397 1st Street

Jersey City, NJ 07302

$1,349,000
Price
2
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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!
  1. Listed by FRANCESCO MAZZAFERRO • CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP
  2. Listed by JOHANNA FINE • CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP

Property Details for 397 1st Street

Architectural Style
Contemporary, Other-See Remarks
Type Of Parking
None
Geo Subdivision
NJ
Area
JC, Downtown
Heating & Cooling
A/C Window, Baseboard, Gas
LISTING UPDATED: 08/23/2024 06:24 PM

Property Details for 397 1st Street

StatusActive
MLS #240013315
Days on Market123
Taxes$17,893 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 3 Family
Year Built-
Lot Size0.04 AC / 1,600 SF
CountyHudson County

Building Information for 397 1st Street

Stories-Residences-Year Built-Building Size-Lot Size0.04 AC / 1,600 SF

Property Information for 397 1st Street

Summary
Location and General Information
  • Address: 397 1ST ST
  • Address Number: 397
  • Address Search Number: 397
  • Between: Brunswick & Colgate
  • Geo Address Line: 397 1st St
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Postal Code: 07302
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 07-10-2024
  • Geo Zoom Level: 16.0
  • Section: Downtown
  • Street Name: 1ST ST
  • City Name: JC, Downtown
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 07-10-2024
  • Tax Year: 2022
  • Taxes: $17,893
Property
Lot Information
  • Block: 12603
  • Lot: 5
  • Lot Dimensions: 20X80
Property and Assessments
  • Assessed Value: $844,800
  • Assessed Value Year: 2023
  • Associated Document Count: 2
  • Charge: Y
  • Exclusions: All personal Property
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum/Vinyl, Other-See Remarks
Interior Features
  • Basement Description: Crawl Space
  • Fl1 Rooms: 2
  • Fl2 Rooms: 3
  • Fl3 Rooms: 3
  • Fl4 Rooms: 0
  • Floor 1 Full Baths: 1
  • Floor 1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 2000
  • Floor 2 Bedrooms: 1
  • Floor 2 Full Baths: 1
  • Floor 2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Other: 1
  • Floor 2 Rent: 2450
  • Floor 3 Bedrooms: 1
  • Floor 3 Full Baths: 1
  • Floor 3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Other: 1
  • Floor 3 Rent: 2700
  • Total Dining Rooms: 0
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • Total Other Rooms: 2
  • Num of Baths: 3
  • Half Baths Total: 0
  • Full Baths Total: 3
  • Num Full Baths: 3
  • Num Half Baths: 0
  • Bedrooms Total: 2
Multi Family
Multi-Family Information
  • Insurance Expense: $3,000
  • Insurance Expense Year: 2023

Property History for 397 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 397 1st Street

Taxable ValueLand$634,600Additions$210,200Total$844,800
Tax Record2023$18,983 ($1,582 / month)
Home Facts
Total Finished SqFt1,560 SqFtAbove Grade Finished SqFt1,560 SqFtStories3Lot Size1,600 SqFtStyleTriplexYear Built1885ZoningR-2CountyHUDSONAPN06 12603-0000-00005

Schools near 397 1st Street

This home is within Jersey City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Dr. Michael Conti School
PublicPK to 8

Dr. Ronald Mc Nair Academy High School
Public9 to 12

William L. Dickinson High School
Public9 to 12

Lincoln High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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397 1st Street is a multi-family home for sale in Jersey City, NJ 07302. This property was listed for sale on July 10, 2024 by CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP, it's currently listed at $1,349,000. It has been on the market for a total of 123 days and was last sold on November 1, 2021. This listing's school district is Jersey City Public School District. Nearby schools include Dr. Michael Conti School, Dr. Ronald Mc Nair Academy High School and William L. Dickinson High School. 397 1st Street is a 2-bed, 3-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP, FRANCESCO MAZZAFERRO; CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP, JOHANNA FINE

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 brokerage firms other than (insert office name) aremarked 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 deemed reliable but not guaranteed. Last date updated: 11/10/2024 04:32 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 11/10/2024 04:32 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.