2-4 Family Home For Sale in Jersey City, NJ
MLS# : 250006619
PROPERTY DETAILS
PROPERTY DESCRIPTION
Handyman special!!! plenty of generational income awaits for you! Fantastic investment opportunity in the heart of Jersey City! This multi-family home offers a versatile layout with excellent income-generating potential. Unit 1 features 2 spacious bedrooms, a living room, dining area, and a full bath. Unit 2 includes 3 bedrooms, a comfortable living room, and a separate dining room. Unit 3 offers 2 bedrooms, living-room and kitchen. The basement adds even more value, offering 3 bedrooms, a shared living room, kitchen, and a full bath — each bedroom currently rented individually for additional income. Outside, the property boasts a long driveway with ample parking and a detached garage. This property offers close distance to all public transportation and entertainment areas. While the home does require some work, it offers tremendous potential for the right buyer. Ideal for investors or owner-occupants looking to customize and capitalize — this is an investor-friendly deal you don’t want to miss!
Amenities
This listing is a courtesy of EXP REALTY LLC
866-201-6210 office, listing agent AMI CRUZ
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): | $717,571 |
| Homes Sold* (12mo): | 222 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $659,610 |
| Apatments Sold* (12mo): | 1,088 |
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 : | $350,000 - 2,795,000 | 60 |
| Condos : | $199,000 - 4,048,000 | 441 |
| Co-ops : | $499,000 - 529,000 | 2 |
| Twnhs : | $449,000 - 1,700,000 | 15 |
| 2-4 Fam : | $365,900 - 2,750,000 | 121 |
| 5+ Fam : | $1,000,000 - 1,650,000 | 5 |
| Land : | $501,000 - 5,500,000 | 14 |
| Rentals : | $1,550 - 5,900 | 62 |
| Mixd Use : | $649,999 - 1,650,000 | 8 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 6 |
