116 Oak StreetJersey City, NJ 07304
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116 Oak Street presents a rare, move-in-ready multi-unit opportunity in one of Jersey City’s most desirable and rapidly appreciating neighborhoods. Spanning 3,549 square feet, this well-maintained property offers exceptional flexibility for both owner-occupants and investors. The top unit is currently rented at $1,600 per month, with the tenant responsible for their own utilities; the owner covers water and sewer. The lease runs through 2027, providing stable, long-term income. The bottom unit is vacant, while the seller currently resides in the middle unit, which has been meticulously maintained. The property itself is turn-key and includes gated parking, a garage, and a private backyard—a rare combination in Jersey City. Ideally located near downtown Jersey City, PATH transportation, major highways, shopping, dining, and parks, offering convenient access to Manhattan and surrounding areas. A three-unit approval may be possible, without variance, currently pending a letter of determination from the town, presenting a clear path to additional value. An outstanding opportunity in an exceptional Jersey City location with immediate income and long-term upside. Best and Final Offers due Monday, February 16th at 5:00 PM. All offers must be submitted by this deadline!
| 3 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Status changed to Pending | |
| 4 weeks ago | Listing first seen on site |
The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information is deemed reliable but not guaranteed. Last checked: 2026-03-02 01:28 AM UTC
Source: New Jersey Multiple Listing Service, Inc.
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