Active

Price cut: $49K (9/1)

$619,999

83 Mercer St, Paterson City, NJ 07524

7beds

--sqft

$4,788/mo

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Multi Family

Built in 2010

-- sqft lot

$637,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Welcome to this beautifully 3-family home, reconstructed in 2018, offering an excellent opportunity for homeowners or investors. This spacious property features 7 bedrooms and 4 full bathrooms across three separate units, with the first floor offering 3 bedrooms and 1 bathroom, the second floor offering 2 bedrooms and 1 bathroom, and the third floor offering 2 bedrooms and 1 bathroom. Each unit is equipped with its own dedicated central A/C system, providing comfort and independent climate control. This is an excellent opportunity for those seeking a well-maintained multi-family property with versatile living arrangements and strong rental potential. Whether you?re looking to occupy one unit and generate rental income from the others.

26 days
396
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

3 Units, Forced Air, Natural Gas

Cooling

3 Units, Central Air

Appliances

Included: Gas Water Heater

Features

Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom, Eat-In Kitchen
Basement: Yes,Partially Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: On Street

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 96

Details

Parcel number: 2508030180000000260000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 2010

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), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Paterson

Financial & listing details

Tax assessed value: $706,700
Annual tax amount: $11,971
Date on market: 9/5/2026
Exclusions: Tenant's belongings
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$637,300

$605,000 - $669,000

$2,234/mo

Price history

Date	Event	Price
9/1/2026	Price change	$619,999-7.3%
Source: NJMLS #26032943 Report a problem
8/11/2026	Listed for sale	$669,000+7%
Source: NJMLS #26030234 Report a problem
1/17/2024	Listing removed	--
Source: GSMLS #3881167 Report a problem
1/12/2024	Listed for sale	$625,000+31.6%
Source: GSMLS #3881167 Report a problem
6/21/2021	Sold	$475,000+47499900%
Source: GSMLS #3697110 Report a problem
7/20/2010	Listing removed	$1
Source: NJ Home Relief Report a problem
11/25/2009	Listed for sale	$1-100%
Source: NJ Home Relief Report a problem
7/27/2006	Sold	$305,000+74.3%
Source: Public Record Report a problem
1/27/2005	Sold	$175,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,433 +3.9%	$224,400
2024	$11,002 +1.8%	$224,400
2023	$10,809 +7.6%	$224,400
2022	$10,044	$224,400
2021	$10,044 +92.7%	$224,400 +74.1%
2020	$5,213 -3.1%	$128,900 +2.2%
2019	$5,382 -17.3%	$126,100 +1.4%
2018	$6,506 -8%	$124,400 -20.5%
2017	$7,073 +5.6%	$156,400 -4%
2016	$6,696 -37.5%	$163,000
2015	$10,716 +5.7%	$163,000 -55.9%
2014	$10,139 +9.1%	$369,500
2013	$9,293	$369,500
2012	$9,293 +18.3%	$369,500
2011	$7,856 +10.1%	$369,500
2010	$7,135	$369,500
2009	--	$369,500
2008	--	$369,500
2007	--	$369,500