Rebuilt Three-Family Investment
For Sale
$795,000
Pending
59 Mercer Street, Paterson, NJ 07524
Totally rebuilt 2024 three-family property with high-end finishes.
Property Size9,999 SF
Days on Market216
Property Features for 59 Mercer Street
General Information
Standard status
Pending
Size
9,999 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,407
Amenities
9
6
6.0
21
Aluminum Siding, Stucco
Building Details
Year Built
2024
Listing Agency:
Keller Williams Prosperity Realty
Listed By:
Artur Tyszka · License #298814
(973) 513-2618
Source:
Compass
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 26 at 7:10PM
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 Keller Williams Prosperity Realty
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Investment Insights
Based on property information with market context.
This rebuilt three-family property, completed in 2024, offers a modern investment opportunity. Each of the three units features high ceilings and a three-bedroom, two-full-bath layout, complemented by central air conditioning. The residences include premium finishes and in-unit laundry. The property provides existing rental income and potential for further upside. Extremely low taxes enhance the financial appeal, creating a high-margin investment. Located near major NYC transportation hubs and primary highways, it is positioned to attract a consistent tenant pool. This property is suitable for investors looking to add a low-maintenance asset to their portfolio.
Key Highlights
- Totally rebuilt in 2024, offering a modern, low‑maintenance investment.
- Three spacious units, each with 3 bedrooms and 2 full baths, designed for high‑end renters.
- In‑unit laundry and central air conditioning in all units.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,099
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Totally rebuilt 2024 three-family property with high-end finishes.
Where is this triplex located?
The property is located at 59 Mercer Street Paterson, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Totally rebuilt in 2024, offering a modern, low‑maintenance investment.; Three spacious units, each with 3 bedrooms and 2 full baths, designed for high‑end renters.; In‑unit laundry and central air conditioning in all units.
