2-4 Family Home For Sale in Bayonne, NJ
 

MLS# : 240018198

Street : 124 WEST 20TH ST
Price : $700,000
Town : Bayonne, NJ 07002
Annual Taxes : $12,197

PROPERTY DETAILS

# of Rooms :
Bedrooms :
Full Baths :
Half Baths :
Basement : Partial Finish
Year Built :
Lot Size :
Style : Colonial
Exterior Finish : Brick
Exterior : Brick
Heat/Cool : A/C Window, Baseboard, Gas, Radiators

PROPERTY DESCRIPTION

This well-maintained multi-family property offers both immediate rental income and long-term potential for owners and investors alike. With two large apartments, respectful long-term tenants, and a 7kW solar system, this home provides a unique combination of comfort, sustainability, and financial benefits. Two Spacious Apartments: · Apt 1 (First Floor Duplex): This unit offers 2 bedrooms and 1.5 bathrooms across two levels, including a basement with 2 additional rooms, a bathroom, and a shower. · Apt 2 (Upstairs Unit): A 2-bedroom, 1-bathroom apartment with a bright and open layout. Modern kitchen and spacious rooms. Both tenants are long-standing, reliable, and would prefer to remain in the property. However, if the new owner decides to occupy one of the units, the tenants are open to moving upon request. 7kW Solar System: This property comes with a 20-panel, 7kW solar array, offering substantial energy savings. The system produces between 8,500 to 10,000 kWh annually, resulting in estimated savings of $1,360 per year. Over the next 7 years, this could lead to total savings of $9,520 based on current electricity rates in Bayonne. The solar system not only helps lower utility bills but also adds value to the home with sustainable energy production. Outdoor Living Space: Enjoy a private backyard with a working jacuzzi—perfect for relaxation or entertaining. The yard offers additional space for gardening, outdoor seating, and gatherings. Prime Location: Located in the thriving city of Bayonne, this home enjoys a prime location near everything you need: · Public Transportation: The 22nd Street Light Rail Station is just 0.5 mile, providing quick access to Jersey City, Hoboken, and NYC. Convenient bus routes are also nearby. · Schools and Parks: Close to highly rated schools like Henry E. Harris Community School and Bayonne High School. For recreation, enjoy the nearby G. Thomas DiDomenico Park and Dennis P. Collins Park, both offering beautiful green spaces, playgrounds, and waterfront views. · Local Amenities: The home is close to a variety of shopping centers, restaurants, and everyday conveniences. · Major Attractions: Just a short drive from Newark Airport, the American Dream Mall, and MetLife Stadium, making it perfect for those who want quick access to entertainment and travel hubs.

Amenities

This listing is a courtesy of WEICHERT REALTORS
201-339-8282 office, listing agent SANJAY MITTAL

About Bayonne, NJ Real Estate Market

Situated on a peninsula between Newark Bay, Kill Van Kull and New York Bay in the Gateway Region, Bayonne is a city located in Hudson County of New Jersey state. The city has more than 70,000 people living as residents and was originally formed as a township from the portions of Bergen Township in 1861. In 1869, Bayonne was established as a city by an act of the New Jersey Legislature, which also resulted in the replacement of Bayonne Township.

Apart from having houses belonging to New Jersey real estate, the other forces which drive the economy of Bayonne are traditional manufacturing, maritime activities and distribution. The Cape Liberty Cruise Port located in Bayonne is a part of the Port of New York and New Jersey. Originally inhabited by Native Americans, Bayonne was claimed by the Netherlands when Henry Hudson discovered the Hudson River and places around it.

Spanning over 11.09 square miles, Bayonne shares its borders with Jersey City and is connected to Staten Island by the Bayonne Bridge. The main places of interest in Bayonne are the Bayonne Bridge, which is the fifth-largest steel arch bridge in the world, Bergen Point and a bird sanctuary on Shooters Island.
Population:  60,457
Total Housing Units:  22,712
Single Family Homes:  13,899
Apartments:  8,813
General Tax Rate (2023):  2.682%
Effective Tax Rate (2023):  2.000%
Compare To Other Towns

Bayonne Market Indicators

PRICE INDEX

Average Price* (12mo):  $539,248
Homes Sold* (12mo):  77
PRICE INDEX
SINGLE FAMILY HOME SALES

Bayonne, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $298,351
Apatments Sold* (12mo):  53
PRICE INDEX
APARTMENT SALES

Bayonne, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  2.682%
Effective Tax Rate (2023):  2.000%
GENRAL TAX RATE - Bayonne, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
917-863-6560 (cell)

Madisom Adams Sales Associate Cindy Chiashin Shih


Sales Associate
610-844-6866 (cell)

Madisom Adams Sales Associate Maria Cisneros Martinez


Sales Associate
201-982-0358 (cell)

Madisom Adams Sales Associate Yuriy Zatuchny


Real estate inventory
Bayonne
Homes : $469,999 - 1,495,000 22 avail
Condos : $169,900 - 620,000 21 avail
Co-ops : $239,000 - 262,500 2 avail
Twnhs : $599,000 - 599,000 1 avail
2-4 Fam : $499,000 - 1,300,000 20 avail
5+ Fam : $1,999,900 - 1,999,900 1 avail
Land : $250,000 - 749,000 3 avail
Rentals : $1,750 - 3,250 9 avail
Mixd Use : $1,999,900 - 1,999,900 1 avail
Com S : -
Com L : -
Biz : -


Similar Listings in Bayonne

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 11/21/2024 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com