Welcome to 397 1st Street in the highly desirable downtown section of Jersey City. This is a legal 3 family WHICH IS BEING SOLD FULLY OCCIPIED. All 3 units have been renovated, and updated making this a turn key investment property. The first floor unit is a large studio apt with a den that can be used as an office or for storage. Second floor is a one bed one bath with a dishwasher, and a washer/dryer. The third floor unit is also a one bed one bath with a dishwasher, and a washer/dryer. Saving the best for last this property also has a spacious backyard that is perfect for entertaining. With all major forms of transportation being close by including the PATH train to NYC this is truly a great investment.
Sold for $1,200,000
$1,200,000
397 1st St, Jersey City, NJ 07302
2beds
--sqft
MultiFamily
Built in ----
-- sqft lot
$1,265,700 Zestimate®
$--/sqft
$3,775 Estimated rent
Home value
$1,265,700
$1.11M - $1.43M
$3,775/mo
Zestimate® history
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$8,088/mo
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
ALEXANDER FAYN,
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY 201-768-9300
Bought with:
, 2185259
COMPASS
Source: HCMLS,MLS#: 240024316
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Natural Gas
Cooling
- Window Unit(s)
Features
- Basement: Crawl Space
Property
Parking
- Parking features: None
Details
- Parcel number: 0612603000000005
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Townhouse
Materials
- See Remarks
Community & HOA
Location
- Region: Jersey City
Financial & listing details
- Tax assessed value: $844,800
- Annual tax amount: $18,864
- Date on market: 4/28/2025
Price history
| Date | Event | Price |
|---|---|---|
| 3/3/2025 | Sold | $1,200,000-7.6% |
Source: HCMLS #240024316 Report a problem | ||
| 1/14/2025 | Pending sale | $1,299,000 |
Source:  NJMLS #25000488 Report a problem | ||
| 12/30/2024 | Listed for sale | $1,299,000-3.7% |
Source: HCMLS #240024316 Report a problem | ||
| 8/23/2024 | Listing removed | $1,349,000 |
Source: HCMLS #240013315 Report a problem | ||
| 7/10/2024 | Price change | $1,349,000-3.6% |
Source: HCMLS #240013315 Report a problem | ||
| 6/3/2024 | Listed for sale | $1,399,000+57.2% |
Source: HCMLS #240010552 Report a problem | ||
| 12/9/2021 | Sold | $890,000-6.3% |
Source: Public Record Report a problem | ||
| 6/16/2021 | Listing removed | -- |
Source: HCMLS #210006710 Report a problem | ||
| 3/22/2021 | Listed for sale | $950,000+5.6% |
Source: HCMLS #210006710 Report a problem | ||
| 1/1/2021 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 10/26/2020 | Price change | $900,000-10% |
Source: REMAX VILLA REALTORS #202016670 Report a problem | ||
| 8/10/2020 | Listed for sale | $999,900 |
Source: RE/MAX Villa #202016670 Report a problem | ||
| 4/24/2020 | Listing removed | $999,900 |
Source: RE/MAX Villa #202000885 Report a problem | ||
| 1/17/2020 | Listed for sale | $999,900+66.9% |
Source: RE/MAX Villa #202000885 Report a problem | ||
| 8/8/2009 | Listing removed | $599,000 |
Source: Weichert Realtors #90001515 Report a problem | ||
| 6/28/2009 | Listed for sale | $599,000+49.4% |
Source: Weichert Realtors #90001515 Report a problem | ||
| 2/8/2008 | Sold | $401,000-5.7% |
Source: Public Record Report a problem | ||
| 10/16/2006 | Sold | $425,100-32.5% |
Source: Public Record Report a problem | ||
| 6/17/2005 | Sold | $630,000+94.4% |
Source: Public Record Report a problem | ||
| 3/6/2004 | Sold | $324,000+23.7% |
Source: Public Record Report a problem | ||
| 10/16/2001 | Sold | $262,000+285.3% |
Source: Public Record Report a problem | ||
| 9/28/1998 | Sold | $68,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,864 | $844,800 |
| 2024 | $18,864 -0.6% | $844,800 |
| 2023 | $18,983 +40.1% | $844,800 |
| 2022 | $13,551 | $844,800 |
| 2021 | $13,551 +4.2% | $844,800 |
| 2020 | $13,010 +3.5% | $844,800 |
| 2019 | $12,571 +75.2% | $844,800 |
| 2018 | $7,176 +1.3% | $844,800 +818.3% |
| 2017 | $7,085 +2.9% | $92,000 |
| 2016 | $6,883 +0.6% | $92,000 |
| 2015 | $6,839 -0.4% | $92,000 |
| 2014 | $6,869 +3.9% | $92,000 |
| 2013 | $6,609 +2.5% | $92,000 |
| 2012 | $6,447 +1.5% | $92,000 |
| 2011 | $6,351 +15% | $92,000 |
| 2010 | $5,521 +8.1% | $92,000 |
| 2009 | $5,108 | $92,000 |
| 2008 | -- | $92,000 |
| 2006 | -- | $92,000 |
| 2005 | -- | $92,000 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 7/10Dr. Michael Conti SchoolGrades: PK-8Distance: 0.1 mi
- 2/10James J. Ferris High SchoolGrades: 9-12Distance: 0.1 mi
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Estimated market value
$1,265,700
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Estimated market value
$1,265,700
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