See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

245 Jewett Ave, Jersey City, NJ, 07304

7beds
5baths
--sqft
$995,000
--price/sqft
$7,403/moest. monthly cost
$296,120/yrincome needed

About This Home

Located in the heart of Jersey City, 245 Jewett Ave offers the kind of flexibility buyers are always looking for. This beautiful two-family home features a standout duplex-style first unit with 4 bedrooms, two separate living areas, and a clean, modern design throughout. High-end finishes and a tankless water heater add both style and efficiency, creating a space that feels more like a single-family home than a typical multi. The layout works just as well for an owner-occupant as it does for an investor—live comfortably in the duplex while generating income from the second-floor unit, which is currently tenant-occupied with a lease in place through July. The separation of space makes it easy to enjoy privacy while still benefiting from steady rental cash flow. Adding to the upside, the current owner has already secured approvals from the town and in accordance with bylaws to convert the property into two condominiums—giving the next owner a valuable head start on a high-potential exit strategy. Set in one of Jersey City’s fastest-growing neighborhoods, you’re close to Liberty State Park, light rail access, local shops, and everyday conveniences. Bergen-Lafayette continues to see strong demand, making this a smart long-term hold or immediate income-producing asset. Whether you’re looking to invest or settle into a home with built-in upside, this property checks both boxes without compromise.

Getting Around

93
WalkingWalker's Paradise
66
TransitGood Transit
67
BikeBikeable

Schools

Construction

Materials

  • Construction materials: Aluminum Siding,Stone

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: Central Air,Other

Property

Details

  • Parcel number: 0616402000000009
  • Exclusions: See remarks

Parking

  • Parking features: 1 Car,See Remarks

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
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
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 $5,031$60,372
Home Insurance *$430$5,160
Property Taxes $1,749$20,988
Electricity $193$2,318
Total$7,403$88,836
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$253,817/yr
40% on housing$222,090/yr
45% on housing$197,413/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$385
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
2026-04-23Listed for sale$995,000
2019-12-06Sold$846,000
2019-10-21Listed for sale$999,999
2019-10-21Pending sale$999,999
2019-07-31Listed for sale$999,999
2018-10-04Sold$400,000
2018-07-05Listing removed$439,000
2018-06-10Listed for sale$439,000

For Sale by Agent

AgentLILLY SHAMAM
BrokerageKELLER WILLIAMS EAST MONMOUTH

Similar Homes