59 Mercer St Paterson, NJ $ 825,000
59 Mercer St
$ 825,000
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59 Mercer St

Paterson, NJ, 07524
$ 825,000
Bedrooms9 Baths6.0

Monthly Estimate*

$ 5,080

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Multi-Family Home for sale in Paterson, NJ

for $825,000 with 9 bedrooms and 6 full baths. This home was built in 2024 on a lot size of 0.05.

Experience the pinnacle of modern investment with this rare, totally rebuilt 2024 three-family masterpiece. Each of the three expansive units has been meticulously designed for the sophisticated renter, featuring soaring high ceilings, a generous three-bedroom, two-full-bath layout, and the essential comfort of central air conditioning throughout. Every residence is a study in contemporary luxury, boasting premium finishes and the ultimate convenience of dedicated in-unit laundry, ensuring these apartments command top-tier market rents. For the savvy investor, this property offers an exceptional turnkey opportunity with excellent existing rental income and significant upside potential. The financial appeal is further enhanced by extremely low taxes, creating an incredible high-margin investment with minimal overhead. Its location is a commuter's dream, situated moments away from major NYC transportation hubs and primary highways, ensuring a consistent and high-quality tenant pool. Whether you are looking to occupy one unit and have your mortgage paid or add a pristine, low-maintenance asset to your portfolio, this 2024 build represents an unrivaled opportunity in today's competitive market.

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Multi-Family Active

Price

$ 825,000

Bedrooms

9

Full Bath

6

Property Type

Multi-Family

Taxes

$ 8,407

Style

3-Three Story, Under/Over

Lot Size

0.05

Year Built

2024

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4016225

Features
General
Sewer Public Sewer
Heating 3 Units Forced Hot Air
Cooling 3 Units Central Air
Utilities Gas-Natural
Possession Settlement
Roof Asphalt Shingle
Garage Spaces 1
Architectural Style 3-Three Story Under/Over
Year Built 2024
Garage Detached Garage
Township Paterson City
Tax Year 2025
Gross Income 9999
County Passaic
Net Operating Income 9999
Operating Expense 9999
Total Rooms 21
Full Baths 6
Status Active
Directions Lafayette St to Mercer St
Open Parking Spaces 0
Number Of Units Total 3
Tax Annual Amount 8407
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 906500
Town # 2508
Tax Lot 1
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Exterior
Water Source Public Water
Exterior Description Aluminum Siding Stucco
Lot Dimensions 25X94
Lot Size Acres 0.05
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Interior
Unit 1 Baths Total 2.0
Unit 1 Beds Total 3
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Unit 3 Baths Total 2.0
Unit 3 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 9
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* Excluded Features
List By
ARTUR TYSZKA

Listing Agent

Keller Williams Prosperity Realty

Broker

atyszka21@gmail.com

Email

Affordability Calculator

$5,780
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,080
Monthly Property Taxes
$701
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$825,000 Listed Price

Map


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59 Mercer St, Paterson, NJ, 07524 is a Multi-Family Home for sale at $825,000 with a lot size of 0.05. 59 Mercer St has 9 bedrooms, 6.0 baths, and was built in 2024. The property's zip code is 07524 which is in Paterson, NJ