Attention Builders, Developers, and Contractors! This 2-family, 3-story residential building plus basement in Jersey City Heights is the perfect investment opportunity for those seeking to maximize their returns. With its prime location and endless potential, this property is just waiting to be transformed into a lucrative asset. Option to flip or renovate to rent out for long-term income for profitable venture. Cash or renovation loan. Sold As Is. Buyer responsible for municipal certificates. Desirable location near transportation, stores, places of worship and only a 5 minute drive to Hoboken. No electric currently so please bring flashlight or visit during day. PLEASE SUBMIT ALL OFFERS BY TUESDAY, 2/14 AT 5PM
Sold for $745,000
$745,000
241 Palisade Ave, Jersey City, NJ 07306
5beds
2,607sqft
MultiFamily
Built in 1895
-- sqft lot
$-- Zestimate®
$286/sqft
$4,676 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,676/mo
Zestimate® history
Owner options
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$4,676/mo
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$5,036/mo
Est. payment
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Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- None
Interior area
- Total interior livable area: 2,607 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 3,713 Square Feet
Details
- Parcel number: 0605802000000023
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1895
Community & HOA
Location
- Region: Jersey City
Financial & listing details
- Price per square foot: $286/sqft
- Tax assessed value: $1,587,300
- Annual tax amount: $35,444
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2024 | Sold | $745,000$286/sqft |
Source: Public Record Report a problem | ||
| 6/21/2023 | Sold | $745,000+14.6%$286/sqft |
Source: HCMLS #230002399 Report a problem | ||
| 2/23/2023 | Pending sale | $650,000$249/sqft |
Source:  Douglas Elliman Report a problem | ||
| 2/11/2023 | Listed for sale | $650,000$249/sqft |
Source: HCMLS #230002399 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $35,444 +235.6% | $1,587,300 +235.6% |
| 2024 | $10,562 -0.6% | $473,000 |
| 2023 | $10,628 +40.1% | $473,000 |
| 2022 | $7,587 | $473,000 |
| 2021 | $7,587 +4.2% | $473,000 |
| 2020 | $7,284 +3.5% | $473,000 |
| 2019 | $7,038 -14.9% | $473,000 |
| 2018 | $8,268 +1.3% | $473,000 +346.2% |
| 2017 | $8,163 +2.9% | $106,000 |
| 2016 | $7,931 +0.6% | $106,000 |
| 2015 | $7,880 -0.4% | $106,000 |
| 2014 | $7,914 +3.9% | $106,000 |
| 2013 | $7,615 +2.5% | $106,000 |
| 2012 | $7,428 +1.5% | $106,000 |
| 2011 | $7,317 +15% | $106,000 |
| 2010 | $6,361 +8.1% | $106,000 |
| 2009 | $5,885 | $106,000 |
| 2008 | -- | $106,000 |
| 2007 | -- | $106,000 |
| 2006 | -- | $106,000 |
| 2005 | -- | $106,000 |
| 2004 | -- | $106,000 |
| 2003 | -- | $106,000 |
| 2002 | -- | $106,000 |
| 2001 | -- | $106,000 |
Find assessor info on the county website
Neighborhood: The Heights
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Nearby schools
GreatSchools rating
- 7/10Jotham W. Wakeman No. 6 Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Franklin L Williams Middle School No7Grades: 6-8Distance: 0.6 mi
- 1/10William L. Dickinson High SchoolGrades: 9-12Distance: 0.5 mi
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- New Jersey
- Hudson County
- Jersey City
- 07306
- The Heights
- 241 Palisade Ave
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