2-4 Family Home For Sale in Jersey City, NJ
MLS# : 26012793
PROPERTY DETAILS
PROPERTY DESCRIPTION
Investors and owner-occupants take note a turnkey 2-family with a built-in value-add opportunity in Jersey City.41 Arlington Avenue is a legal 2-family home on an R-1 zoned lot in Jersey City. Two income-producing units in place from day one and the opportunity doesn't stop there. Under Jersey City's current zoning, an Accessory Dwelling Unit (ADU) is permitted in a detached accessory structure in addition to the units in the principal building. The existing garage on this property is a prime candidate for conversion into a fully legal third unit no variance required, no board approval needed. Three doors on one lot. Legal 2-family R-1 zoning 1,734 sq ft lot ADU permitted in detached accessory structure garage conversion opportunity 3rd income-producing unit without a variance No off-street parking required Immediate cash flow with upside built in Buy it as a 2-family. Build the ADU. Own 3 income streams. DISCLAIMER - PROSPECTIVE BUYERS PLEASE DO YOUR OWN DUE DILIGENCE.
Amenities
This listing is a courtesy of RE/MAX Professionals 1
973-450-4000 office, listing agent Jorge Velasquez
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): | $752,459 |
| Homes Sold* (12mo): | 179 |
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 : | $300,000 - 2,950,000 | 47 |
| Condos : | $165,000 - 6,499,000 | 510 |
| Co-ops : | $350,000 - 554,000 | 4 |
| Twnhs : | $175,000 - 2,300,000 | 12 |
| 2-4 Fam : | $415,000 - 1,895,000 | 117 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 3 |
| Land : | $600,000 - 4,800,000 | 22 |
| Rentals : | $1,650 - 5,500 | 46 |
| Mixd Use : | $1,400,000 - 1,550,000 | 3 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 698,888 | 11 |
