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59 mercer st, Paterson City, NJ 07524

$825,000

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  • 6 BathroomBaths
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  • MLS# 4016225
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Property Description 59 Mercer St, Paterson City, NJ 07524

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.

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Property Details 59 Mercer St, Paterson City, NJ 07524

General

  • County: Passaic
  • List Date: 03/23/2026
  • Beds: 9
  • Full Bathrooms: 6
  • Year Built: 2024
  • Garage/Parking Spaces: 1.00
  • Garage Description: Detached Garage
  • Tax Amount.: $8,407
  • Tax Year: 2025
  • Basement: No

Interior Features

  • Heating: 3 Units, Forced Hot Air
  • Cooling: 3 Units, Central Air
  • Water: Public Water
  • Sewer: Public Sewer
  • Fuel Type: Gas-Natural

Exterior Features

  • Roof Type: Asphalt Shingle
  • Pool: NO
  • Exterior Description: Aluminum Siding, Stucco

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