2-4 Family Home For Sale in Jersey City, NJ
MLS# : 260008461
PROPERTY DETAILS
PROPERTY DESCRIPTION
Welcome to 77 Wallis Ave a 5 Bedroom 3 Bathroom 2-family property with excellent potential for both homeowners and investors. Featuring two separate units, this property offers flexibility for rental income, multi-generational living, or a value-add opportunity. The home provides a great foundation for further renovation or customization, making it ideal for buyers looking to enhance value and maximize its full potential. With generously sized rooms and a versatile layout, the property is well-suited for creating long-term income or tailoring the space to fit your vision. A spacious outdoor area adds even more appeal, offering endless possibilities for improvement, expansion, or entertaining. Located in Journal Square are of Jersey City, the property is just minutes from the PATH train for a convenient commute to New York City. Enjoy close proximity to the vibrant Journal Square district, known for its growing dining, shopping, and ongoing development. Also nearby is Newark Liberty International Airport, along with easy access to major highways for added convenience. A great opportunity to own a 2-family property with strong upside in a rapidly developing neighborhood. Potential rental income
Amenities
This listing is a courtesy of PROVIDENT LEGACY REAL ESTATE SERVICES LLC
201-809-9925 office, listing agent NATASHA PERSAUD
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 (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $741,776 |
| Homes Sold* (12mo): | 184 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $681,468 |
| Apatments Sold* (12mo): | 1,096 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $425,000 - 3,500,000 | 48 |
| Condos : | $165,000 - 6,499,000 | 539 |
| Co-ops : | $350,000 - 563,000 | 7 |
| Twnhs : | $425,000 - 2,499,000 | 15 |
| 2-4 Fam : | $415,000 - 2,950,000 | 118 |
| 5+ Fam : | $1,550,000 - 1,550,000 | 1 |
| Land : | $469,000 - 4,800,000 | 24 |
| Rentals : | $1,700 - 4,850 | 50 |
| Mixd Use : | $1,550,000 - 1,550,000 | 1 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 400,000 | 10 |
