245 Jewett Avenue, Jersey City, NJ 07304

$995,000
Property Type: Multi-Family Lot Size (sq. ft.): 1,742 Status: Active
Current Price: $995,000 List Date: 5/26/2026 Last Modified: 9/01/2026

Overview

Description

Located in the growing West Bergen section of Jersey City, 245 Jewett Ave presents a rare investment opportunity with immediate income and significant upside through condominium conversion. This legal two-family property offers investors the chance to acquire an asset in one of Jersey City's evolving neighborhoods while already being positioned for future redevelopment potential. The spacious, duplex-style first unit features 4 bedrooms, two living areas, modern finishes, and a tankless water heater, which strongly appeals to future condominium resale buyers. Unit 2 features 3bd/2bath, currently tenant-occupied through July, providing immediate rental income while plans move forward.

Supplements: What truly separates this property from others on the market is that the current owner has already secured approvals from the town and in accordance with bylaws to convert the property into two separate condominiums. This gives the next owner a major head start by avoiding much of the time, cost, and uncertainty typically associated with the appro ...

Listing Details MLS# 22615522

Contract Info

Property Sub-Type
Duplex

Location

House Number
245
Street Name
Jewett
Street Suffix
Avenue
County
Hudson
Municipality
Jersey City (JER)
Postal City
Jersey City
State
NJ
Zip Code
07304
Area/Section
None
Complex/Subdivision
None
Directions
USE GPS

General Property Info

# Units in Bldg
2
# Levels
2
Apx Year Built
1890
Fireplace
No
# Acres
0.04
Lot Dimensions
25.01 x 72.44
Garage
No
Pool
No
Waterfront
No
Waterview
No

Tax and Legal

Asmnt - Total
839100
Deed Restricted
No
Taxes
19593
Tax Year
2025

Unit 1

Master Bedroom Level
Yes
# Bedrooms
4
Bedroom Level
Yes
# Full Baths
3
# Half Baths
Yes
Kitchen Level
Yes
Living Room Level
Yes

Unit 2

Master Bedroom Level
2
# Bedrooms
3
Bedroom Level
2
# Full Baths
2
Kitchen Level
2
Living Room Level
2
Rent
3300

More Information

Property Features

Unit 1: Dishwasher; Dryer; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator; Washer; Washer Hookup; Water Heater; Water Meter Unit 2: Dishwasher; Dryer; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator; Washer; Water Heater; Water Meter Basement: Finished; Full; Heated; Walk-Out Access Floors: Laminate Cooling: Central Air Heating: Forced Air; Natural Gas Water Heater: Tankless Exterior: Deck Siding: Vinyl Roof: Shingle Garage: None Parking: Other Assessment Status: Assessed Showing: Call Agent; Showing Time
IDX
Listing Office: Keller Williams Realty East Monmouth
Listing Agent: Viviana Mejia
Source MLS Verified
Last Updated: September - 01 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.