Under Contract Multi-Family MLS# 4029825

59 Mercer St

Paterson City, NJ 07524

$795,000

garden-state-mls logo

About 59 Mercer St

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.

Property details

Property

Type
multi
Year built
2024
Lot
0.05 ac
List date
May 25, 2026

Schools

District
Paterson City School District

Location

Subdivision
Riverside
Neighborhood
Riverside

Ask about this property

Questions on 59 Mercer St, Paterson City, NJ 07524, or want to see it in person?

Listed by KELLER WILLIAMS PROSPERITY REALTY

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.