Date
Details
Price
Change
Source
5/25/2026
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/15
$825,000 Coming Soon
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1/15
Property Description
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
Full Property Details for 59 Mercer St
General
- Price: $825,000
- Taxes: $8,407 (2025)
- Status: Coming Soon
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4029825
- Updated: 5/25/2026
- 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
- Basement: Yes
- Basement Desc.: Crawl Space
- Roof: Asphalt Shingles
- Year Built: 2024
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Laundry Room, Living Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Kitchen, Laundry Room, Living Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, 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: See Remarks
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $780,700
- Land Assmt: $125,800
- Tax Amount: $8,407
- Tax Year: 2025
Disclosures and Reports
- 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
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 59 Mercer St
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 59 Mercer St
Tax History
Tax History for 59 Mercer St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,407
4%
$165,000
—
2023
$8,090
6%
$165,000
—
2022
$7,659
4%
$165,000
—
2021
$7,385
7%
$165,000
3%
2018
$6,904
5%
$159,600
1%
2017
$6,594
-8%
$158,500
-4%
2016
$7,138
6%
$164,500
—
2015
$6,758
1%
$164,500
2%
2019
$6,685
-10%
$161,700
-33%
2013
$7,447
—
$241,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 59 Mercer St
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59 Mercer St, Paterson, NJ 07524 (MLS# 4029825) 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 May 25, 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.