$10,000 Closing Credit¹
#250007019, Listing Office: LIBERTY REALTY LLC
$1,195,000 List price
397 Communipaw Ave Jersey City, NJ 07304
$10,000
Closing credit¹
8 beds
4 full
Multi-Family
Property details
About 397 Communipaw Ave
Discover a remarkable investment opportunity or potential for owner use with this 3-family property located in the vibrant Jersey City, Bergen Lafayette section. Surrounded by new residential developments, this property promises the potential for an excellent ROI, Cap Rate 6.08% Features include a duplex unit with 4 Bedrooms, 2 full bathrooms and exclusive access to a private backyard, along with two additional 2-bedroom, 1-bathroom units. All units boast updated kitchens and bathrooms, complemented by interior common hallways showcasing original pine wood floors, soaring ceilings, and a rustic design staircase that highlights the historical charm of this distinctive property. Conveniently situated near shopping centers, parks, and major highways, this property offers a quick commute to NYC via the Path Train or Holland Tunnel. Don’t miss this opportunity – schedule a visit today to explore the potential of this exceptional property.
Highlights
Home typeTriplex
HeatingNatural Gas
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWindow Unit(s)
BasementYes
MLS #240018294
Summary
- Full Bathrooms: 4
- Basement: Yes
- Total Bedroom Count: 8
- Architectural Style: Row House, Multi-Level
- Heating: Natural Gas
- Cooling: Window Unit(s)
- List Price: $1,195,000
- Annual Tax Amount: $12,407
- Tax Year: 2024
- MLS Number: 240018294
- MLS Name: HudsonCountyNJ
- Office Name: CHRISTIES INTERNATIONAL REAL ESTATE GROUP
- Office Phone: (201) 962-9551
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: 6/3/2025, 7:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,195,000
397 Communipaw Ave
$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 |
|---|---|---|
| Jan 11, 2018 | Home Sold | $594,000 |
| Sep 09, 2005 | Home Sold | $470,000 |
| Jun 27, 1996 | Home Sold | $163,000 |
| Jan 18, 1996 | Home Sold | $12,419 |
| Aug 21, 1990 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $552,200 | $12,407 |
| 2022 | $552,200 | $8,857 |
| 2021 | $552,200 | $8,857 |
| 2020 | $552,200 | $8,503 |
| 2019 | $552,200 | $8,216 |
History based on county public records data.
Nearby schools
5
Rev. Dr. Ercel F. Webb School
Public District PK-5
0.2 mi
•264 Van Horne St
5
Julia A. Barnes School
Public District PK-5
0.5 mi
•91 Astor Pl
4
Gladys Cannon Nunery School
Public District PK-5
0.8 mi
•123 Claremont 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 $37,797. The majority of Jersey City, NJ residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
47%
<35k
49%
35k-100k
2%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
50%
Single, No Kids
22%
Single, with Kids
18%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
41%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 397 Communipaw Ave in Jersey City, NJ and zip code 07304 in the Bergen-Lafayette neighborhood. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,195,000.
Jersey City, NJ housing market in May 2025 saw over 57 listings sold above listed price, more than 33 sold at listed price and over 51 sold below. Between April and May 2025, Jersey City, NJ real estate market has seen increase in the number of listings by 15.9%. Listings spent 36 days on the market in May 2025, and had a median list price of $718,133 during the same period.
From Rocket Homes Real Estate and based on county public records data.