2-4 Family Home For Sale in Jersey City, NJ
MLS# : 250010137
PROPERTY DETAILS
PROPERTY DESCRIPTION
(2) Two-Family Investment with Approved Development Plans | Prime Journal Square Location. Rare opportunity to acquire a fully occupied two-family properties sitting on two adjacent lots (totaling 6,683 SQF) in the heart of Journal Square — just 500 feet from the PATH station. Currently configured as four residential units across two buildings with a combined 11 bedrooms, 4 full bathrooms, and 1 half bath, the property includes 4 private parking spaces and rear yards for both structures. All tenants are currently on month-to-month leases, generating a gross annual income of approximately $127,000 with significant upside potential. Taxes and Sq Footage, etc. per NJ Tax Records and should be independently verified.
Amenities
This listing is a courtesy of HUDSON DIGS REALTY LLC
201-737-9999 office, listing agent CINDY WHALEN
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| Population: | 267,345 |
| Total Housing Units: | 104,018 |
| Single Family Homes: | 36,684 |
| Apartments: | 67,334 |
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $715,928 |
| Homes Sold* (12mo): | 228 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $667,015 |
| Apatments Sold* (12mo): | 1,089 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $350,000 - 3,495,000 | 56 |
| Condos : | $150,000 - 4,048,000 | 486 |
| Co-ops : | $475,000 - 839,000 | 5 |
| Twnhs : | $499,000 - 2,099,000 | 10 |
| 2-4 Fam : | $330,500 - 3,495,000 | 116 |
| 5+ Fam : | $1,200,000 - 1,650,000 | 3 |
| Land : | $325,000 - 7,500,000 | 22 |
| Rentals : | $1,600 - 4,350 | 55 |
| Mixd Use : | $649,999 - 1,650,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 7 |
