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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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246 Pine St , Jersey City, NJ 07304
$1,499,000
Est. Payment: $8,180.66/mo
6 Bed
3 Bath
Status: active | Days on site: 34
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Susan Maryanski
Operator

House Description

Turnkey 3-Family Investment Opportunity at 246 Pine Street, Lafayette, Jersey City Exceptional income-producing property in one of Jersey City's most in-demand neighborhoods! This 3-unit building, with three spacious 2-bedroom/1-bath units totalling approximately 2,850 sq ft, plus a full basement for additional storage, was fully gut-renovated down to the studs in 2017 and is currently 100% tenant-occupied, offering a true turnkey opportunity for investors seeking stable cash flow with minimal near-term capital expenditure. During the renovation, the current owner rebuilt the entire building with an eventual condo conversion in mind, so the layout and systems are already positioned to support that path for a future owner. Set on a 25 x 90 lot, the property offers excellent scale for the neighborhood. Each unit showcases a stylish modern/industrial aesthetic with exposed ductwork, stainless steel appliances, custom cabinetry with tile backsplash, quartz countertops, and recessed lighting. Units feature large bedrooms with ample closet space, hardwood floors, ceiling fans, central air conditioning, in-unit washer/dryer, NEST thermostats, and video intercom entry. Every unit is individually heated with its own boiler, keeping utilities separate by unit and simplifying ownership and management. Outdoor space for each tenant plus a large shared yard is a key feature adding to strong tenant retention. Located just minutes from the Light Rail, Liberty State Park, and Liberty Science Center, with easy access to neighborhood favorites like Harry's Daughter, Sam I Am, Mordi's, and Grind Coffee Shop. Lafayette remains one of Jersey City's most sought-after rental submarkets, supporting continued demand and rent growth. Fully renovated, fully leased with three 2-bedroom units, and low-maintenance — an excellent addition to any investment portfolio. Rent roll and financials available upon request.

Highlights

Listed by LEDA DUIF , 201-653-8000 CORCORAN SAWYER SMITH , 201-653-8000. Hudson County Multiple Listing Service

Property Type

Multi-Family

HOA Fee

2

County

Hudson

Neighborhood

Bergen-Lafayette

Listing ID

260018732

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
  • ▪ 1/2 Bathrooms:3

Exterior Features

Lot Dimensions:25 X 89.7
Parking Features:Has Parking
Principal Interest
$8,181
Taxes
$1,551
HOA
$2

Home Price

$1,499,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$299,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,180.66

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $8,180.66 $1,551.25 $2.00 $9,733.91
Yearly $98,167.90 $18,615.00 $24.00 $116,806.90
Total $2,945,036.86 $558,450.00 $720.00 $3,504,206.86

Today's Rates

30 Year

7.25%

20 Year

7.06%

15 Year

6.58%

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Market insight data is pulled from the same city as the listing being viewed (Jersey City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Hudson County Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-23T05:04:20.200Z

© 2026 Hudson County Multiple Listing Service