$2,150,000

Est. payment -/mo

$2,100,000

2.4%

Est.Price: ?

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450-452 PALISADE AVE Jc Heights, NJ 07307

6 Baths

SOLD DATE : 10/03/2025

Key Details

Sold Price $2,150,000

Property Type Commercial

Sub Type Investment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 250014293

Sold Date 10/03/25

Full Baths 6

Annual Tax Amount $28,441

Lot Dimensions 4500

Property Sub-Type Investment

Property Description

Unique Investment Opportunity: Two adjacent, fully free-market 3-family buildings located in the heart of Jersey City Heights, one of the area's most desirable and rapidly appreciating neighborhoods. Highlights: ***6 Spacious 3-Bedroom / 1-Bath Units***No Rent Control – Capture full upside on future leases***Renovate to Achieve a Projected 7% Cap Rate ***Strong Location – Minutes to Hoboken, Downtown Jersey City, Weehawken & NYC***Combined Basement & Yard SpaceS***Not Railroad Style Layouts – Highly desirable floor plan***Current Gross: $155,160 ***Potential Gross: $244,800****This is a rare chance to acquire two side-by-side buildings with no rent restrictions, in a thriving neighborhood with strong rental demand. With targeted CapEx, investors can reposition the asset and drive rents to market, delivering significant yield growth and long-term appreciation.