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, a pre-paid non-deeded parking spot next door, and flexible living, this property combines contemporary luxury with strong rental income. The spacious 3BR/3.5BA duplex includes 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. The property currently generates $7,500/month ($90,000 annually), with the 3BR/3.5BA duplex renting for $4,250/month and the 2BR/2BA residence renting for $3,250/month with room to increase! 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.
Active
$1,229,000
245 Summit Ave, Jersey City, NJ 07304
5beds
2,696sqft
Multi Family
Built in 1844
-- sqft lot
$-- Zestimate®
$456/sqft
$-- HOA
What's special
Modern constructionHigh-end finishesElevated finishesHigh ceilingsFinished basementPrivate parkingRecessed lighting
- 21 days
- 881
- 54
Zillow last checked:
Listing updated:
Listed by:
Jonathan Minerick 888-400-2513,
Homecoin.Com
Source: GSMLS,MLS#: 4047323
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5.1
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- 2 Units, Forced Air, Electric, Natural Gas
Cooling
- 2 Units, Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, See Remarks, Electric Water Heater
Features
- High Ceilings, See Remarks, Walk-In Closet(s), Bedrooms, Living/Dining Room, Master Bedroom, Rec Room, Utility Room, Eat-In Kitchen, Central Vacuum
- Flooring: Wood
- Windows: Shades
- Basement: Yes,Finished,French Drain,Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,696
- Total interior livable area: 2,696 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Car Width, Additional Parking, Assigned, Concrete, Shared Driveway, On Street, See Remarks
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Sidewalk
- Fencing: Privacy,Wood
Lot
- Size: 2,143 Square Feet
- Dimensions: 2143
Details
- Parcel number: 1806151020000000110000
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco, Wood Siding
- Roof: Flat,Rubber
Condition
- Year built: 1844
- Major remodel year: 2022
Utilities & green energy
- Gas: Gas In Street
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities, Electricity Connected, Gas In Street
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector, Smoke Detector
Location
- Region: Jersey City
Financial & listing details
- Price per square foot: $456/sqft
- Tax assessed value: $830,000
- Annual tax amount: $19,380
- Date on market: 8/17/2026
- Total actual rent: 7500
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Listed for sale | $1,229,000-5.3%$456/sqft |
Source:  GSMLS #4047323 Report a problem | ||
| 6/30/2026 | Listing removed | $1,298,000$481/sqft |
Source: HCMLS #260008379 Report a problem | ||
| 5/5/2026 | Listed for sale | $1,298,000+45.8%$481/sqft |
Source: HCMLS #260008379 Report a problem | ||
| 8/3/2023 | Sold | $890,000$330/sqft |
Source: Public Record Report a problem | ||
| 4/28/2023 | Sold | $890,000-6.2%$330/sqft |
Source: HCMLS #220013271 Report a problem | ||
| 12/2/2022 | Price change | $949,000-5%$352/sqft |
Source: HCMLS #220013271 Report a problem | ||
| 7/21/2022 | Listed for sale | $999,000+173.7%$371/sqft |
Source: HCMLS #220013271 Report a problem | ||
| 3/30/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/20/2022 | Price change | $3,650-1.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/18/2022 | Price change | $3,700+164.3%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/16/2022 | Price change | $1,400-61.9%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/10/2022 | Price change | $3,675-0.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/8/2022 | Listed for rent | $3,700$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/12/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/22/2022 | Listed for rent | $3,700$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/23/2019 | Sold | $365,000+306%$135/sqft |
Source: Public Record Report a problem | ||
| 3/9/1999 | Sold | $89,900$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $18,534 -0.6% | $830,000 |
| 2023 | $18,650 +180.9% | $830,000 +39.7% |
| 2022 | $6,641 | $594,200 +43.5% |
| 2021 | $6,641 +4.2% | $414,000 |
| 2020 | $6,376 +3.5% | $414,000 |
| 2019 | $6,160 -20.1% | $414,000 |
| 2018 | $7,706 +1.3% | $414,000 +319% |
| 2017 | $7,609 +2.9% | $98,800 |
| 2016 | $7,392 +0.6% | $98,800 |
| 2015 | $7,345 -0.4% | $98,800 |
| 2014 | $7,376 +6.5% | $98,800 |
| 2012 | $6,924 | $98,800 |
| 2005 | -- | $98,800 |
| 2004 | -- | $98,800 |
| 2003 | -- | $98,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: McGinley Square
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