612 Palisade Ave Jersey City, NJ 07307
The Heights NeighborhoodEstimated payment $10,688/month
Highlights
- Rowhouse Architecture
- 3-minute walk to 9Th Street - Congress Center
- Central Air
- Dr Ronald McNair High School Rated A+
- Living Room
- Dining Room
About This Home
Don’t miss this exceptional investment property in a prime location! This 3-story mixed-use building features two spacious residential units above a commercial space, offering strong rental income and future potential. Each residential unit boasts 3 bedrooms, 2 bathrooms, and over 1,500 sq. ft. of living space, plus access to a private back deck. The top-floor unit is rented for $2,900/month (lease ends 1/31/26), while the second-floor unit rents for $2,850/month (lease ends 2/28/26). Both units are updated with hardwood flooring throughout, plenty of closets for storage, central A/C & heat, plus in-unit laundry! Under market value rents. The kitchens have stainless steel appliances and granite counters complete with breakfast bars. The ground-floor commercial space spans approximately 1,500 sq. ft., includes a very large bathroom, and offers backyard access—ideal for various business uses. Located just three blocks from Riverview Fisk Park, two blocks from Washington Park, and close proximity to the 9th Street Light Rail elevator, this property is also on the NJ Transit 190 Bus line with direct service to NYC Port Authority. A fantastic opportunity for investors—schedule a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,954
Home Design
- Rowhouse Architecture
- Brick Exterior Construction
Interior Spaces
- Living Room
- Dining Room
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
Utilities
- Central Air
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,954 | $1,162,300 | $189,900 | $972,400 |
| 2024 | $26,117 | $1,162,300 | $189,900 | $972,400 |
| 2023 | $26,117 | $1,162,300 | $189,900 | $972,400 |
| 2022 | $24,618 | $1,162,300 | $189,900 | $972,400 |
| 2021 | $18,643 | $1,162,300 | $189,900 | $972,400 |
| 2020 | $18,713 | $1,162,300 | $189,900 | $972,400 |
| 2019 | $17,899 | $1,162,300 | $189,900 | $972,400 |
| 2018 | $1,853 | $1,162,300 | $189,900 | $972,400 |
| 2017 | $9,711 | $132,800 | $26,300 | $106,500 |
| 2016 | $9,588 | $132,800 | $26,300 | $106,500 |
| 2015 | $9,315 | $132,800 | $26,300 | $106,500 |
| 2014 | $9,255 | $105,000 | $26,300 | $78,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Price Changed | $1,600,000 | -3.0% | -- |
| 03/31/2025 03/31/25 | For Sale | $1,650,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $300,000 | Stewart Title Guaranty Co | |
| Deed | -- | -- | |
| Deed | $13,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Commercial | |
| Closed | $180,000 | Commercial | |
| Previous Owner | $50,000 | Commercial |
Source: Hudson County MLS
MLS Number: 250007199
APN: 06-01703-0000-00047
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