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    • Price cut: $30K (6/17)
    $795,000

    59 Mercer St, Paterson City, NJ 07524

    9beds
    29,997sqft
    : 
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    Multi Family
    Built in 2024
    -- sqft lot
    $-- Zestimate®
    $27/sqft
    $-- HOA

    What's special

    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.
    31 days
    |
    804
    |
    50
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Artur Tyszka 973-696-0077,

    Keller Williams Prosperity Realty

    Source: GSMLS,MLS#: 4029825MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • 3 Units, Forced Air, Natural Gas
      Cooling
      • 3 Units, Central Air
      Appliances
      • Laundry: Laundry Room
      Features
      • Bedrooms, Kitchen, Living Room
      • Basement: Yes,Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 29,997
      • Total interior livable area: 29,997 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: See Remarks, Detached Garage
      • Garage spaces: 1
      Features
      • Levels: 3-Three Story
      • Stories: 3
      Lot
      • Size: 2,178 Square Feet
      • Dimensions: 25 x 94
      Details
      • Parcel number: 2508030090000000010000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding, Stucco
      • Roof: Asphalt Shingle
      Condition
      • Year built: 2024

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Connected

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
      Location
      • Region: Paterson

      Financial & listing details

      • Price per square foot: $27/sqft
      • Tax assessed value: $906,500
      • Annual tax amount: $8,407
      • Date on market: 5/30/2026
      • Total actual rent: 7425
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/17/2026Price change$795,000-3.6%$27/sqft
        Source: GSMLS #4029825 Report a problem
        5/27/2026Listed for sale$825,000$28/sqft
        Source: NJMLS #26019298 Report a problem
        5/26/2026Listing removed$825,000$28/sqft
        Source: NJMLS #26009669 Report a problem
        5/4/2026Pending sale$825,000$28/sqft
        Source: GSMLS #4016225 Report a problem
        3/24/2026Listed for sale$825,000+22.2%$28/sqft
        Source: GSMLS #4016225 Report a problem
        8/4/2025Listing removed$2,450
        Source: Zillow Rentals Report a problem
        7/9/2025Price change$2,450-3.9%
        Source: Zillow Rentals Report a problem
        6/2/2025Price change$2,550-1.9%
        Source: Zillow Rentals Report a problem
        5/13/2025Listed for rent$2,600+4%
        Source: Zillow Rentals Report a problem
        1/20/2025Listing removed$2,500
        Source: GSMLS #3937873 Report a problem
        1/15/2025Price change$2,500-5.7%
        Source: GSMLS #3937873 Report a problem
        12/12/2024Listed for rent$2,650
        Source: GSMLS #3937873 Report a problem
        7/24/2024Sold$675,000-3.4%$23/sqft
        Source: GSMLS #3910100 Report a problem
        7/17/2024Pending sale$699,000$23/sqft
        Source: NJMLS #24020690 Report a problem
        6/26/2024Price change$699,000+5.1%$23/sqft
        Source: GSMLS #3910100 Report a problem
        12/21/2023Pending sale$665,000$22/sqft
        Source: NJMLS #23036845 Report a problem
        12/6/2023Listed for sale$665,000+600%$22/sqft
        Source: GSMLS #3877303 Report a problem
        6/16/2014Sold$95,000-17.4%$3/sqft
        Source: GSMLS #3126236 Report a problem
        3/21/2014Listed for sale$115,000+219.4%$4/sqft
        Source: Better Homes and Gardens Rand Realty #1408953 Report a problem
        11/7/1980Sold$36,000$1/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,407 +3.9%$165,000
        2024$8,090 +1.8%$165,000
        2023$7,948 +7.6%$165,000
        2022$7,385 $165,000
        2021$7,385 +10.5%$165,000
        2020$6,685 -3.2%$165,000 +2%
        2019$6,904 +4.7%$161,700 +1.3%
        2018$6,594 -7.6%$159,600 +0.7%
        2017$7,138 +5.6%$158,500 -3.6%
        2016$6,758 -3.5%$164,500
        2015$7,001 -6%$164,500 -31.9%
        2014$7,447 -18.1%$241,400 -33.2%
        2012$9,089 +18.3%$361,400
        2011$7,683 +10.1%$361,400
        2010$6,979 $361,400
        2009-- $361,400
        2008-- $361,400
        2007-- $361,400

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: Riverside

          Getting around

          81 / 100
          Very Walkable
          43 / 100
          Some Transit
          49 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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