to grocery stores, and walkable to restaurants. See recently sold homes in Sandy Hill, Paterson.
  • What are the closest schools to 116 Madison St #2?
    The closest schools to 116 Madison St #2 in Paterson, NJ are Alternative High School - Yes Academy, Dale Avenue Elementary School (Pre-K), School 3 (Elementary/Middle, rated 4/10).
  • Does 116 Madison St #2 have parking?
    Yes, 116 Madison St #2 in Paterson, NJ has on-site parking.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Apartments for Rent

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Off Market Homes Near 116 Madison St #2

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