Home » Real Estate » NJ » Paterson City » 07524 » 59 Mercer St, Paterson City, NJ, 07524
$825,000

59 Mercer St, Paterson City, NJ, 07524

9 Beds
6 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.
Offered By
KELLER WILLIAMS PROSPERITY REALTY

Property Details

Property Type Multi Family
Status Active
Bedrooms 9
Bathrooms (Full) 6
MLS # 4029825

Market Trends

New Properties On Market
24
100% Increase In New Listings
Average Asking Price
$458,795
$216,572 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$138
Average Days On Market
9
16 Day Decrease In Days On Market
Data as of Jun 04, 2026. Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.

Mortgage Calculator
The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.


Purchase Price
Loan Type
Down Payment
HOA Dues
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
Private Mortgage Insurance