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Steven Pagan

steven.pagan@thepagangroup.com +1(609) 631-5668

$1,198,000

Est. payment - /mo

5 Beds

5.5 Baths

2,984 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,984 sqft

Price per Sqft $401

MLS Listing ID 4047323

Style 2-Two Story, See Remarks

Bedrooms 5

Full Baths 5

Half Baths 1

Year Built 1844

Annual Tax Amount $19,380

Tax Year 2025

Property Description

MAKE AN OFFER! Welcome to this beautifully designed income-producing 2022-renovated two-family residence on a rare 128-foot-deep lot in the middle of Journal Square/McGinley Square. 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. Generates $7,500/month ($90,000 annually); $8,000-$8.5K/month projected income in 2027! The 3BR/3.5BA duplex is renting for $4,250/month and the 2BR/2BA for $3,250/month. 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.

Location

State NJ

County Hudson

Zoning R-2

Rooms

Basement Finished, French Drain, Full, Walkout

Interior

Interior Features Carbon Monoxide Detector, High Ceilings, See Remarks, Shades, Smoke Detector, Walk-In Closet, Wood Floors

Heating Electric, Gas-Natural

Cooling 2 Units, Ceiling Fan, Central Air

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature CedarSid, Stucco, Vinyl, Wood

Parking Features Assigned, See Remarks

Utilities Available All Underground, Electric, Gas In Street

Roof Type Flat, Rubberized

Garage Yes

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story, See Remarks

Others

Senior Community No

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Listed by HOMECOIN.COM

Nearby Locations

Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and homebuyers in finding their perfect piece of paradise in New Jersey.

+1(609) 631-5668

steven.pagan@thepagangroup.com

90 Tanner St, Haddonfield, NJ 08033-2419, USA

245 Summit Ave Jersey City, NJ 07304

Steven Pagan

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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245 Summit Ave