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16 Miller St, Jersey City, NJ, 07304

6beds
3baths
--sqft
$699,999
--price/sqft
$5,264/moest. monthly cost
$210,560/yrincome needed

About This Home

Attention builders, investors, and owner-occupants — here's your chance to secure a prime opportunity in Jersey City's growing WESO (West Side) neighborhood. Located at 16 Miller St, Jersey City, NJ 07305, this 25x100 R-1 zoned property offers exceptional upside and redevelopment potential while also serving as a great starter 2-family home with future development possibilities. As-of-right development allows for a 3-story, 2-family residence plus a detached Accessory Dwelling Unit (ADU) in the rear — creating the potential for 3 total income-producing units with a relatively straightforward approval process. For developers looking to maximize density, Jersey City's Affordable Housing Overlay (AHO) may allow the construction of up to 4 units in the principal structure plus the rear ADU, totaling 5 units, in exchange for a one-time affordable housing trust fund contribution. No on-site affordable units required. Property Highlights: • 25x100 lot | 2,500 sq ft • R-1 zoning • Existing 2-family home with future upside • Potential for up to 5 total units with AHO election • Up to 3 stories / 35 ft height allowance • No off-street parking requirement • No variance required for standard redevelopment scenario • Excellent opportunity for rental income, condo sellout, or long-term hold Ideally situated in Jersey City's evolving WESO (West Side) neighborhood, the property enjoys close proximity to Lincoln Park, one of the city's premier recreational destinations. Commuters will appreciate being approximately 13 minutes from the West Side Avenue Light Rail Station, providing convenient access to downtown Jersey City, Hoboken, and Manhattan connections. Residents also benefit from easy access to the numerous shopping centers, restaurants, grocery stores, and everyday conveniences located along the Route 440 commercial corridor. With nearby schools, parks, major transportation routes, and continued redevelopment throughout the West Side section of Jersey City, this property presents strong long-term value for investors, developers, and owner-occupants alike. Some pictures have been artificially cleaned up. Buyer is responsible for conducting their own independent due diligence with Jersey City zoning, planning, and building departments regarding permitted uses, approvals, density, Affordable Housing Overlay participation, and all development potential. Development opportunities with this level of flexibility are becoming increasingly difficult to find in Jersey City's rapidly growing West Side neighborhood — don't miss your chance to capitalize on the area's continued growth. Call today for more information.

Getting Around

81
WalkingVery Walkable
71
TransitExcellent Transit
68
BikeBikeable

Schools

5/10
Dr. Paul Rafalides SchoolGrades PK-40.2 mi
3/10
1/10
Lincoln High SchoolGrades 9-121.0 mi

Construction

Materials

  • Construction materials: Aluminum Siding,Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Multi Level
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Heating

  • Heating features: Baseboard

Property

Details

  • Parcel number: 0619106000000025

Parking

  • Parking features: 1 Car

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Cold Wave
Earthquake
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,539$42,468
Home Insurance *$302$3,624
Property Taxes $1,230$14,760
Electricity $193$2,318
Total$5,264$63,168
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$180,480/yr
40% on housing$157,920/yr
45% on housing$140,373/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07304$386
Hudson County$473

vs Homes Sold Last Month

Median $/sqft

ZIP 07304$412
Hudson County$411

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-02Listed for sale$699,999
2025-05-14Listing removed$750,000
2025-01-13Listed for sale$750,000
2023-12-19Listing removed--
2023-12-19Pending sale$720,000
2023-10-09Listed for sale$720,000
2023-10-02Pending sale$720,000
2023-08-04Price change$720,000
2023-07-26Listed for sale$780,000
2018-11-26Sold$375,000
2018-08-09Price change$380,000
2018-06-29Listed for sale$395,000
2014-07-15Sold$170,000
2012-04-16Listing removed$199,000
2011-04-18Listed for sale$199,000
2005-09-12Sold$320,000
2004-04-27Sold$268,000
2003-10-16Sold$190,000

For Sale by Agent

AgentSURAJ SHARMA
BrokerageREALTY OF AMERICA LLC

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