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69 Hague St 8 Unit Apartment Building $1,900,000 ($237,500/Unit) 5.28% Cap Rate Jersey City, NJ 07307
INVESTMENT HIGHLIGHTS
- 8-unit multifamily in highly sought-after Jersey City Heights
- Strong rental upside with three vacant units ready for market-rate upgrades
- Convenient access to bus and light rail with quick connection to Hoboken and Journal Square PATH
- Prime location near Central Avenue shopping district, Riverview Park, and NYC transit
- Solid brick construction with separate utilities and updated mechanical systems
- Mix of one- and two-bedroom layouts providing a stable tenant base
EXECUTIVE SUMMARY
4 units vacant. Rare 8-unit multi-family in the heart of Jersey City Heights, offering a mix of 1- and 2-bedroom apartments. Strong rental income with room for upside through repositioning or updated rents. Prime location near transportation, shops, and dining makes this a highly desirable asset for both investors and tenants. Recent building and community improvements add long-term value, making this an ideal opportunity to secure a stable investment in one of Hudson County’s fastest-growing neighborhoods.
PROPERTY FACTS
| Price | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $237,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.28% | Building Size | 8,265 SF |
| Gross Rent Multiplier | 15.7 | Average Occupancy | 63% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment |
| Price | $1,900,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 15.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,265 SF |
| Average Occupancy | 63% |
| No. Stories | 3 |
| Year Built | 1980 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Bicycle Storage
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 3 | - | 700 |
| 2+1.5 | 1 | - | 800 |
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 06-00402-0000-00029 | Improvements Assessment | $399,800 |
| Land Assessment | $360,000 | Total Assessment | $759,800 |
PROPERTY TAXES
Parcel Number
06-00402-0000-00029
Land Assessment
$360,000
Improvements Assessment
$399,800
Total Assessment
$759,800
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69 Hague St
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