245 Summit Ave
Jersey City, NJ, 07304 $ 1,229,000
Bedrooms5 Baths5.1 Sq 2,696 Monthly Estimate*
$ 7,760
for $1,229,000 with 5 bedrooms and 5 full baths, 1 half bath. This 2,696 square foot home was built in 1844.
Welcome to this beautifully designed income-producing 2022-renovated two-family residence on a rare 128-foot-deep lot in Jersey City's Journal Square/McGinley Square area. Offering modern construction, elevated finishes, private outdoor space, parking, and flexible living, this property combines contemporary luxury with strong rental income. The spacious 3BR/3.5BA duplex includes one parking spot next door, an open-concept layout, high ceilings, large windows, recessed lighting, and a chef's kitchen with an oversized quartz island, premium appliances, custom backsplash, and designer-like finishes. The primary suite offers a flex closet/office and spa-inspired bath. The lower level includes a second kitchen, living area, two bedrooms with ensuite baths, laundry, and direct outdoor access. A separate 2BR/2BA residence provides additional privacy and income potential. Additional features include central A/C, in-unit laundry, high-end finishes, abundant storage, private parking, and a deep private lot. Conveniently located near Journal Square PATH, restaurants, cafes, and major transportation, 245 Summit Avenue offers an exceptional opportunity for a new owner seeking a modern crown jewel in the rapidly-growing JSQ neighborhood with a finished basement for untapped STR potential.
See more
FeaturesInteriorInterior Amenities Carbon Monoxide Detector High Ceilings See Remarks Shades Smoke Detector Walk-In Closet Wood Floors
Basement Finished French Drain Full Walkout
Unit 1 Baths Total 3.5
Unit 1 Beds Total 3
Unit 2 Baths Total 2.0
Unit 2 Beds Total 2
Fuel Type Electric Gas-Natural
Half Baths 1
Total Bedrooms 5
See more
GeneralSewer Public Sewer
Heating 2 Units Forced Hot Air
Cooling 2 Units Ceiling Fan Central Air
Utilities All Underground Electric Gas In Street
Possession Owner
Roof Flat Rubberized
Water Heater Electric
Zoning R-2
Architectural Style 2-Two Story See Remarks
Year Built 1844
Garage Assigned See Remarks
Township Jersey City
Tax Year 2025
Gross Income 90000
County Hudson
Net Operating Income 65000
Operating Expense 25000
Total Rooms 8
Full Baths 5
Status Active
Directions From Merseles St to Montgomery St turn to Summit Ave
Open Parking Spaces 1
Number Of Units Total 2
Tax Annual Amount 19380
Drive 1 Car Width Additional Parking Assigned Concrete Driveway-Shared On-Street Parking
Standard Status Active
Tax Assessed Value 830000
Town # 1806
Tax Lot 11
See more
ExteriorExterior Amenities Patio Privacy Fence Sidewalk Wood Fence
Water Source Public Water
Exterior Description CedarSid Stucco Vinyl Wood
Building Area Total 2696
Lot Dimensions 2143
See more
* Excluded FeaturesList ByJONATHAN MINERICKListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $7,760
- Monthly Property Taxes
- $1,615
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Jersey City, NJ
Average List Price $1,147,719
Percent of Sale Price 7%
About Jersey City, NJ 276,709 Population
15% Since 2002
$ 68,187 Median Income
37.13 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/17/2026 | $1,229,000 | | Listed Price |