For Sale17d on market
59 Mercer St
Paterson, NJ, 07524 • Riverside • Passaic County
$825,000
$28/sqft
Down payment assistance available
9Beds
6Baths
29,997Sqft
0.05 acLot
2024Built
Property DNA
Enhanced Security
Carbon Monoxide Detector(s) · Carbon Monoxide Detector
1-Car Garage
On Street · Detached Garage
This home is getting attention
Listed 17 days ago · 1,657 views · 70 saves
Market activity
Demand and pricing signals for this listing
1,657 views
People checking out this listing
70 saves
Buyers have saved this home
17 days on market
Recently listed
$28/sqft
Price per square foot
About this home
Multi Family · Built 2024
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.
Standout features identified
Our analysis highlights soaring high ceilings, central air conditioning throughout, and premium finishes as key attractions of this home.
Estimated monthly payment
Based on current rates
$5,171/month
Principal & Interest$4,071
Property Tax$825
Insurance$275
Down payment20% ($165,000)
3%50%
Est. 6.27% rate · 30yr fixed · $660,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built2024
Heating3 Units, Forced Air, Natural Gas
Cooling3 Units, Central Air
Parking1 Garage space
Days on Zillow17 Days
Price/sqft$28
Property
Home typeMulti Family
Sub-typeMulti Family
Year built2024
Stories3
Systems
Heating3 Units, Forced Air, Natural Gas
Cooling3 Units, Central Air
RoofAsphalt Shingle
ConstructionAluminum Siding, Stucco
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOn Street, Detached Garage
Garage1 spaces
BasementNone
Lot2,178 sqft
Location & Tax
NeighborhoodRiverside
Annual tax$8,407
Parcel0802919000000003
Bathrooms & Fees
Full baths6
Features & details
9 categories of property features
Interior Features
Interior
Bedrooms
Eat-in Kitchen
Living Room
Eat-In Kitchen
Heating
3 Units
Forced Air
Natural Gas
Cooling
3 Units
Central Air
Laundry
Laundry Room
Exterior Features
Parking
On Street
Detached Garage
Construction
Aluminum Siding
Stucco
Security
Carbon Monoxide Detector(s)
Carbon Monoxide Detector
Utilities
Natural Gas Connected
Gas
Gas-Natural
Listing insights
Market data and value estimates
StatusFor Sale
Days on market17
Tax rate2.28%
Price/sqft$28
On marketMar 24, 2026
PostedMar 24, 2026
Last sold$675,000
MLS statusActive
MLS updatedMar 23, 2026
Tour days9
Views1,657
Favorites70
How are the schools in Paterson?
2 schools rated nearby
2
School 10
Elementary • Public • K-8
Location
Paterson, NJ, 07524
Price history
16 events
DateEventPrice$/sqftSource
Mar 24, 2026Listed For Sale$825,000$28GSMLS
Aug 4, 2025Listing Removed$2,450—Zillow Rentals
Jul 9, 2025Price Change$2,450—Zillow Rentals
Jun 2, 2025Price Change$2,550—Zillow Rentals
May 13, 2025Listed For Rent$2,600—Zillow Rentals
Jan 20, 2025Listing Removed$2,500—GSMLS
Jan 15, 2025Price Change$2,500—GSMLS
Dec 12, 2024Listed For Rent$2,650—GSMLS
Jul 24, 2024Sold$675,000$23GSMLS
Jul 17, 2024Pending Sale$699,000$23NJMLS
Jun 26, 2024Price Change$699,000$23GSMLS
Dec 21, 2023Pending Sale$665,000$22NJMLS
Dec 6, 2023Listed For Sale$665,000$22GSMLS
Jun 16, 2014Sold$95,000$3GSMLS
Mar 21, 2014Listed For Sale$115,000$4Better Homes and Gardens Rand Realty
Nov 7, 1980Sold$36,000$1Agent Provided
Listed For Sale$825,000
Mar 24, 2026•$28/sqft•GSMLS
Listing Removed$2,450
Aug 4, 20250•Zillow Rentals
Price Change$2,450
Jul 9, 20250•Zillow Rentals
Price Change$2,550
Jun 2, 20250•Zillow Rentals
Listed For Rent$2,600
May 13, 20250•Zillow Rentals
Listing Removed$2,500
Jan 20, 20250•GSMLS
Price Change$2,500
Jan 15, 20250•GSMLS
Listed For Rent$2,650
Dec 12, 20240•GSMLS
Sold$675,000
Jul 24, 2024•$23/sqft•GSMLS
Pending Sale$699,000
Jul 17, 2024•$23/sqft•NJMLS
Price Change$699,000
Jun 26, 2024•$23/sqft•GSMLS
Pending Sale$665,000
Dec 21, 2023•$22/sqft•NJMLS
Listed For Sale$665,000
Dec 6, 2023•$22/sqft•GSMLS
Sold$95,000
Jun 16, 2014•$3/sqft•GSMLS
Listed For Sale$115,000
Mar 21, 2014•$4/sqft•Better Homes and Gardens Rand Realty
Sold$36,000
Nov 7, 1980•$1/sqft•Agent Provided
Tax history
18 years of records
YearTax paidAssessed value
Apr 10, 2025$8,407$165,000
Apr 10, 2024$8,090$165,000
Apr 10, 2023$7,948$165,000
Apr 10, 2022$7,385$165,000
Apr 10, 2021$7,385$165,000
Apr 10, 2020$6,685$165,000
Apr 10, 2019$6,904$161,700
Apr 10, 2018$6,594$159,600
Apr 10, 2017$7,138$158,500
Apr 10, 2016$6,758$164,500
Apr 10, 2015$7,001$164,500
Apr 10, 2014$7,447$241,400
Apr 10, 2012$9,089$361,400
Apr 10, 2011$7,683$361,400
Apr 10, 2010$6,979$361,400
Apr 10, 2009—$361,400
Apr 10, 2008—$361,400
Apr 10, 2007—$361,400
Nearby homes
Neighborhood details
Local context around this listing
Paterson, NJ • Passaic County
Nearby neighborhoods
DowntownEastsideHillcrestNorthsidePeople's ParkRiversideSandy HillSouth PatersonTotowaWrigley Park
Nearby cities
CliftonHawthorneLittle FallsPassaicPatersonRingwoodWanaqueWayne
Nearby zip codes
07501075020750307504075050750907513075140752207524
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