This income generating Three-Family property is located at the heart of the riverside section of Paterson. Situated perfectly near stores, houses of worship, parks, and restaurants giving tenants easy access to their home needs. Each floor boasts 3 bedrooms and 1 bath and all units are similar in layout. 3rd Floor is rented, 1st and 2nd Floors are Vacant. Each unit has separate electric and gas utilities. Basement is a vast space that is waiting for a savvy buyer to invest and finish out, currently being used as storage. Don't miss out on the chance to become a landlord in this market!
Active
Price cut: $50K (10/19)
$599,900
71 Mercer St, Paterson City, NJ 07524
9beds
--sqft
Multi Family
Built in 1900
-- sqft lot
$615,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 34 days
- 521
- 57
Zillow last checked:
Listing updated:
Listed by:
Jorge Ventura 973-860-7595,
Prestige Property Group Montclair,
Yurissa Garcia Santos
Source: GSMLS,MLS#: 4058305
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Radiators - Hot Water, Natural Gas
Appliances
- Included: Range/Oven - Gas, Gas Water Heater
Features
- Bedrooms, Kitchen
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: None
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 2,613 Square Feet
- Dimensions: 25 x 99
Details
- Parcel number: 2508030090000000230000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1900
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $578,700
- Annual tax amount: $15,172
- Date on market: 10/12/2026
- Exclusions: Tenant Owned Items
- Total actual rent: 4660
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
$615,600
$585,000 - $646,000
$1,864/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2026 | Price change | $599,900-7.7% |
Source:  GSMLS #4058305 Report a problem | ||
| 10/12/2026 | Listed for sale | $649,900+8.3% |
Source: GSMLS #4058305 Report a problem | ||
| 8/15/2024 | Listed for sale | $599,900-7.7% |
Source:  NJMLS #24026495 Report a problem | ||
| 8/6/2024 | Listing removed | -- |
Source: GSMLS #3907497 Report a problem | ||
| 6/25/2024 | Price change | $649,900-10.3% |
Source: GSMLS #3907497 Report a problem | ||
| 6/13/2024 | Listed for sale | $724,900+81.2% |
Source: NJMLS #24018763 Report a problem | ||
| 12/22/2021 | Sold | $400,000+1.3% |
Source: GSMLS #3740611 Report a problem | ||
| 11/5/2021 | Contingent | $394,900 |
Source: NJMLS #21037338 Report a problem | ||
| 10/7/2021 | Listing removed | -- |
Source:  New Jersey Multiple Listing Service, Inc Report a problem | ||
| 9/15/2021 | Price change | $394,900-8.1% |
Source: GSMLS #3740611 Report a problem | ||
| 8/18/2021 | Listed for sale | $429,900 |
Source: GSMLS #3735401 Report a problem | ||
| 8/7/2021 | Listing removed | -- |
Source: New Jersey Multiple Listing Service, Inc Report a problem | ||
| 5/18/2021 | Price change | $429,900-4.5% |
Source: New Jersey Multiple Listing Service, Inc #21015809 Report a problem | ||
| 4/29/2021 | Listed for sale | $450,000+32.4% |
Source: New Jersey Multiple Listing Service, Inc #21015809 Report a problem | ||
| 6/13/2019 | Sold | $340,000+4.6% |
Source: HCMLS #190004419 Report a problem | ||
| 3/27/2019 | Listed for sale | $325,000 |
Source: Keller Williams Realty City Life #190004419 Report a problem | ||
| 3/27/2019 | Pending sale | $325,000 |
Source: Keller Williams Realty City Life #190004419 Report a problem | ||
| 3/7/2019 | Price change | $325,000+8.7% |
Source: Keller Williams Realty City Life #190004419 Report a problem | ||
| 1/28/2019 | Listed for sale | $299,000+89.2% |
Source: KELLER WILLIAMS CITY LIFE REALTY #3528115 Report a problem | ||
| 11/7/2018 | Sold | $158,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,490 +3.9% | $284,400 |
| 2024 | $13,944 +1.8% | $284,400 |
| 2023 | $13,700 +7.6% | $284,400 |
| 2022 | $12,730 | $284,400 |
| 2021 | $12,730 +76% | $284,400 |
| 2020 | $7,235 -3% | $284,400 +62.5% |
| 2019 | $7,458 +4.8% | $175,000 +1.5% |
| 2018 | $7,118 -8.4% | $172,400 +0.8% |
| 2017 | $7,767 +5.6% | $171,100 -4.4% |
| 2016 | $7,353 -15.5% | $179,000 |
| 2015 | $8,697 +5.7% | $179,000 -40.3% |
| 2014 | $8,229 +9.1% | $299,900 |
| 2012 | $7,542 +18.3% | $299,900 |
| 2011 | $6,376 +10.1% | $299,900 |
| 2010 | $5,791 | $299,900 |
| 2009 | -- | $299,900 |
| 2008 | -- | $299,900 |
| 2007 | -- | $299,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Riverside
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