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Multifamily Property with Finished Basement
For Sale
$399,000
Pending

11 Mercer Street, Paterson, NJ 07524

Four-bedroom residence with a finished basement, solar panels, and on-site parking near shopping and transportation.

Property SizeContact for details
Days on Market211

Property Features for 11 Mercer Street

General Information

Standard status Pending
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $5,472
Listing Agency: Coldwell Banker, Clifton
Listed By: Maria M. Hernandez
Source: Tarvinrealtors
Added: Feb 2 Changed: Aug 31 Last Checked: Aug 30 at 11:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker, Clifton

Investment Insights

Based on property information with market context.

This multifamily property is a four-bedroom, three-bath residence with a finished basement, one parking spot, and installed solar panels. The home is being offered in its current condition, with no repairs or credits included in the transaction.

Located at 11 Mercer Street in Paterson, the property is near shopping, transportation, and local amenities. Its residential layout, basement space, parking, and solar installation provide the primary physical features for review.

Key Highlights

  • Four‑bedroom, three‑bath residence
  • Finished basement
  • One parking spot

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Pet Grooming Service Florist (Bike/Boat/Book/etc) Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,672
Businesses Nearby

Demographics for 07524, NJ

14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four-bedroom residence with a finished basement, solar panels, and on-site parking near shopping and transportation.
Where is this multifamily property located?
The property is located at 11 Mercer Street Paterson, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four‑bedroom, three‑bath residence; Finished basement; One parking spot
More about this property
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