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

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.

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 Family

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

26009669

Features
General
Utilities See Remarks Electricity Connected Natural Gas Connected Sep Heat
Garage Spaces 1.0
Architectural Style 3 Family
Rooms None
County PASSAIC
Property Type 2-4 Family
HOA N
Total Rooms 21
Full Baths 6
Status Active - Active
City Paterson
Disclosures Seller's Agent
Year Built Details 1970's 2020's Build Prior to 1978
Tax Annual Amount 8407.0
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
Half Baths 0
Laundry Features In Unit
Total Bedrooms 9
Total Baths 6
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* Excluded Features

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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$825,000 Listed Price

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59 Mercer Street, Paterson, NJ, 07524 is a Multi-Family Home for sale at $825,000. 59 Mercer Street has 9 bedrooms and 6.0 baths. The property's zip code is 07524 which is in Paterson, NJ