506 Liberty Avenue

Jersey City, NJ 07307

$775,000
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this wonderful income generating 2-family home in the flourishing Jersey City Heights. This spacious property features 5 beds, 2.5 baths, and recent updates to both units, including renovated baths & kitchens. With large rooms, a lovely backyard space and a charming front porch, it offers an inviting living experience. Hardwood floors top unit & new vinyl plank bottom unit. Priced attractively for investors or owner occupants, it generates approx. $5,000 per month in rental income for...Welcome to this wonderful income generating 2-family home in the flourishing Jersey City Heights. This spacious property features 5 beds, 2.5 baths, and recent updates to both units, including renovated baths & kitchens. With large rooms, a lovely backyard space and a charming front porch, it offers an inviting living experience. Hardwood floors top unit & new vinyl plank bottom unit. Priced attractively for investors or owner occupants, it generates approx. $5,000 per month in rental income for good cash flow or to offset the mortgage costs. Commuters will love the convenient access to Routes 1&9, NYC buses, Light Rail, Hoboken train station & PATH which are all only minutes away! Enjoy the vibrant Heights downtown area on Central Ave or the allure of Washington Ave in Hoboken w/ its abundance of shops, bars & restaurants. Don't miss out on this great investment opportunity! All of the interior photos are virtually staged since there are tenants currently living in both units.
  1. Listed by Michael Kowalski • Redfin Corporation • (609) 216-7035

Property Details for 506 Liberty Avenue

Style
2 Family
Sub style
Top/Btm
Waterfront
None
Garage
O/See Remk

Location

Listing Courtesy of Redfin Corporation, Michael Kowalski

Sold By Coldwell Banker, Hoboken, Jill Biggs

Add your commute
LISTING UPDATED: 09/06/2023 01:21 PM

Property Details for 506 Liberty Avenue

StatusSold
MLS #23016588
Days on Market46
Taxes$7,782 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Family
Year Built-
Lot Size0.06 AC / 2,479 SF
CountyHudson County

Location

Listing Courtesy of Redfin Corporation, Michael Kowalski

Sold By Coldwell Banker, Hoboken, Jill Biggs

Add your commute

Building Information for 506 Liberty Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.06 AC / 2,479 SF

Payment Calculator

$4,878 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,229

Property Taxes

$649

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 Liberty Avenue

Summary
Location and General Information
  • Area: 0906
  • Area name: Jersey City
  • Flood plain: None
  • Street Name: Liberty
  • County Name: HUDSON
  • Status: SOLD
  • Street Number Numeric: 506
  • Zip Code: 07307
Taxes and HOA Information
  • Tax: $7,782
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 2479.0
  • Lot: 00012
  • Year Built: 1960's, Renovated
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 01203
Property and Assessments
  • Photo: Y
  • Photo Number: 26
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Heat, Sep Water
  • Heatcool: Baseboard, Gas
  • Cooling Type: Baseboard, Gas
Interior and Exterior Features
Interior Features
  • Bedrooms: 5
  • Baths full: 3
  • Baths partial: 0
  • Floor 1St: LR, DR, Kitchen, 2 bedrooms, 2 full baths, laundry
  • Floor 2Nd: LR, DR, Kitchen, 3 bedrooms, 1 full baths
  • Basement: None
  • Basement Description: None
  • Number of rooms: 11
  • Laundry: In Unit
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, One Floor Living
  • Full Baths Total: 3
  • Num of Baths: 3.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Item Not Included: Personal items, furniture, tenant items
  • Items Included: All appliances in both units, washer/dryer on 1st floor
  • Search Class: 2to4
  • List Price: $789,500.00
  • Listing Date: 06-01-2023
  • Pending Date: 07-17-2023
  • Close Date: 09-06-2023
  • Status Date: 09-06-2023
  • Sale Price: $775,000
Showing Information
  • Internet Remarks: Welcome to this wonderful income generating 2-family home in the flourishing Jersey City Heights. This spacious property features 5 beds, 2.5 baths, and recent updates to both units, including renovated baths & kitchens. With large rooms, a lovely backyard space and a charming front porch, it offers an inviting living experience. Hardwood floors top unit & new vinyl plank bottom unit. Priced attractively for investors or owner occupants, it generates approx. $5,000 per month in rental income for good cash flow or to offset the mortgage costs. Commuters will love the convenient access to Routes 1&9, NYC buses, Light Rail, Hoboken train station & PATH which are all only minutes away! Enjoy the vibrant Heights downtown area on Central Ave or the allure of Washington Ave in Hoboken w/ its abundance of shops, bars & restaurants. Don't miss out on this great investment opportunity! All of the interior photos are virtually staged since there are tenants currently living in both units.
Rental
Rental Information
  • Floor Lease 1St: MTM
  • Floor Lease 2Nd: Apri1 2024

Property History for 506 Liberty Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Liberty Avenue

Taxable ValueLand$190,000Additions$177,400Total$367,400
Tax Record2022$7,782 ($648 / month)
Home Facts
Total Finished SqFt2,470 SqFtAbove Grade Finished SqFt2,470 SqFtStories1Lot Size2,480 SqFtStyleDuplexYear Built1966ZoningR-1CountyHUDSONAPN06 01203-0000-00012

Schools near 506 Liberty Avenue

This home is within Jersey City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alfred E. Zampella No. 27 Elementary School
PublicPK to 8

Liberty High School
Public9 to 12

Dr. Ronald Mc Nair Academy High School
Public9 to 12

James J. Ferris High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin Corporation, Michael Kowalski

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/30/2024 01:56 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.