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Brick Multifamily Investment
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Pending

347 7th St, Jersey City, NJ 07302

Fully occupied, fully-brick building with six renovated units featuring separate utilities and in-unit washers/dryers.

Property SizeContact for details
Days on Market144

Property Features for 347 7th St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 6

Amenities

washer/dryer
SS Appliances
custom kitchens
hardwood flooring
outdoor space
roof deck

Building Details

Construction All Brick
Listing Agency: Century 21 Preferred Realty Inc Union
Listed By: Diane Rivera · License #NJ
Source: Crexi
Added: Apr 11 Changed: Aug 24 Last Checked: Aug 29 at 12:14AM

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 Century 21 Preferred Realty Inc Union

Investment Insights

Based on property information with market context.

This fully occupied, all-brick multifamily property has been gut renovated, with additional recent improvements including hallway renovation and a new roof. The building contains six units, each featuring two bedrooms and one full bathroom, with approximate unit sizes in the 700–750 range. Each unit has its own separate utilities and is equipped with washer/dryer, HVAC, stainless steel appliances, custom kitchens, and hardwood flooring. Two first-floor units include outdoor space, and Apt. 5 provides exclusive roof deck access.

The property is located in downtown Jersey City at 347 7th St. Tenants pay all utilities except cold water, and the building is self-managed.

While rents are described as market, they are somewhat lower than current market trends and may be increased with modest capital improvements.

Key Highlights

  • Fully occupied six‑unit, fully‑brick building in downtown JC
  • Six renovated units with 2 beds and 1 full bath; approx. 700–750 SF per unit
  • Separate utilities for each unit, with in‑unit washer/dryer and HVAC

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Home Appliance Store Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Adult Day Care Buffet

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,957
Businesses Nearby

Demographics for 07302, NJ

57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied, fully-brick building with six renovated units featuring separate utilities and in-unit washers/dryers.
Where is this apartment building located?
The property is located at 347 7th St Jersey City, NJ.
What are key features of this property?
This property features: Fully occupied six‑unit, fully‑brick building in downtown JC; Six renovated units with 2 beds and 1 full bath; approx. 700–750 SF per unit; Separate utilities for each unit, with in‑unit washer/dryer and HVAC
(201) 792-7601 Call to check price and availability
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