5+ Mixed Use For Sale in Jersey City, NJ
MLS# : 24037110
PROPERTY DETAILS
PROPERTY DESCRIPTION
This rare, fully occupied 7-unit multifamily property in the heart of Jersey City is a turnkey investment generating strong and consistent cash flow. Featuring a mix of spacious 1- and 2-bedroom apartments, the building is 100% occupied by stable, long-term tenants on month-to-month leases, providing reliable income with potential for rent increases. Ideally located in a high-demand rental area, it's close to PATH trains, less than a mile from Danforth Light Rail, and near major bus lines, making it highly attractive to commuters and locals alike. This well-maintained property, with recent updates and the potential to add on-site laundry, offers unmatched convenience with easy access to public transportation, major highways, and NYC just minutes away. Don't miss this chance to invest in one of Jersey City's most sought-after neighborhoods!
Amenities
This listing is a courtesy of Realty One Group Paramount
(201) 347-3255 office, listing agent Michael Vera-Silva
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): | $676,026 |
| Homes Sold* (12mo): | 213 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $653,404 |
| Apatments Sold* (12mo): | 1,041 |
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 : | $349,000 - 3,495,000 | 78 avail |
| Condos : | $155,000 - 6,995,000 | 434 avail |
| Co-ops : | $549,000 - 549,000 | 1 avail |
| Twnhs : | $424,999 - 1,869,000 | 13 avail |
| 2-4 Fam : | $425,000 - 3,495,000 | 140 avail |
| 5+ Fam : | $1,200,000 - 2,999,999 | 5 avail |
| Land : | $399,000 - 6,750,000 | 16 avail |
| Rentals : | $1,546 - 7,295 | 66 avail |
| Mixd Use : | $1,200,000 - 3,500,000 | 10 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $70,000 - 2,000,000 | 7 avail |
