348.5 5th St, Jersey City, NJ, 07302
About This Home
Experience the perfect blend of luxury, space, and investment potential in this stunning four-story, two-family residence, ideally located in the heart of Downtown Jersey City. This exceptional property features two expansive duplex residences, each offering approximately 1,400+ square feet of thoughtfully designed living space across two full floors. Both units showcase beautiful hardwood flooring throughout, spacious layouts, generous closet space, and the convenience of an in-unit washer and dryer. Every bedroom is complemented by its own private en-suite full bathroom, creating an ideal balance of comfort and privacy. A rare bonus for Downtown Jersey City, the home offers convenient parking directly in front of the property, adding to its everyday appeal. Both units are currently tenant-occupied with leases in place through April-May 2027, providing immediate, stable rental income for investors seeking a turnkey asset. Located just moments from the PATH train, acclaimed restaurants, boutique shopping, parks, and the vibrant energy of Downtown Jersey City, this is a rare opportunity to own a beautifully designed, income-producing property in one of the area's most sought-after neighborhoods. Unit1: approx. 1,400 sqft / one parking space, backyard Duplex: 1st floor: Kitchen, half bath, large dining & living, 2nd floor: 2 bedrooms and 2 full bedrooms. Unit2: approx.1,500 sqft / one parking space Duplex: 3rd floor: Kitchen, half bath, large dining & living, 4th floor: 2 bedrooms and 2 full bedrooms+ den
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Materials
- Construction materials: Brick,Shingle Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Multi Level
- Property subType: Multi Family
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Cooling
- Cooling features: Wall Unit(s)
Property
Parking
- Parking features: 2 Cars
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,108 | $121,296 |
| Home Insurance * | $476 | $5,712 |
| Property Taxes | $2,598 | $31,176 |
| Electricity | $193 | $2,318 |
| Total | $13,375 | $160,500 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Price change | $1,999,000 |
| 2025-04-02 | Price change | $1,875,000 |
| 2025-02-19 | Price change | $1,950,000 |
| 2024-09-10 | Price change | $2,200,000 |
| 2024-07-19 | Listed for sale | $2,350,000 |
| 2024-01-20 | Listing removed | -- |
| 2023-12-07 | Listed for sale | $2,350,000 |
| 2017-12-20 | Sold | $1,900,000 |
| 2017-11-02 | Listed for sale | $1,999,000 |
For Sale by Agent
View on Zillow