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    40-42 Spruce St Jersey City, NJ 07306

    Picture of Land at Spruce St 40-42, Jersey City, NJ
    For Sale
    $1,600,000

    Multi-Family, 2-Two Story, Fixer Upper - Jersey City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    99
    Last Refresh:
    Dec 10 at 8:06 pm

    Property Features for 40-42 Spruce St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    2
    Parking
    2
    Basement Y/N
    1
    Lot size
    0.06 Acres

    Utilities

    Heating system
    See Remarks (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1905
    Number of units
    2
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Keller Williams Realty (908) 273-2991 [email protected]

    Listing agent KIMBERLY CURTIS (908) 273-2991

    Listing date Sep 3, 2025

    MLS# 3984612 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jersey City Development Opportunity

    This offering presents an exceptional chance for developers and investors to capitalize on the robust growth and demand for housing in this vibrant urban landscape. Located in the desirable "Sparrow Hill" section of Jersey City Heights, two adjacent lots are available at 40 and 42 Spruce Street. The combined lots offer investors the potential for up to twelve dwelling units. The lots are 0.06 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.06167
    Latitude
    40.74194

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    FAQs

    What type of property is this?
    Land - Two adjacent lots in Jersey City's Heights section.
    Where is this land located?
    The property is located at 40-42 Spruce St Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Prime location in the highly sought-after Heights section of Jersey City.; - Rare opportunity to acquire two adjacent lots.; - Potential for up to twelve (12) dwelling units if lots are combined.
    (908) 273-2991
    Request Owner's contact information
    40-42 Spruce St Jersey City, NJ 07306
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    Jersey City, NJ 07306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40-42 Spruce St Jersey City, NJ 07306
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