227 7TH ST, Jersey City, NJ 07302
Hudson County
Key Facts
Listing Courtesy: EXP REALTY LLC - CELL: 917-518-1588
Description
Prime Mixed-Use Investment Opportunity Near Hamilton Park! Unlock the potential of this strategically located mixed-use property with a private garage, featuring two spacious residential units above a commercial restaurant space. This property offers a strong foundation with built-in cash flow and significant upside for investors or owner-occupied buyers. Improve the units, raise the rents and capitalize on a prime location with high tenant demand. The ground floor commercial space is currently occupied by a well-established restaurant and includes a full kitchen setup. Above, you'll find two well-laid-out 2-bedroom, 1-bath residential units. Unit 2 is currently vacant, offering immediate upside for new tenants or potential owner-occupancy. Unit 3 can be delivered vacant, opening the door to increased rental income through renovation. Situated just around the corner from Hamilton Park and within walking distance to Newport Mall, Grove and Newport PATH stations. Close proximity to a vibrant selection of shops, dining, and public transit options.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Style
Multi-Level
Garage Spaces
1
Days on Market
257
MLS® Listing#
250021485
Property Features
Cooling
Heating
Basement
Construction
Financial Details
Annual Taxes
$18,565
Tax year 2024
Affordability Calculator
$319,000
Estimated monthly payment
$8,489/mo
Principal $1,276,000 · Est. interest $1,780,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Jersey City, NJ
- $613,734
- Median Listing Price
- 48
- Median Days on Market
- 1,358
- Median Sq Ft
- $428
- Median Price / Sq Ft
- 3,172
- Active Listings
- This home’s price is 160% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Jersey City, NJ.
Location
Points of Interest in Jersey City, NJ
Showing the Jersey City area map.
Nearby Schools
Be Lingual
School · 0.1 mi away
Hamilton Park Montessori School
Elementary · 0.1 mi away
Rafael de J Cordero School
Elementary · 0.1 mi away
The Scandinavian School of Jersey City
School · 0.2 mi away
Gym
School · 0.2 mi away
McNair Academic High School
Secondary · 0.2 mi away
229 Third
School · 0.2 mi away
The French American Academy
School · 0.2 mi away
The Soccer Learning Center
School · 0.2 mi away
Explore Middle School
Secondary · 0.2 mi away
Jersey City Art School
School · 0.3 mi away
Montessori School
Elementary · 0.3 mi away
Smile Preschool and Nursery
School · 0.3 mi away
World of ABC, the Waldo School
School · 0.3 mi away
The Embankment School
Elementary · 0.4 mi away
The Waldo School
School · 0.4 mi away
Dr. Michael Conti Public School 5
Elementary · 0.5 mi away
William L. Dickinson High School
Secondary · 0.6 mi away
James J. Ferris High School
Secondary · 0.6 mi away
Viaquenti Academy
School · 0.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1909 NEW YORK AVE, Union City, NJ | $1,149,000 | 9 | — | — |
| 4724 West 1, Ocean City, NJ | $1,149,000 | 3 | — | 1,372 |
| 3330 Asbury 2, Ocean City, NJ | $1,149,000 | 3 | — | 1,200 |
| 633 Asbury Ave B 2, Ocean City, NJ | $1,149,900 | 4 | — | — |
| 1122 Ocean 1st Floor 1, Ocean City, NJ | $1,149,900 | 3 | — | 1,165 |
| 485 PALISADE AVE 4, Jersey City, NJ | $1,150,000 | 3 | 2 | 1,410 |
