new - 5 days on rocket

397 1st St, Jersey City, NJ, 07302

$1,349,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
3 Full Baths
Multi

Location

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397 1st St, Jersey City$1,349,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
MLS #240013315
StatusActive
(ACTIVE)

About 397 1st St

Introducing an amazing investment opportunity to own a renovated 3-family home in the heart of Downtown Jersey City. This contemporary property boasts three distinct units, making it an ideal investment for those seeking a reliable income stream and a high-demand location. Units consist of a spacious studio, one-bedroom plus den, another one-bedroom, with each unit occupying a separate floor, ensuring privacy and comfort for all tenants. All units come equipped with Modern, sleek designs in both kitchens and bathrooms enhance the living experience, stainless steel appliances, including dishwashers in the one bedrooms, and an in-unit washer/dryer for added convenience in all units. Each unit has separately metered utilities, allowing for efficient and straightforward management. The property boasts a massive private backyard oasis, a unique and desirable feature that is sure to attract and retain renters. Located on a quiet block in downtown Jersey City, ensuring a peaceful living environment. Proximity to the Grove Street PATH station is an added bonus, providing easy access to New York City and surrounding areas for all commuters. Nearby parks and popular local eateries enhance the lifestyle appeal! This property is a low maintenance investment with all units currently rented, offering immediate income. The combination of modern renovations, prime location, and desirable amenities makes this an unmissable opportunity for savvy investors. Contact us today to schedule a viewing and secure your stake in Downtown Jersey City’s thriving real estate market!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Other-See Remarks

Listing Office:

  • Office Name: CHRISTIES INTERNATIONAL REAL ESTATE GROUP
  • Office Phone: (201) 962-9551

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,349,000

Tax Information:

  • Annual Amount: $10,243
  • Tax Year: 2020
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Housing Market Comparison

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

Med. List Price

$749K

Med. Price/SqFt

$495

Avg. Days On Market

71

# of Sold Homes

9

397 1st St vs Jersey City

5 DAYS ON ROCKET

-66 Days

$1,349,000

+$600K More

KEY TAKEAWAY

This property is $600K more than the Median List Price in Jersey City, NJ.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Name: HudsonCountyNJ
  • MLS Number: #240013315

Listing Office:

  • Office Name: CHRISTIES INTERNATIONAL REAL ESTATE GROUP
  • Office Phone: (201) 962-9551

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: 11/17/2024, 5:15:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 08, 2008Home Sold
$401,000
Jun 17, 2005Home Sold
$630,000
Mar 06, 2004Home Sold
$324,000
Oct 16, 2001Home Sold
$262,000
Sep 28, 1998Home Sold
$68,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,243$844,800
2019$12,570$844,800
2018$1,369$92,000
2017$7,176$92,000

History based on county public records data.

Payment Calculator

$6,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,111

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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-519496
6
/10
  • Frank R. Conwell School

  • 111 Bright St

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-519497
5
/10
  • Rev. Dr. Ercel F. Webb School

  • 264 Van Horne St

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-519498
9
/10
  • Cornelia F. Bradford School

  • 96 Sussex St

  • 0.92 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,102. The majority of Jersey City, NJ residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesNew JerseyHudson CountyJersey City07302397 1st St

This home is located at 397 1st St in Jersey City, NJ and zip code 07302 in the The Village neighborhood. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,349,000.

The inventory of homes for sale in Jersey City, NJ between September 2024 and October 2024 increased by 46.5%. While the average time on the market in October 2024 was 71 days, the median list price was $749,000.

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

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