$10,000 Closing Credit¹
#240021566, Listing Office: PINNACLE REAL ESTATE GROUP LLC
$10,000
closing credit¹
529 Communipaw Ave Jersey City, NJ 07304
$1,090,000 List price
$10,000
Closing credit¹
7 beds
7 full
Multi-Family
Property details
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!
Highlights
Home typeTriplex
HeatingNatural Gas
StatusActive
(ACTIVE)
(ACTIVE)
BasementYes
MLS #240024247
Summary
- MLS Number: 240024247
- MLS Name: HudsonCountyNJ
- Office Name: VYLLA HOME
- Office Phone: (856) 206-0413
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: 2/6/2025, 10:15:55 AM 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
$1,090,000
529 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 |
|---|---|---|
| Mar 15, 2021 | Home Sold | $1,007,500 |
| Oct 23, 2019 | Home Sold | $650,000 |
| Nov 07, 2016 | Home Sold | $250,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $551,200 | $12,385 |
| 2022 | $551,200 | $8,667 |
| 2021 | $551,200 | $8,667 |
| 2020 | $264,500 | $4,073 |
| 2019 | $264,500 | $4,073 |
History based on county public records data.
Nearby schools
5
Julia A. Barnes School
Public District PK-5
0.2 mi
•91 Astor Pl
5
Rev. Dr. Ercel F. Webb School
Public District PK-5
0.5 mi
•264 Van Horne St
4
Gladys Cannon Nunery School
Public District PK-5
0.7 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 $37,561. Residents of Jersey City, NJ typically earn less than $<35k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
47%
<35k
36%
35k-100k
16%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
21%
Single, with Kids
14%
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
9%
12-17 yrs old
24%
18-34 yrs old
44%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Popeyes
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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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 $1,090,000.
Over 29 listings were sold over their listed price in January 2025 in Jersey City, NJ. In the same period over 58 listings were sold below the listed price and 16 listings were sold for the listed price. The inventory of homes for sale in Jersey City, NJ between December and January 2025 increased by 12.9%. Listings spent 41 days on the market in January 2025, and had a median list price of $710,888 during the same period.
From Rocket Homes Real Estate and based on county public records data.