246 Pine StJersey City, NJ 07304
Hudson County
Listing Courtesy: CORCORAN SAWYER SMITH - 2016538000
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Triplex
- Style
- Row House
- Days on market
- 8
- MLS® Listing#
- 260018732
Property Features
- Cooling
- Central Air
- Heating
- Forced Air
- Basement
- Full · Partially Finished
- Construction
- Aluminum Siding
Financial Details
- Annual taxes
- $18,615Tax year 2026
Jersey City Market Statistics
How this home compares to 990 active listings in Jersey City, NJ
| Jersey City median | This listing | |
|---|---|---|
| Median listing price | $738,340 | $1,580,000 |
| Median days on market | 41 | 8 |
| Median Sq Ft | 1,158 | — |
| Median price / Sq Ft | $597 | — |
Market statistics compiled from active EXIT Realty® and MLS listings in Jersey City, NJ.
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 206 Clendenny Ave, Jersey City, NJ | $1,599,000 | 6 | 5 | 3,088 |
| 83 LEXINGTON AVE MF, Jersey City, NJ | $1,525,000 | 6 | — | — |
| 173 BRUNSWICK ST, Jersey City, NJ | $1,599,000 | 7 | — | — |
| 463 MALLORY AVE, Jersey City, NJ | $1,499,900 | 7 | — | — |
