6 Beds
4 Baths
4,300 SqFt
6 Beds
4 Baths
4,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Multiple Buildings
Listing Status Active
Purchase Type For Sale
Square Footage 4,300 sqft
Price per Sqft $209
MLS Listing ID 22616451
Bedrooms 6
Full Baths 4
Annual Tax Amount $11,873
Tax Year 2025
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 17.2 x 83
Property Sub-Type Multiple Buildings
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Exceptional mixed-use investment property located in the highly sought-after Journal Square section of Jersey City, directly across from Lincoln Park, offering strong in-place cash flow with significant upside potential. This income-producing asset features two commercial spaces and two residential apartments, making it an ideal addition to any investor's portfolio. The commercial component consists of a well-established deli/superhero retail store generating $1,575 per month plus 40% of the building's water expense, along with a separate garage/office space leased to a contractor for $1,500 per month. The contractor's space includes a full bathroom, creating flexibility for a variety of commercial uses.
The residential portion includes two spacious 3-bedroom, 1-bath apartments, currently rented at $1,600 and $1,575 per month, respectively. Both units offer substantial upside with projected market rents of approximately $2,500 per month each, providing investors with an excellent value-add opportunity.
Additional highlights include a walkout basement, recently replaced separate utility systems, and a desirable location near parks, transportation, shopping, restaurants, and major commuter routes. Situated directly across from Lincoln Park and minutes from Journal Square PATH, this property benefits from strong tenant demand and long-term appreciation potential.
Property Highlights
Mixed-use building with 2 commercial spaces and 2 residential units
Deli/superhero retail tenant paying $1,575/month plus 40% of water expense
Separate garage/office space leased for $1,500/month
Full bathroom in garage/office commercial space
Two 3-bedroom, 1-bath residential apartments
Strong rental upside with projected rents of $2,500/month per unit
Walkout basement
Separate utilities recently replaced
Directly across from Lincoln Park
Prime Journal Square location
Excellent value-add investment opportunity
Rent roll $74,000 per year with value add for $95,000 per year
With stable existing income, multiple revenue streams, and significant rental growth potential, this property presents a rare opportunity to acquire a strategically located mixed-use asset in one of Jersey City's most desirable and rapidly growing neighborhoods.
Location
State NJ
County Hudson
Area Heights
Building/Complex Name None
Direction 266 Duncan Ave Jersey City, NJ 07306
Rooms
Basement Walk-Out Access, Full
Interior
Heating Baseboard
Cooling Multi Units
Exterior
Garage Spaces 1.0
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
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