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$1,229,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 1 day ago
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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, parking, and flexible living, this property combines contemporary luxury with strong rental income. The spacious 3BR/3.5BA duplex includes one parking spot next door, 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. 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.

Full Property Details for 245 Summit Ave

General

  • Price: $1,229,000
  • Taxes: $19,380 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4047323
  • Updated: 8/17/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior Features: Carbon Monoxide Detector, High Ceilings, See Remarks, Shades, Smoke Detector, Walk-In Closet, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Exterior

  • Exterior Features: Patio, Privacy Fence, Sidewalk, Wood Fence

Parking

  • Garage Description: Assigned, See Remarks

Location

  • County: Hudson
  • Driving Directions: From Merseles St to Montgomery St turn to Summit Ave

Heating & Cooling

  • Cooling Type: 2 Units, Ceiling Fan, Central Air Conditioning
  • Heating Type: 2 Units, Forced Hot Air
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground, Electric, Gas In Street

Structural Information

  • Architectural Style: 2-Two Story, See Remarks
  • Exterior Const.: CedarSid, Stucco, Vinyl Siding, Wood
  • Basement: Yes
  • Basement Desc.: Finished, French Drain, Full, Walk-Out
  • Roof: Flat, Rubberized
  • Square Feet: 2,696
  • Year Built: 1844
  • Remodeled/Updated: 2022

Unit Information

Unit 1

  • Unit Description: Bedrooms, Living/Dining Room, Master Bedroom, Rec Room, See Remarks, Utility Room
  • Square Feet: 1700
  • Levels/Stories: 2
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Master Bedroom, See Remarks
  • Square Feet: 900
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Lot Features

  • Lot Dimensions: 2143
  • Driveway/Sidewalk: 1 Car Width, Additional Parking, Assigned, Concrete, Driveway-Shared, On-Street Parking
  • Zoning: R-2

Financial Considerations

  • Operating Expenses: $25,000
  • Assessment Amount: $655,800
  • Land Assmt: $174,200
  • Tax Amount: $19,380
  • Tax Year: 2025

Disclosures and Reports

  • Block: 15102
  • Lot Number: 11

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— 245 Summit Ave —

  • Homecoin.Com

888-400-2513

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 245 Summit Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/17/2026
Listed
$1,229,000
38.09%
MLS
4/28/2023
Sold
$890,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 245 Summit Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,381
54%
$830,000
—
2022
$12,585
90%
$830,000
40%
2021
$6,641
—
$594,200
44%
2021
$6,641
32%
$414,000
—
2021
$5,020
-21%
$414,000
—
2019
$6,376
334%
$414,000
319%
2018
$1,470
-81%
$98,800
—
2017
$7,706
1%
$98,800
—
2016
$7,609
3%
$98,800
—
2015
$7,392
—
$98,800
—
2013
$7,376
—
$98,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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245 Summit Ave, Jersey City, NJ 07304 (MLS# 4047323) is a Multi-Family property with 2 units containing 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 245 Summit Ave is currently listed for $1,229,000 and was received on August 17, 2026. Want to learn more about 245 Summit Ave? Do you have questions about finding other Multi-Family real estate for sale in Journal Square? You can browse all Journal Square real estate or contact a Coldwell Banker agent to request more information.

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