Property
Beds
12
Full Baths
6
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
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.
Features & Amenities
Interior
-
Total Bedrooms
12
-
Bathrooms
6
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
4 Family
Price
-
Sales Price
$1,350,000
-
Tax Amount
14147.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
HUDSON
Elementary School
Middle School
High School
Listing Courtesy of Jill Biggs , Coldwell Banker, Hoboken
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