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Under contract
    • $1,100,000

    143 Terrace Ave, Jersey City, NJ 07307

    8beds
    3,350sqft
    : 
    $7,706/mo
    Get pre-qualified
    Multi Family
    Built in 1972
    -- sqft lot
    $1,078,200 Zestimate®
    $328/sqft
    $-- HOA

    What's special

    Two additional parking spacesHighly valuable two-car garage
    Welcome to 143 Terrace Ave, a rare 3-family opportunity in the highly desirable Heights section of Jersey City. Whether you're an investor seeking strong upside or an owner-occupant looking to offset your mortgage, this property offers the perfect blend of income potential, flexibility, and location.The building features three separate units with individually metered utilities, making management efficient and expenses more predictable. Current rents are below market, presenting a clear opportunity for a new owner to increase income and maximize returns over time.Additional highlights include a highly valuable two-car garage plus two additional parking spaces a true premium in Jersey City adding both convenience and income potential.Ideally situated on a residential street while still close to NYC transportation, major highways, shopping, dining, and parks, this property benefits from strong tenant demand and long-term appreciation potential.Whether you choose to live in one unit and rent the others or fully capitalize on its income-producing capabilities, 143 Terrace Ave is a smart investment in one of Jersey City's most sought-after neighborhoods
    88 days
    |
    55
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jibi Thomas 908-644-9422,

    Real

    Source: GSMLS,MLS#: 4025473MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 3.1
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • 3 Units, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Range/Oven - Gas, Refrigerator, Washer
      • Laundry: Laundry Room
      Features
      • See Remarks, Bedrooms, Dining Room, Kitchen, Living Room, Pantry
      • Basement: Yes,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 3,350
      • Total interior livable area: 3,350 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: 2 Car Width, Additional Parking, Attached Garage
      • Attached garage spaces: 2
      • Uncovered spaces: 2
      Features
      • Levels: 3-Three Story
      • Stories: 3
      • Patio & porch: Deck, Open Porch(es), Porch
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 29.58 x 200
      Details
      • Parcel number: 1806025020000000410000
      • Zoning description: RES

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding, Composition Shingle
      • Roof: Asphalt Shingle,Flat
      Condition
      • Year built: 1972

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Underground Utilities

      Community & HOA

      Location
      • Region: Jersey City

      Financial & listing details

      • Price per square foot: $328/sqft
      • Tax assessed value: $601,500
      • Annual tax amount: $14,045
      • Date on market: 5/5/2026
      • Total actual rent: 5270
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

        Estimated market value

        $1,078,200

        $1.02M - $1.13M

        $2,545/mo

        Price history

        DateEventPrice
        6/15/2026Pending sale$1,100,000$328/sqft
        Source: GSMLS #4025473 Report a problem
        5/5/2026Listed for sale$1,100,000+423.8%$328/sqft
        Source: GSMLS #4025473 Report a problem
        12/15/1988Sold$210,000$63/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,432 $601,500
        2024$13,432 -0.6%$601,500
        2023$13,516 +40.1%$601,500
        2022$9,648 $601,500
        2021$9,648 +4.2%$601,500
        2020$9,263 +3.5%$601,500
        2019$8,950 -20.9%$601,500
        2018$11,310 +1.3%$601,500 +314.8%
        2017$11,166 +3.6%$145,000
        2016$10,779 -21.6%$145,000 -21.6%
        2015$13,753 -0.4%$185,000
        2014$13,812 +3.9%$185,000
        2013$13,290 +2.5%$185,000
        2012$12,965 +1.5%$185,000
        2011$12,771 +15%$185,000
        2010$11,102 +8.1%$185,000
        2009$10,271 $185,000
        2008-- $185,000
        2007-- $185,000
        2006-- $185,000
        2005-- $185,000
        2004-- $185,000
        2003-- $185,000
        2002-- $185,000
        2001-- $185,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: The Heights

        Getting around

        84 / 100
        Very Walkable
        57 / 100
        Good Transit
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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