10 days on rocket

529 Communipaw Ave, Jersey City, NJ, 07304

$1,335,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
7 Full Baths
Multi

Location

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529 Communipaw Ave, Jersey City$1,335,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
HeatingNatural Gas
BasementYes
MLS #240024247
StatusActive
(ACTIVE)

About 529 Communipaw Ave

Great Investment Opportunity in Jersey City's Bergen-Lafayette Section! Presenting a fantastic multi-family home in the highly desirable Bergen-Lafayette neighborhood of Jersey City. This property is currently configured as seven 1-bedroom units, each with some modern upgrades and renovations, including updated utilities. While the property does require some finish work and repairs, it offers enormous upside potential for the right buyer. Situated in a rapidly developing area, this home benefits from being in close proximity to local parks, schools, shops, and restaurants. The Bergen-Lafayette section is known for its vibrant community, diverse culture, and convenient access to public transportation, making it a prime location for renters and homeowners alike. The neighborhood is experiencing significant growth, which adds great value to this investment opportunity. Please note that the buyer will be responsible for completing the necessary city approvals to ensure the legal usage of the units. However, with the right vision and investment, this property can be transformed into a highly profitable asset. Don't miss out on this incredible opportunity to own a piece of Jersey City's future. Schedule a showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse

Listing Office:

  • Office Name: VYLLA HOME
  • Office Phone: (856) 206-0413

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 7

Utilities

Utilities Information:

  • Heating: Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,335,000

Tax Information:

  • Annual Amount: $6,510
  • 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

$711.4K

Med. Price/SqFt

$619

Avg. Days On Market

39

# of Sold Homes

127

529 Communipaw Ave vs Jersey City

10 DAYS ON ROCKET

-29 Days

$1,335,000

+$623.5K More

KEY TAKEAWAY

This property is $623.5K 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: #240024247

Listing Office:

  • Office Name: VYLLA HOME
  • Office Phone: (856) 206-0413

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 © 2025 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: 1/6/2025, 9:16:05 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

Mar 15, 2021Home Sold
$1,007,500
Oct 23, 2019Home Sold
$650,000
Nov 07, 2016Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,510$264,500
2019$4,073$264,500
2018$1,481$99,500
2017 - $99,500

History based on county public records data.

Payment Calculator

$6,730

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,069

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NMLS#3030

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-743682
5
/10

  • Julia A. Barnes School

  • 91 Astor Pl

  • 0.18 miles

  • Public District Grades PK-5

school-card-donut-743683
5
/10

  • Rev. Dr. Ercel F. Webb School

  • 264 Van Horne St

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-743684
4
/10

  • Gladys Cannon Nunery School

  • 123 Claremont Ave

  • 0.70 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 $37,561. Residents of Jersey City, NJ typically earn less than $35k 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›07304›529 Communipaw Ave

This home is located at 529 Communipaw Ave in Jersey City, NJ and zip code 07304 in the Bergen-Lafayette neighborhood. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $1,335,000.

While more than 37 listings in Jersey City, NJ in December 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 56 were sold below. Between November 2024 and December 2024, Jersey City, NJ real estate market has seen decrease in the number of listings by 7.4%. Listings spent 39 days on the market in December 2024, and had a median list price of $711,431 during the same period.

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

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