$10,000 Closing Credit¹
#250009105, Listing Office: PRIME REAL ESTATE GROUP
$1,595,000 List price
227 7th St Jersey City, NJ 07302
$10,000
Closing credit¹
4 beds
2 full
Multi-Family
Property details
About 227 7th St
Prime Mixed-Use Investment Opportunity Near Hamilton Park! Unlock the potential of this strategically located mixed-use property with a private garage, featuring two spacious residential units above a commercial restaurant space. This property offers a strong foundation with built-in cash flow and significant upside for investors or owner-occupied buyers. Improve the units, raise the rents and capitalize on a prime location with high tenant demand. The ground floor commercial space is currently occupied by a well-established restaurant and includes a full kitchen setup. Above, you'll find two well-laid-out 2-bedroom, 1-bath residential units. Unit 2 is currently vacant, offering immediate upside for new tenants or potential owner-occupancy. Unit 3 will be vacated soon, opening the door to increased rental income through renovation. Situated just around the corner from Hamilton Park and within walking distance to Newport Mall, Grove and Newport PATH stations. Close proximity to a vibrant selection of shops, dining, and public transit options.
Highlights
Home typeTriplex
HeatingBaseboard, Electric
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWindow Unit(s)
BasementYes
MLS #250008653
Garage1 space
Summary
- Full Bathrooms: 2
- Basement: Yes
- Total Bedroom Count: 4
- Garage Space: 1 space
- Architectural Style: Multi-Level
- Heating: Baseboard, Electric
- Cooling: Window Unit(s)
- List Price: $1,595,000
- Annual Tax Amount: $18,681
- Tax Year: 2024
- MLS Number: 250008653
- MLS Name: HudsonCountyNJ
- Office Name: EXP REALTY LLC
- Office Phone: (917) 518-1588
The 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: 5/29/2025, 12:15:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,595,000
227 7th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 01, 2005 | Home Sold | $775,000 |
| Jun 24, 2004 | Home Sold | $530,000 |
| Sep 29, 1997 | Home Sold | $170,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $831,400 | $18,681 |
| 2022 | $831,400 | $13,335 |
| 2021 | $831,400 | $13,385 |
| 2020 | $831,400 | $12,803 |
| 2019 | $831,400 | $12,371 |
History based on county public records data.
Nearby schools
6
Frank R. Conwell School
Public District PK-5
0.6 mi
•111 Bright St
9
Cornelia F. Bradford School
Public District PK-5
0.8 mi
•96 Sussex St
7
Jotham W. Wakeman School
Public District PK-5
0.9 mi
•100 Saint Pauls Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $95,714. The majority of Jersey City, NJ residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
16%
<35k
36%
35k-100k
26%
100k-200k
22%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
62%
Single, No Kids
3%
Single, with Kids
21%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
2%
12-17 yrs old
39%
18-34 yrs old
44%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Hiking/backpacking
Art Museums
Where do the neighbors shop?
H&M
Bloomingdales
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Starbucks
Boston Market
What do the neighbors drive?
Volkswagen
Audi
Mercedes
What do the neighbors listen to?
Rhythmic Contemporary Hits- Alternative
News
All data provided by Home Junction and Claritas
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This home is located at 227 7th St in Jersey City, NJ and zip code 07302 in the Hamilton Park neighborhood. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $1,595,000.
In April 2025, from all listings sold in Jersey City, NJ there were more than 50 sold above asking price, over 43 sold below and more than 20 were sold right at the asked price. The number of homes for sale in Jersey City, NJ increased by 21% between March and April 2025. While the average time on the market in April 2025 was 34 days, the median list price was $705,789.
From Rocket Homes Real Estate and based on county public records data.