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150 Monticello Ave 5 Unit Apartment Building $1,199,000 ($239,800/Unit) 4.84% Cap Rate Jersey City, NJ 07304
Executive Summary
Acquire a mint-condition 5-unit mixed-use property located on highly trafficked Monticello Avenue, just minutes from Journal Square, offering tremendous upside in rental income. The property features two income-producing commercial spaces and three residential apartments, separate utilities, no rent control, and has been fully renovated within the past 10 years. Well-maintained and centrally located, it provides convenient access to shopping, dining, schools, and public transportation to New York City, making it a prime, turn-key investment opportunity with strong long-term growth potential.
Property Facts
| Price | $1,199,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $239,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 4.84% | Building Size | 3,946 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1885 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,199,000 |
| Price Per Unit | $239,800 |
| Sale Type | Investment |
| Cap Rate | 4.84% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,946 SF |
| No. Stories | 3 |
| Year Built | 1885 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-16903-0000-00002 | Improvements Assessment | $516,500 |
| Land Assessment | $76,700 | Total Assessment | $593,200 |
Property Taxes
Parcel Number
06-16903-0000-00002
Land Assessment
$76,700
Improvements Assessment
$516,500
Total Assessment
$593,200
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150 Monticello Ave
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