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229 7th St, Jersey City, NJ, 07302

$1,399,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
Multi

Location

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229 7th St, Jersey City$1,399,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
HeatingBaseboard, Natural Gas
CoolingCentral Air
BasementYes
MLS #240016446
StatusActive
(ACTIVE)

About 229 7th St

Prime Downtown Jersey City Three-Family: Investment or Dream Home! Ideally located around the corner from Hamilton Park and around the corner from both the Newport and Grove St PATH stations. This versatile three-family house in the heart of Downtown Jersey City offers a unique opportunity for investors and homeowners alike. Homeowners: Envision yourself living in the spacious two-floor apartment enjoying your own private deck and backyard, while generating income from the top two units to offset your costs. The prime location offers easy access to NYC, while Hamilton Park provides a serene oasis just steps from your door. Investors: With three separate units, this property is currently fully rented and is not subject to rent control. Lots of upside. Apts 1 and 3 have washer/dryers and Apt 2 has a washer/dryer hookup ready to go. Visionaries: Unlock the full potential of this property by transforming it into a magnificent single-family residence. The existing building footprint provides a great foundation for creating a sprawling home with multiple living spaces and outdoor areas. Extend the back of the house to further increase the living space. Imagine hosting gatherings with friends and family in your dream home. Don't miss this rare chance to own a property that offers endless possibilities in one of Jersey City's most desirable neighborhoods. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Row House

Listing Office:

  • Office Name: LIBERTY REALTY LLC
  • Office Phone: (201) 610-1010

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,399,000

Tax Information:

  • Annual Amount: $17,031
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Jersey City, NJ.

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Jersey City, NJ

City

Med. Sold Price

$715K

Med. Price/SqFt

$623

Avg. Days On Market

38

# of Sold Homes

146

229 7th St vs Jersey City

35 DAYS ON ROCKET

-3 Days

$1,399,000

+$684K More

KEY TAKEAWAY

This property is $684K more than the Median Sold Price in Jersey City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HudsonCountyNJ
  • MLS Number: #240016446

Listing Office:

  • Office Name: LIBERTY REALTY LLC
  • Office Phone: (201) 610-1010

IDXThe data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 11:16:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 29, 2003Home Sold
$420,000
Nov 09, 2000Home Sold
$280,000
Oct 30, 1998Home Sold
$327,500
May 27, 1997Home Sold
$179,900
Oct 04, 1988Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2020$17,031$1,404,600
2019$20,900$1,404,600
2018$2,604$175,000
2017$13,650$175,000

History based on county public records data.

Payment Calculator

$7,050

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,261

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4508790
6
/10

  • Frank R. Conwell School

  • 111 Bright St

  • 0.66 miles

  • Public District Grades PK-5

school-card-donut-4508791
9
/10

  • Cornelia F. Bradford School

  • 96 Sussex St

  • 0.84 miles

  • Public District Grades PK-5

school-card-donut-4508792
7
/10

  • Jotham W. Wakeman School

  • 100 Saint Pauls Ave

  • 0.90 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $99,745. Residents of Jersey City, NJ typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Hudson County›Jersey City›07302›229 7th St

This home is located at 229 7th St in Jersey City, NJ and zip code 07302 in the Hamilton Park neighborhood. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,399,000.

Jersey City, NJ housing market in November 2024 saw over 30 listings sold above listed price, more than 14 sold at listed price and over 73 sold below. Between October 2024 and November 2024, Jersey City, NJ real estate market has seen increase in the number of listings by 1.3%. Listings spent 38 days on the market in November 2024, and had a median list price of $715,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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