2-4 Family Home For Sale in Jersey City, NJ
MLS# : 260008504
PROPERTY DETAILS
PROPERTY DESCRIPTION
109 Grace St. is a spacious two-family home located in the heart of Jersey City Heights, sitting on a 25 x 100 lot with excellent potential for both end users and investors. With high ceilings, great bones, and a mostly finished basement, this property offers the kind of space and flexibility that is getting harder to find. The home can be delivered vacant, making it an ideal opportunity for an owner-occupant looking to live in one unit while collecting rental income from the other, or for a builder looking for their next condo conversion project. There is also room for a parking spot in front, adding extra convenience and value. Conveniently located near local shops, restaurants, parks, and everyday essentials, with easy access to Central Ave, Palisade Ave, Hoboken, Downtown Jersey City, and New York City via nearby NJ Transit bus lines and light rail connections, this location offers strong accessibility for both commuters and residents alike. A solid opportunity in Jersey City Heights with multiple paths for added value and long-term upside.
Amenities
This listing is a courtesy of SERHANT NEW JERSEY LLC
973-315-5959 office, listing agent ANDREW SANDERSON
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 |
