18 Beds
11 Baths
1,306 Sqft Lot
18 Beds
11 Baths
1,306 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multiple Buildings
Listing Status Active
Purchase Type For Sale
Municipality Jersey City (JER)
MLS Listing ID 22615585
Bedrooms 18
Full Baths 10
Half Baths 1
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
Current gross annual income of approximately $236,000 with projected proforma income exceeding $286,000 annually at stabilization, creating a strong value-add investment opportunity at a $2.7M asking price with attractive 10 CAP potential.
The portfolio includes:
• 718 West Side Ave - ''Juice Bar Building''
• 722 West Side Ave - ''Pizza Building''
• 266 Duncan Ave - ''Super Hero Building'' Combined, the portfolio offers multiple residential units consisting primarily of spacious 3-bedroom apartments along with highly visible street-level commercial spaces in strong rental locations.
718 West Side Ave features a vacant 1,100 SF retail storefront previously operating as a juice bar with approvals for coffee/juice bar use, 1.5 baths, rear yard access, separate utilities, large walkout basement, and two 3-bedroom residential units. Significant upside exists with all leases currently below market and month-to-month. Major upgrades include maintained roof, newer furnaces, hot water heaters, and brand-new 3-face electrical panels.
722 West Side Ave includes a long-term pizzeria tenant with 3% annual increases plus two residential apartments, including a newly renovated vacant 3-bedroom unit ready for immediate market rent. Building upgrades include renovated bathrooms, upgraded electric, and central fire/safety monitoring.
266 Duncan Ave consists of a deli storefront, additional contractor garage/office space, walkout basement with updated utilities, and two spacious 3-bedroom residential apartments with substantial rental upside.
Additional highlights throughout the portfolio include:
Separate gas and electric meters
Public water/public sewer
Natural gas heating
Renovated residential units
Strong commercial visibility
Value-add rent potential across nearly every unit
Proximity to transportation, parks, shopping, and major redevelopment projects
Located directly across from Lincoln Park and minutes from Journal Square PATH transportation, this portfolio offers investors the perfect blend of stable cash flow, appreciation potential, and long-term upside in one of Jersey City's strongest emerging investment corridors.
Perfect opportunity for investors seeking mixed-use assets with immediate income and significant future growth potential. Buildings can be purchased separately at $900,000 each!
Location
State NJ
County Hudson
Area None
Building/Complex Name None
Direction First Building: 718 W Side Ave, Jersey City, NJ 07306 Second Building: 722 W Side Ave, Jersey City, NJ 07306 Third Building:266 Duncan Ave, Jersey City, NJ 07306
Rooms
Basement Full
Interior
Heating Baseboard
Cooling Other
Exterior
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 06-14701-0000-00030
Virtual Tour https://media.fotosforthefuture.com/sites/raomdwgl/unbranded
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REALTOR® | Lic# 2294471