Building Details

Year Renovated 2017

Tenancy Multi

Listing Agency: MAJARC LLC

Listed By: YURIKO ANDERSON Show Phone

Source: Propertiesbysouthern

Added: Jun 30 Changed: Aug 25 Last Checked: Sep 8 at 12:42PM

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Investment Insights

Based on property information with market context.

Modern six-unit multi-rental building with a gut renovation completed in 2017. The property includes a semi-private back yard setup for unit 1 and unit 2, while shared washer/dryer facilities and storage units are located in the basement.

Rent includes heating. The building is located at 116 Irving St in the Jersey City Heights area.

Key Highlights

• Six‑unit multi‑rental building
• Gut renovated in 2017
• Shared washer/dryer and storage units in the basement

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home (Bike/Boat/Book/etc) Store Acupuncture Tanning Salon Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

2,720

Businesses Nearby

Explore this area Business Placement

Demographics for 07307, NJ

44,247

Population

18,762

Households

2.4

Avg Household Size

35

Median Age

46%

College-Educated

87%

High-School Grad

1.9 sq mi

ZIP Area

23,288

Density / Sq Mi

$80,745

Median Household Income

$52,729

Median Earnings

$1,708

Median Rent

$574,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Six-unit multi-rental building gut renovated in 2017 with shared basement laundry and storage, plus heating included in rent.

Where is this apartment building located?

The property is located at 116 IRVING ST JC Jersey City, NJ.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Six‑unit multi‑rental building; Gut renovated in 2017; Shared washer/dryer and storage units in the basement