23 Alan Ter, Jersey City, NJ, 07306
About This Home
Don't miss this incredible investment opportunity in the heart of Jersey City's Journal Square neighborhood! This well-maintained two-family home features two spacious units, each with 2 bedrooms, 1 full bathroom, and a finished basement with an additional bathroom offering flexible bonus living space. The property also includes one dedicated on-site parking space. Whether you're an investor seeking steady rental income or an owner-occupant looking to live in one unit, this property delivers.Situated about two miles from Historic Downtown Jersey City and just ten miles from Manhattan, Journal Square is a centrally located and growing neighborhood with easy access to major highways and the PATH train, making it a magnet for commuters and renters alike.
Getting Around
Walker's Paradise
Excellent Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Asphalt Shingle
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas,Refrigerator
Basement
- Has basement: Yes
- Basement: Yes,Finished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Bedrooms,Eat-in Kitchen,Living Room,Eat-In Kitchen
Heating
- Heating features: Radiators - Steam,Natural Gas
Interior Area
- Total structure area: 19,998
- Total interior livable area: 19,998 sqft
Property
Details
- Parcel number: 1806097020000000010000C0023
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 1.15 Acres
- Lot size dimensions: 500 x 100
Parking
- Total spaces: 1
- Parking features: 1 Car Width
- Uncovered spaces: 1
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
- Winter Weather
- 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 | $4,297 | $51,564 |
| Home Insurance * | $305 | $3,660 |
| Property Taxes | $1,400 | $16,800 |
| Electricity | $2,204 | $26,453 |
| Total | $8,206 | $98,472 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-22 | Listed for sale | $849,900 |
| 2010-07-07 | Sold | $355,000 |
For Sale by Agent
View on Zillow