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Renovated Multifamily Property with ADU
For Sale
$1,060,000

283 GRIFFITH ST JC, Jersey City, NJ 07307

Two residential structures provide multiple living areas, separate entrances, and flexible occupancy options.

Property SizeContact for details
Days on Market17

Property Features for 283 GRIFFITH ST JC

General Information

Standard status Active
Property subtype 3 Family

Additional Details

Public Transit Yes
Multifamily Units 4

Building Details

Buildings 2
Listing Agency: KELLER WILLIAMS CITY LIFE REALTY
Listed By: CHRISTOPHER PIECHOCKI · License #0233094
Source: Propertiesbysouthern
Added: Sep 9 Changed: Sep 23 Last Checked: Sep 24 at 5:28PM

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 KELLER WILLIAMS CITY LIFE REALTY

Investment Insights

Based on property information with market context.

This renovated multifamily property includes two separate residential structures. The primary building contains two apartments along with a finished basement suite. One apartment has two bedrooms and one full bathroom, while the other includes three bedrooms and one full bathroom. The basement suite adds a living area, full bathroom, and independent entrance.

A detached rear carriage house/ADU provides an additional three-bedroom, two-bath duplex with a private deck. The property is near Leonard Gordon Park, Pershing Field Park and Reservoir, Riverview-Fisk Park, and Palisade Avenue. A laundromat is located around the corner, and bus service connects JFK Boulevard with Journal Square PATH and the NYC Port Authority.

Key Highlights

  • Two separate residential buildings on one property
  • Primary building includes two apartments plus a finished basement suite
  • Apartment layouts include 2 bedrooms and 1 full bath, and 3 bedrooms and 1 full bath

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Catering Service Nursing Home Acupuncture Locksmith Veterinary Clinic Clothing & Fashion 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,503
Businesses Nearby

Demographics for 07307, NJ

44,247
Population
18,762
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
23,288
Density / Sq Mi
$80,745
Median Household Income
$52,729
Median Earnings
$1,708
Median Rent
$574,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two residential structures provide multiple living areas, separate entrances, and flexible occupancy options.
Where is this multifamily property located?
The property is located at 283 GRIFFITH ST JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Two separate residential buildings on one property; Primary building includes two apartments plus a finished basement suite; Apartment layouts include 2 bedrooms and 1 full bath, and 3 bedrooms and 1 full bath
More about this property
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