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$ 995,000
Est. payment | /mo
1,742 Sqft Lot
$ 995,000
Est. payment | /mo
1,742 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Municipality Jersey City (JER)
MLS Listing ID 22615522
Year Built 1890
Annual Tax Amount $19,593
Tax Year 2025
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 25.01 x 72.44
Property Sub-Type Duplex
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Located in the growing West Bergen section of Jersey City, 245 Jewett Ave presents a rare investment opportunity with immediate income and significant upside through condominium conversion. This legal two-family property offers investors the chance to acquire an asset in one of Jersey City's evolving neighborhoods while already being positioned for future redevelopment potential. The spacious, duplex-style first unit features 4 bedrooms, two living areas, modern finishes, and a tankless water heater, which strongly appeals to future condominium resale buyers. Unit 2 features 3bd/2bath, currently tenant-occupied through July, providing immediate rental income while plans move forward. What truly separates this property from others on the market is that the current owner has already secured approvals from the town and in accordance with bylaws to convert the property into two separate condominiums. This gives the next owner a major head start by avoiding much of the time, cost, and uncertainty typically associated with the approval process. What truly separates this property from others on the market is that the current owner has already secured approvals from the town and in accordance with bylaws to convert the property into two separate condominiums. This gives the next owner a major head start by avoiding much of the time, cost, and uncertainty typically associated with the approval process.
Location
State NJ
County Hudson
Area None
Building/Complex Name None
Direction USE GPS
Rooms
Basement Finished, Walk-Out Access, Full, Heated
Interior
Heating Forced Air
Cooling Central Air
Flooring Laminate
Exterior
Exterior Feature Deck
Parking Features Other, None
Roof Type Shingle
Garage No
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Deck
Others
Senior Community No
Tax ID 06-16402-0000-00009
Listed by Keller Williams Realty East Monmouth
Mortgage Calculator
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Amenities & Attractions
Educational Environment
Elementary Schools (8)Middle Schools (5)High Schools (1)
Name
Category
Grades
Library
Ratio
6/10
The Ethical Community Charter School
95 Broadway, Jersey City, NJ 07306
Public
KG - 5
No
8:1 STUDENTS/TEACHERS
5/10
Learning Community Charter School
2495 John F Kennedy Blvd, Jersey City, NJ 07304
Public
PK - 8
No
15:1 STUDENTS/TEACHERS
5/10
Mahatma K. Gandhi School
143 Romaine Ave, Jersey City, NJ 07306
Public
PK - 8
No
12:1 STUDENTS/TEACHERS
4/10
PS # 33
362 Union St, Jersey City, NJ 07304
Public
PK - 4
No
12:1 STUDENTS/TEACHERS
4/10
Dr. Charles P. Defuccio School
214 Plainfield Ave, Jersey City, NJ 07306
Public
PK - 8
No
11:1 STUDENTS/TEACHERS
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