2-4 Family Home For Sale in Jersey City, NJ
 

MLS# : 250015541

Street : 40 WRIGHT AVE
Price : $1,495,000
Town : Jersey City, NJ 07306
Annual Taxes : $0
General Tax Rate (2023) : 2.246%

PROPERTY DETAILS

# of Rooms :
Bedrooms :
Full Baths :
Half Baths :
Basement : Finished
Year Built :
Lot Size :
Style : Contemporary
Exterior Finish : Brick
Exterior : Brick
Heat/Cool : A/C Central

PROPERTY DESCRIPTION

Welcome to this stunning, newly constructed two-family home located in the highly desirable Marion section of Jersey City’s Journal Square neighborhood. Perfectly designed for multi-generational living or as a smart investment opportunity, this property offers a rare combination of luxury, space, and functionality. Unit 1 spans two levels and features 3 spacious bedrooms, 2.5 bathrooms, a private balcony, and direct access to a secure attached garage. The open-concept layout is enhanced by beautiful hardwood floors, soaring ceilings, and oversized Andersen windows that flood the home with natural light. The sleek, modern kitchen is equipped with brand-new stainless steel appliances and high-end finishes, ideal for both daily living and entertaining. Unit 2 offers 2 bedrooms, 2 full bathrooms, and a versatile den or home office, making it perfect for working remotely or additional guest space. This unit also boasts exclusive access to a private rooftop oasis, ideal for relaxing or entertaining while enjoying scenic views. Additional highlights throughout the property include hardwood flooring, thoughtfully designed layouts, ample storage, and premium craftsmanship. The home includes a 10-year builder’s new construction warranty for peace of mind, and the builder will also be filing for a 5-year tax abatement, adding exceptional value. Whether you're searching for a luxurious primary residence or a high-potential investment, this remarkable property checks every box. Don’t miss this opportunity to own a beautifully crafted home in one of Jersey City’s most vibrant and fast-growing neighborhoods. Use Showing Time to schedule all appointments. Property includes one garage parking space. 10-year builder’s new construction warranty included. Builder will file for a 5-year tax abatement.

Amenities

This listing is a courtesy of REMAX NOW
201-891-8000 office, listing agent CHARLES SOHN

About Jersey City, NJ Real Estate Market

With an area of 21.13 square miles and a population of more than 290,000, Jersey City is one of the largest cities in the USA and the second-most populous city in New Jersey after Newark. A part of Hudson County from New Jersey and the New York metropolitan area, Jersey City is present on the west of Hackensack River, on a peninsula known as Bergen Neck.

Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.

Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
Population:  267,345
Total Housing Units:  104,018
Single Family Homes:  36,684
Apartments:  67,334
General Tax Rate (2023):  2.246%
Effective Tax Rate (2023):  1.944%
Compare To Other Towns

Jersey City Market Indicators

PRICE INDEX

Average Price* (12mo):  $743,504
Homes Sold* (12mo):  224
PRICE INDEX
SINGLE FAMILY HOME SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $673,873
Apatments Sold* (12mo):  1,089
PRICE INDEX
APARTMENT SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  2.246%
Effective Tax Rate (2023):  1.944%
GENRAL TAX RATE - Jersey City, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
914-261-6031 (cell)

Madisom Adams Sales Associate Georgine Addeo


Sales Associate
551-358-4252 (cell)

Madisom Adams Sales Associate Henry A. Washington


Sales Associate
201-982-0358 (cell)

Madisom Adams Sales Associate Yuriy Zatuchny


Real estate inventory
Jersey City
Homes : $349,900 - 3,495,000 53
Condos : $135,000 - 4,148,000 541
Co-ops : $375,000 - 739,000 4
Twnhs : $369,000 - 2,099,000 19
2-4 Fam : $449,000 - 3,495,000 127
5+ Fam : $1,250,000 - 1,650,000 2
Land : $299,000 - 3,995,000 21
Rentals : $1,750 - 2,500,000 39
Mixd Use : $1,250,000 - 1,650,000 4
Com S : -
Com L : -
Biz : $40,000 - 450,000 5


Similar Listings in Jersey City

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 08/01/2025 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2025 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com