The Costanza Read · how this price compares
$995,000
median ask for comparable 2-bed multi-family homes in Jersey City is $999,000 · based on 183 active listings
At $995,000, this home is priced right in line with the median for its class. Priced about where the market is.
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About this home
Rebuilt in 2019 and already 80% approved for conversion into two separate condominiums, 245 Jewett Avenue presents a rare opportunity to acquire a fully renovated two-family property with immediate income and substantial future upside. The current owner has completed much of the heavy lifting by securing the necessary municipal approvals and satisfying bylaw requirements for condominium conversion, providing the next owner with a significant head start and potentially saving considerable time, expense, and uncertainty. Located in Jersey City's growing West Bergen neighborhood, this legal two-family property offers multiple investment strategies. The first-floor duplex-style unit features 4 bedrooms, two spacious living areas, modern finishes, a tankless water heater, a private rear entrance, and a beautiful deck—creating strong appeal for future condominium resale or owner-occupancy. The second-floor unit is currently tenant-occupied through July, providing immediate rental income while future plans are pursued.
Whether held as a cash-flowing investment, owner-occupied with rental income, or repositioned through condominium conversion, the property offers flexibility rarely found in today's market. Conveniently located near Liberty State Park, the light rail, shopping, restaurants, and major commuter routes, West Bergen continues to benefit from strong buyer demand, ongoing de.
The details
Property Type2-Family
StatusActive · listed 71 days ago
List Price$995,000
Bedrooms2
Bathrooms5
LocationJersey City, NJ 07304
MLS #260007462
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Living on Jewett Ave
245 Jewett Ave sits on Jewett Ave in Jersey City. Journal Square, Downtown and the Heights each have their own distinct character. It's within reach of the PATH and the Hudson-Bergen Light Rail, putting Lower Manhattan and the Jersey City waterfront minutes away. The Holland Tunnel, Route 440 and the NJ Turnpike Extension keep the rest of the region close.
As a 2-bedroom 2-family in Jersey City, it's the kind of turnkey listing buyers watch for — and in this market, homes like this tend to move on the first weekend. If it fits what you're after, the smart move is to see it early.
245 Jewett Ave, Jersey City
Good to know
Is 245 Jewett Ave still available?
Yes — it's active on the Hudson County MLS (listed 71 days ago) at $995,000. Text Andrew Diaz at (551) 235-3473 to confirm and book a showing.
How many bedrooms and bathrooms does 245 Jewett Ave have?
It offers 2 bedrooms and 5 bathrooms.
How do I see 245 Jewett Ave in person?
Tap “Request a tour,” drop your name and number, and Andrew Diaz will text you back within minutes with showing times — including this weekend.
