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$825,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • 1 Car Garage
  • Updated 2 days ago
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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.

Full Property Details for 59 Mercer St

General

  • Price: $825,000
  • Taxes: $8,407 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4016225
  • Updated: 3/23/2026
  • Added to Site: 3 day(s) ago

Interior

  • Number of Rooms: 21

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 9

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Garage Description: Detached Garage

Location

  • County: Passaic
  • Driving Directions: Lafayette St to Mercer St

Heating & Cooling

  • Cooling Type: 3 Units, Central Air Conditioning
  • Heating Type: 3 Units, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Architectural Style: 3-Three Story, Under/Over
  • Exterior Const.: Aluminum Siding, Stucco
  • Roof: Asphalt Shingles
  • Year Built: 2024

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Dimensions: 25 x 94
  • Driveway/Sidewalk: On-Street Parking

Financial Considerations

  • Operating Expenses: $9,999
  • Assessment Amount: $780,700
  • Land Assmt: $125,800
  • Tax Amount: $8,407
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures: Yes
  • Block: 3009
  • Lot Number: 1

Listed by Keller Williams Prosperity Realty

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Listing agent

— 59 Mercer St —

  • Keller Williams Prosperity Realty

973-696-0077

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 59 Mercer St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$825,000
768.42%
MLS
5/19/2014
Sold
$95,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 59 Mercer St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,671
-81%
$32,800
—
2023
$8,909
6%
$32,800
-82%
2022
$8,435
4%
$181,700
—
2021
$8,133
12%
$181,700
4%
2019
$7,230
6%
$174,900
11%
2018
$6,800
9%
$157,200
5%
2017
$6,248
-3%
$150,200
1%
2016
$6,474
6%
$149,200
—
2015
$6,129
-41%
$149,200
-58%
2014
$10,373
—
$358,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Keller Williams Prosperity Realty

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59 Mercer St, Paterson, NJ 07524 (MLS# 4016225) is a Multi-Family property with 3 units containing 9 bedrooms and 6 full bathrooms. 59 Mercer St is currently listed for $825,000 and was received on March 23, 2026. Want to learn more about 59 Mercer St? Do you have questions about finding other Multi-Family real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

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