REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,350,000
Est. payment | /mo
12 Beds
6 Baths
$ 1,350,000
Est. payment | /mo
12 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250025637
Bedrooms 12
Full Baths 6
HOA Fees $4/mo
Annual Tax Amount $14,147
Tax Year 2023
Lot Dimensions 31.9X133
Property Sub-Type 4 Family
Property Description
Presenting 114 Neptune Avenue, a substantial 6-unit multifamily investment opportunity located in the dynamic Greenville section of Jersey City. Built in 1920 and sitting on a large 31x133 lot, this 4,908 square foot property combines historic charm with solid investment fundamentals, offering 6.5% Cap Rate. The building comprises six large apartments, typically featuring flexible railroad-style layouts that can function as spacious 2-bedroom or efficient 3-bedroom units. These "bright and airy" units have a history of strong occupancy due to their size and affordability relative to Downtown Jersey City. Recent improvements in select units ensure competitive rental rates while leaving room for future value-add cosmetic renovations to push the rent roll even higher. Ideally situated for commuters and students, the property boasts a "Very Walkable" Walk Score of 82. It is located just minutes from New Jersey City University (NJCU), making it a prime location for student housing or faculty rentals. For NYC commuters, the NJ Transit #81 and #6 buses stop just around the corner, connecting directly to the PATH and Exchange Place. The Hudson-Bergen Light Rail (Danforth Ave Station) is also easily accessible.
Location
State NJ
County Hudson
Area Jc Greenville
Rooms
Basement Finished
Interior
Heating A/C Window, Baseboard, Electric
Cooling A/C Window, Baseboard, Electric
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features None
Listed by COLDWELL BANKER REALTY
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
