529 Communipaw Ave Jersey City, NJ 07304
McGinley Square NeighborhoodEstimated payment $5,647/month
Total Views
6,645
7
Beds
7
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Living Room
- Liberty High School Rated A-
- 3-minute walk to Arlington Park
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,286
Home Design
- Aluminum Siding
- Stucco
Bedrooms and Bathrooms
- 7 Bedrooms | 3 Main Level Bedrooms
Additional Features
- Living Room
- Lot Dimensions are 20x109
- Heating System Uses Gas
- Unfinished Basement
Listing and Financial Details
- Legal Lot and Block 10 / 18702
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,308 | $551,200 | $85,800 | $465,400 |
| 2024 | $12,385 | $551,200 | $85,800 | $465,400 |
| 2023 | $12,385 | $551,200 | $85,800 | $465,400 |
| 2022 | $11,674 | $551,200 | $85,800 | $465,400 |
| 2021 | $8,841 | $551,200 | $85,800 | $465,400 |
| 2020 | $4,258 | $264,500 | $85,800 | $178,700 |
| 2019 | $4,073 | $264,500 | $85,800 | $178,700 |
| 2018 | $1,481 | $264,500 | $85,800 | $178,700 |
| 2017 | $7,761 | $99,500 | $6,200 | $93,300 |
| 2016 | $0 | $6,200 | $6,200 | $0 |
| 2015 | $0 | $6,200 | $6,200 | $0 |
| 2014 | -- | $6,200 | $6,200 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Price Changed | $850,000 | -8.1% | -- |
| 07/09/2025 07/09/25 | Price Changed | $925,000 | -4.1% | -- |
| 06/13/2025 06/13/25 | Price Changed | $965,000 | -6.8% | -- |
| 03/10/2025 03/10/25 | Price Changed | $1,035,500 | -5.0% | -- |
| 02/05/2025 02/05/25 | Price Changed | $1,090,000 | -10.3% | -- |
| 01/09/2025 01/09/25 | Price Changed | $1,215,000 | -9.0% | -- |
| 12/26/2024 12/26/24 | For Sale | $1,335,000 | -- | -- |
Source: Hudson County MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $1,217,301 | None Listed On Document | |
| Quit Claim Deed | -- | New Title Company Name | |
| Deed | $650,000 | Westcor Land Title Ins Co | |
| Deed | $250,000 | North American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,007,500 | New Conventional | |
| Previous Owner | $945,000 | Commercial | |
| Previous Owner | $525,000 | Commercial |
Source: Public Records
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Source: Hudson County MLS
MLS Number: 240024247
APN: 06-18702-0000-00010
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