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Vacant Duplex Ready for Renovation
For Sale
$599,977

221 OLEAN AVE, Jersey City, NJ 07306

2 Family, Multi-Level, Jersey City, NJ

Property SizeContact for details
Days on Market162

Property Features for 221 OLEAN AVE

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Directions OFF WESTSIDE AVENUE AND DUNCAN AVENUE
Subdivision JC, Journal Square
Standard status Active

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3362

Building Details

Architectural style Other
Listing Agency: HOMELAND EMMANUEL OKOYE REALTY
Listed By: EMMANUEL OKOYE · License #8935772
Added: Mar 26 Changed: Aug 27 Last Checked: Sep 3 at 5:06AM
MLS# 260005386

Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This vacant duplex is being offered in its existing condition, with the interior gutted to the frame. The property presents a two-family configuration and can be evaluated for renovation or replacement construction, subject to applicable approvals. A basement is also identified as part of the property layout.

The building is positioned near St. Peter’s University, Journal Square PATH service, Lincoln Recreational Park, shopping centers, and schools. Its Jersey City setting places several transportation, educational, recreational, retail, and community destinations within the surrounding area. The sale is strictly as-is.

Key Highlights

  • Vacant duplex with two‑family configuration
  • Interior gutted to the frame
  • Renovation or replacement construction potential, subject to approvals

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Acupuncture Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Carpet & Flooring Store

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,369
Businesses Nearby

Demographics for 07306, NJ

55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two-family structure offered in existing condition with the interior reduced to its framing for a future buildout.
Where is this duplex located?
The property is located at 221 OLEAN AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $599,977.
What are key features of this property?
This property features: Vacant duplex with two‑family configuration; Interior gutted to the frame; Renovation or replacement construction potential, subject to approvals
More about this property
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