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This 3 multi-family property offers an excellent investment and homeownership opportunity in the centralized Journal Square neighborhood, with only the second-floor unit currently rented and the lease ending in July 2026 while the first and third-floor units are vacant and move-in ready, allowing immediate income generation. The building features a first-floor 1-bedroom unit, a second-floor 2-bedroom unit, and a third-floor 3-bedroom unit, with both the first and third-floor units recently renovated. Each unit has separate utilities, and sunlight streams through the large bay windows, highlighting the hardwood floors and classic finishes throughout. The property includes a long and private backyard where you can relax in the busy city life. Located directly on Summit Avenue and within walking distance to Journal Square PATH and neighborhood amenities, this property offers the perfect combination of location, flexibility, and rental income potential, while Jersey City is known for its vibrant community, growing shops and restaurants, and convenient proximity to NYC

6 Beds ⋅ 3 Baths ⋅ 260015856 MLS

270 1/2 Summit Ave, Jc, Journal Square

$1,499,900

Exceptional new construction 3-family investment opportunity in the heart of Journal Square. Designed with both owner-occupants and investors in mind, this thoughtfully crafted property features two spacious residences in the front building, each offering 3 bedrooms, 2.5 bathrooms, and a dedicated home office—perfect for today's flexible lifestyle. Each front unit showcases modern finishes, open-concept living spaces, designer kitchens, and generous bedroom layouts, creating an ideal blend of comfort and functionality. The primary suites feature private en-suite baths, while the additional powder rooms provide added convenience for guests. At the rear of the property, a beautifully designed accessory dwelling unit (ADU) offers 1 bedroom and 1.5 bathrooms, making it an excellent option for rental income, extended family, or a private guest residence. Built with quality craftsmanship and contemporary design throughout, this rare multi-family property presents an outstanding opportunity to generate strong rental income while enjoying all the benefits of new construction. Conveniently located near Journal Square PATH, shopping, dining, parks, and major transportation routes, this is urban living and investing at its finest.

7 Beds ⋅ 8 Baths ⋅ 260010758 MLS

463 Mallory Ave, Jc, Journal Square

The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than our company are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting. Information is deemed reliable but not guaranteed.

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