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318 5th St Jersey City, NJ 07302 318 5th St 4 Unit Apartment Building $1,700,000 ($425,000/Unit) 4.50% Cap Rate Jersey City, NJ 07302
Investment Highlights
- Located in Jersey City’s Downtown district with a 99 Walk Score and 81 Transit Score, ensuring top-tier mobility.
- Surrounded by dining, retail, and community amenities that enhance livability and convenience.
- Quick PATH train access for fast Manhattan commutes.
Executive Summary
The property lies within Downtown Jersey City, close to major thoroughfares and commuter corridors offering regional connectivity. It is located near the Hudson Waterfront with multiple transit options, including PATH service, which links Jersey City to Manhattan. The site is within an established residential neighborhood that includes mid-rise and low-rise housing. It is proximate to retail, educational facilities, and public parks.
Property Facts
| Price | $1,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $425,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.50% | Building Size | 5,537 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1897 |
| Property Subtype | Apartment | ||
| Zoning | commerical - RC3 - Residential Commercial District 3 - https://library.municode.com/nj/jersey_city/codes/code_of_ordinances?nodeId=CH345ZO_ARTVZODEST_S345-45.2RECO | ||
| Price | $1,700,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,537 SF |
| No. Stories | 4 |
| Year Built | 1897 |
| Zoning | commerical - RC3 - Residential Commercial District 3 - https://library.municode.com/nj/jersey_city/codes/code_of_ordinances?nodeId=CH345ZO_ARTVZODEST_S345-45.2RECO |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-11209-0000-00013 | Improvements Assessment | $660,200 |
| Land Assessment | $750,500 | Total Assessment | $1,410,700 |
Property Taxes
Parcel Number
06-11209-0000-00013
Land Assessment
$750,500
Improvements Assessment
$660,200
Total Assessment
$1,410,700
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318 5th St Jersey City, NJ 07302 | 318 5th St
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