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143 Terrace Ave, Jersey City, NJ, 07307

8beds
3.1baths
3,350sqft
$1,100,000
$328price/sqft
$8,095/moest. monthly cost
$323,800/yrincome needed

About This Home

Welcome to 143 Terrace Ave, a rare 3-family opportunity in the highly desirable Heights section of Jersey City. Whether you're an investor seeking strong upside or an owner-occupant looking to offset your mortgage, this property offers the perfect blend of income potential, flexibility, and location.The building features three separate units with individually metered utilities, making management efficient and expenses more predictable. Current rents are below market, presenting a clear opportunity for a new owner to increase income and maximize returns over time.Additional highlights include a highly valuable two-car garage plus two additional parking spaces a true premium in Jersey City adding both convenience and income potential.Ideally situated on a residential street while still close to NYC transportation, major highways, shopping, dining, and parks, this property benefits from strong tenant demand and long-term appreciation potential.Whether you choose to live in one unit and rent the others or fully capitalize on its income-producing capabilities, 143 Terrace Ave is a smart investment in one of Jersey City's most sought-after neighborhoods

Getting Around

84
WalkingVery Walkable
57
TransitGood Transit
47
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1972

Materials

  • Roof: Asphalt Shingle,Flat
  • Construction materials: Aluminum Siding,Composition Shingle

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Range/Oven - Gas,Refrigerator,Washer
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3.1
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • See Remarks,Bedrooms,Dining Room,Kitchen,Living Room,Pantry

Heating & Cooling

  • Heating features: 3 Units,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,350
  • Total interior livable area: 3,350 sqft

Property

Details

  • Parcel number: 1806025020000000410000
  • Zoning description: RES

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Patio & porch: Deck,Open Porch(es),Porch

Lot

  • Lot size: 6,098 sqft
  • Lot size dimensions: 29.58 x 200

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width,Additional Parking,Attached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 2