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$2,700,000
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Property Description
(2) Two-Family Investment with Approved Development Plans | Prime Journal Square Location. Rare opportunity to acquire a fully occupied two-family properties sitting on two adjacent lots (totaling 6,683 SQF) in the heart of Journal Square - just 500 feet from the PATH station. Currently configured as four residential units across two buildings with a combined 11 bedrooms, 4 full bathrooms, and 1 half bath, the property includes 4 private parking spaces and rear yards for both structures. All tenants are currently on month-to-month leases, generating a gross annual income of approximately $127,000 with significant upside potential. Taxes and Sq Footage, etc. per NJ Tax Records and should be independently verified.
Full Property Details
Full Property Details for 549-551 Pavonia Ave
General
- Sold For: $2,700,000
- Taxes: $21,832
- Status: Closed
- Type: Multi-Family
- Source: Liberty_Board_Hudson_County_Hudson_MLS
- MLS ID: 250010137
- Added to Site: 244 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
- Level 2 - Full Baths: 2
- Level 2 - 1/2 Baths: 1
- Level 1 - Full Baths: 2
Bedrooms
- Total Bedrooms: 11
- Bedrooms-L2: 7
- Bedrooms-L1: 4
Other Rooms
- Living Rooms: 4
- Living Room-L2: 2
- Living Room-L1: 2
- Kitchens: 4
- Kitchens-L2: 2
- Kitchens-L1: 2
Parking
- Garage Spaces: 3
- Parking Features: 3+ Cars, Other-See Remarks
- Garage Description: 3+ Cars, Other-See Remarks
Location
- Area: JC, Journal Square
- County: Hudson
- Driving Directions: Central Ave and Baldwin Ave
Heating & Cooling
- Cooling Type: A/C Central
- Heating/Cooling: A/C Central, Hot Air, A/C Window, Baseboard, Gas
Structural Information
- Architectural Style: Victorian
- Exterior Const.: Aluminum/Vinyl, Wood
- Basement Desc.: Partial Finish, Unfinished
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $21,832
Disclosures and Reports
- Lead Paint Discl.: Yes
- Section: Journal Square
- Block: 9606
Hudson Digs Realty Llc (201) 737-9999
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Price & Sales History for 549-551 Pavonia Ave
Date
Details
Price
Change
Source
12/18/2025
Sold
$2,700,000
-25%
MLS
8/12/2025
Price Increased
$3,600,000
24.14%
MLS
5/20/2025
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
549-551 Pavonia Ave, Jersey City, NJ 07306 (MLS# 250010137) is a Multi-Family property that was sold at $2,700,000 on December 18, 2025. Want to learn more about 549-551 Pavonia Ave? Do you have questions about finding other Multi-Family real estate for sale in Journal Square? You can browse all Journal Square real estate or contact a Coldwell Banker agent to request more information.

