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

MLS# : 260010344

Street : 79 SHERMAN PL
Price : $1,750,000
Town : Jersey City, NJ 07307
Annual Taxes : $22,369

PROPERTY DETAILS

# of Rooms :
Bedrooms :
Full Baths :
Half Baths :
Basement : None
Year Built :
Lot Size :
Style : Contemporary,Multi-Level
Exterior Finish : Aluminum/Vinyl, Wood
Exterior : Aluminum/Vinyl, Wood
Heat/Cool : A/C Central, A/C Window, A/C Wall, Electric, Gas

PROPERTY DESCRIPTION

Finally the opportunity you've been waiting for - a modern construction, multi-family home on coveted historic Sherman Place! Situated on an oversized 25x194 lot (yes! a double lot!), this exceptional residence offers over 3,000 sq ft of above-grade living space plus an additional 1,000 sq ft of storage, and incredible conversion potential. Built in 1991, this charming home fits in perfectly among the Victorians of beautiful tree-lined Sherman Place, yet it offers the comfort and peace of mind of modern construction — no wet 150 year old basement worries here! Currently configured as a spacious 2-family home with a bonus mother-in-law/guest suite, the property features 7 bedrooms, 5.5 baths, and 3 fully functioning kitchens, making it ideal for investors, multi-generational living, or owner-occupants seeking rental income. Inside, note the modern architecture of vaulted ceilings in the front and back of the home on both the 2nd and 3rd floor, along with 5 skylights throughout those 2 levels - bathing both units in natural light. Outdoor space can be enjoyed on every level, with front balcony on 3rd level, and a back balcony on level 2 which overlooks the peaceful fenced-in private backyard; accessed from the ground level of the home. The backyard is a tranquil green space oasis with a massive 330 sqft walk-out deck. Parking is a rare luxury with 4 dedicated outdoor parking spaces plus a 5th covered attached garage. Additional highlights of the home include multiple storage areas throughout— including a garage storage room, second-floor walk-in hall closet, and an oversized third-level space large enough to create an office or an additional bedroom off of the top floor primary. The flexibility here is unmatched. Keep the current income-producing layout, or transform the parlor and top floors into an extraordinary (3,000 sq ft) primary residence while still maintaining an 1,000 sq ft 2 bed / 2 bath rental unit on the ground level. Special note to Buyers: The Sellers can include city-approved zoning and architectural plans to the next owner as part of the sale. This is a $20k-value and added bonus-with-purchase for the lucky Buyers! 79 Sherman Place is a truly rare gem - blending historic charm, modern construction, exceptional income potential, and endless possibilities — all on one of the area’s most desirable streets. Book your appointment today! Note: all photos with furniture have been virtually staged. Parlor level currently has rugs and tile flooring throughout.

Amenities

This listing is a courtesy of COLDWELL BANKER
201-716-0220 office, listing agent CARYN VITOLO

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:  289,691
Total Housing Units:  132,636
Single Family Homes:  9,795
Apartments:  122,774
General Tax Rate (2025):  2.335%
Effective Tax Rate (2025):  1.847%
Compare To Other Towns

Jersey City Market Indicators

PRICE INDEX

Average Price* (12mo):  $739,081
Homes Sold* (12mo):  177
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):  $681,468
Apatments Sold* (12mo):  1,096
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 (2025):  2.335%
Effective Tax Rate (2025):  1.847%
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
201-724-6913 (cell)

Madisom Adams Sales Associate Carmela Maggio


Sales Associate
917-863-6560 (cell)

Madisom Adams Sales Associate Cindy Chiashin Shih


Sales Associate
551-358-4252 (cell)

Madisom Adams Sales Associate Henry A. Washington


Real estate inventory
Jersey City
Homes : $399,000 - 2,395,000 56
Condos : $165,000 - 6,499,000 584
Co-ops : $345,000 - 679,000 10
Twnhs : $339,900 - 2,300,000 15
2-4 Fam : $415,000 - 1,999,999 132
5+ Fam : $1,550,000 - 1,550,000 1
Land : $469,000 - 4,800,000 25
Rentals : $1,650 - 5,300 35
Mixd Use : $1,550,000 - 1,550,000 1
Com S : -
Com L : -
Biz : $30,000 - 1,295,000 13


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: 05/31/2026 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2026 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

(A) Start Address :
(B) End Address : Get Directions

Need More Info

First Name:
Last Name:
E-mail:
Tel:--
Message:
Join Madison Adams
Market Reports



Contact Us

Please read the Consumer Information Statement (CIS)


  

Madison AdamsTM

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