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Residential Income Multifamily Property
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493 Monmouth St, Jersey City, NJ 07302

Residential income multifamily property in Hamilton Park with easy access to Grove St PATH Station and major regional routes.

Property SizeContact for details
Days on Market122

Property Features for 493 Monmouth St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Providence Real Estate Advisors
Listed By: Daniel Aviles · License #NJ 1431064
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 6:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Providence Real Estate Advisors

Investment Insights

Based on property information with market context.

This residential income multifamily property is located in the Hamilton Park neighborhood of Downtown Jersey City. The area is described as having a strong mix of nearby restaurants, parks, and local shops and businesses, with close proximity to Newark Avenue and Grove Street.

Access is a key feature, with the Grove St PATH Station just a quick 10-minute walk away. The property is also positioned for regional connectivity, with a 0.75-mile drive to the Holland Tunnel and I-78 entrances.

The listing information provided does not include unit count, building size, or on-site features, so prospective buyers and tenants should confirm detailed property specifics during due diligence.

Key Highlights

  • Residential income multifamily property in the Hamilton Park neighborhood of Downtown Jersey City
  • Close to Newark Avenue and Grove Street, noted as the heart of the city and epicenter of development in the area
  • About a 10‑minute walk to Grove St PATH Station

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Home Appliance Store Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Adult Day Care Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,957
Businesses Nearby

Demographics for 07302, NJ

57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Residential income multifamily property in Hamilton Park with easy access to Grove St PATH Station and major regional routes.
Where is this multifamily property located?
The property is located at 493 Monmouth St Jersey City, NJ.
What are key features of this property?
This property features: Residential income multifamily property in the Hamilton Park neighborhood of Downtown Jersey City; Close to Newark Avenue and Grove Street, noted as the heart of the city and epicenter of development in the area; About a 10‑minute walk to Grove St PATH Station
More about this property
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