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112 Duncan Ave 6 Unit Apartment Building $2,250,000 ($375,000/Unit) 7.30% Cap Rate Jersey City, NJ 07306
Investment Highlights
- Fully Renovated in recent years
- Desired 3 Bed/ 2 Bath Units
- JSQ PATH-Near St. Peter's University -JFK Blvd
Executive Summary
This fully occupied investment property offers a compelling opportunity in one of Jersey City's most accessible and evolving neighborhoods. The building was completely renovated several years ago and has been well maintained, providing investors with a stabilized asset and immediate income stream. Ideally located near Saint Peter's University, the Journal Square PATH Station, John F. Kennedy Boulevard, and McGinley Square, the property benefits from strong residential demand, excellent transportation access, and proximity to major employment, education, and retail amenities. With its desirable location and existing improvements, the property may also present an attractive opportunity for a future condominium conversion, subject to all applicable approvals and regulations.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.30% | Building Size | 5,500 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1901/2001 |
| Zoning | Commercial 3S+Bt-F-6U - Commercial 3S+Bt-F-6U Lot 29.3X124.9 | ||
| Price | $2,250,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1901/2001 |
| Zoning | Commercial 3S+Bt-F-6U - Commercial 3S+Bt-F-6U Lot 29.3X124.9 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Bay Window
- Tile Floors
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Instant Hot Water
- Island Kitchen
- Large Bedrooms
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 6 | $2,800 | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-16301-0000-00053 | Total Assessment | $1,374,800 (2026) |
| Land Assessment | $210,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,164,800 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
06-16301-0000-00053
Land Assessment
$210,000 (2026)
Improvements Assessment
$1,164,800 (2026)
Total Assessment
$1,374,800 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Contact the Sale Advisor
112 Duncan Ave