245 Jewett Avenue, Jersey City, NJ 07304
MULTI_FAMILY - Jersey City, NJ
Property Features for 245 Jewett Avenue
General Information
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Investment Insights
Based on property information with market context.
The duplex setup includes a spacious first unit with four bedrooms and two living areas, along with a tankless water heater. Unit 2 is a three-bedroom, two-bath configuration that is currently tenant-occupied through July, supporting immediate rental income while future plans are carried forward.
A key factor is that the current owner has already secured approvals from the town, in accordance with bylaws, to convert the property into two separate condominiums. The approvals provide a streamlined head start versus beginning the permitting process from scratch.
Key Highlights
- Legal two‑family duplex on a 0.04‑acre lot
- Deck and shingle roof; laminate flooring throughout
- Forced‑air heating with central air conditioning
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Trade Area within ½ mile
Demographics for 07304, NJ
Market
Vacancy Rate% for Multifamily in Northeast region