430 Ocean Ave Under Contract Save Request In-Person Tour Request Virtual Tour
Jersey City,NJ 07305
Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3966728
Style See Remarks
Bedrooms 8
Full Baths 5
Year Built 1932
Annual Tax Amount $8,489
Tax Year 2024
Property Description
We are thrilled to present a prime investment opportunity in a rapidly developing neighborhood defined by strong job growth, new parks, convenient transit options, and major upcoming projects. Perfectly positioned near the Liberty Science Center expansion, SciTech City, Canal Crossing, and CineLease Studios, this property sits at the center of Jersey City?s next wave of transformation. Building features four units, three of which have been fully renovated with open layouts, modern kitchens with stainless steel appliances, in-unit washer/dryer, central HVAC, and hardwood floors. One of the renovated units includes an ensuite bath and private backyard access. The first-floor unit, currently unrenovated, offers a unique opportunity to convert into retail or mixed-use space, with potential for additional lower-level expansion given its commercial zoning. Surrounding developments?SciTech, CineLease, two new high schools, and Canal Crossing?come to fruition, the area is expected to welcome over 10,000 new residents creating tremendous demand for housing and retail. The neighborhood is also benefitting from newly constructed parks and playgrounds and Light Rail access connecting directly to hospitals and major employers. Property offers strong income potential through market-rate rentals, a long-term 15-year tenant, and secured workforce housing under a five-year lease. Don?t miss your chance to invest in this high-growth area with exceptional upside. Schedule your tour today!
Location
State NJ
County Hudson
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style See Remarks
Others
Senior Community No