3-Unit Triplex with
For Sale
$950,000
116 West 5th Street, Bayonne, NJ 07002
Each residence has two bedrooms and one full bathroom, with additional basement storage and flexible space.
Property Size2,846 SF
Price / SF$333.80
Days on Market39
Property Features for 116 West 5th Street
General Information
Standard status
Active
Size
2,846 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
walkout basement
back patio
Building Details
Building Size
2,846 SF
Year Built
1920
Buildings
1
Units
3
Listing Agency:
Coldwell Banker Realty
(201) 767-0550
Listed By:
Kim A. Leonelli
(201) 660-9933
Source:
Cammarotarealestate
Added: Sep 16
Changed: Oct 22
Last Checked: Oct 22 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
At 116 West 5th Street in Bayonne, this 2,846-square-foot triplex contains three units, each with two bedrooms and one full bathroom. Built in 1920, the property also has a walkout basement for storage or other flexible use, a two-car garage, a driveway, and a rear patio.
The property is near shopping, restaurants, houses of worship, and parks, including Stephen R. Gregg Park along Newark Bay. Hudson-Bergen Light Rail service connects the area to Jersey City and Hoboken, with onward connections to PATH service into Manhattan. The Bayonne Bridge and major Hudson County roadways provide additional regional access.
The property is near shopping, restaurants, houses of worship, and parks, including Stephen R. Gregg Park along Newark Bay. Hudson-Bergen Light Rail service connects the area to Jersey City and Hoboken, with onward connections to PATH service into Manhattan. The Bayonne Bridge and major Hudson County roadways provide additional regional access.
Key Highlights
- Three residential units, each with two bedrooms and one full bathroom
- 2,846 square feet; built in 1920
- Walkout basement, two‑car garage, driveway, and rear patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,631
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,620
$952.6K
Cap Rate 7%
$680,443
$680.4K
Cap Rate 9%
$529,233
$529.2K
Market Conditions
NOI Build-Up for 2,846 SF
Gross rent
$72.7K $25.56/SF
− Vacancy
−$4.7K −$1.65/SF
EGI
$68.0K $23.91/SF
− OpEx
−$20.4K −$7.17/SF
NOI
$47.6K $16.74/SF
Area
Hudson County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,620
Cap Rate 7%
$680,443
Cap Rate 9%
$529,233
Alternative Uses
Best Use
Multifamily LT 5
$680.4K
$595.4K – $793.9K
NOI $47,631 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$625.2K
$547.1K – $729.4K
NOI $43,766 @ 7.0% cap · market cap 4.61%
Theoretical Best
Warehouse
$1.03M
$901.8K – $1.20M
NOI $72,140 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 07002, NJ
71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms and one full bathroom, with additional basement storage and flexible space.
Where is this triplex located?
The property is located at 116 West 5th Street Bayonne, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three residential units, each with two bedrooms and one full bathroom; 2,846 square feet; built in 1920; Walkout basement, two‑car garage, driveway, and rear patio
