Fully Renovated Triplex with Retail
For Sale
$1,050,000
130 W SIDE AVE, Jersey City, NJ 07305
3-4 Family, Multi-Level, Jersey City, NJ
Property Size2,400 SF
Price / SF$437.50
Days on Market52
Property Features for 130 W SIDE AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Directions
Woodlawn and Armstrong Ave
Subdivision
JC, West Bergen
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
18000
Amenities
central A/C
12 ft ceilings
Building Details
Architectural style
Other
Listing Agency:
EXP REALTY LLC
(866) 201-6210
Listed By:
ERIK GOLDFARB · License #1643404
(866) 201-6210
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 29 at 12:06AM
MLS# 260013448
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Welcome to 130 W Side Ave, a fully renovated three-unit mixed-use triplex in Jersey City. The property combines residential and retail in a cohesive layout, with two residential units configured with in-unit washer/dryer and mini-splits. Unit 1 offers a 1-bedroom plus den, 1-bath layout with radiant heated floors, modern kitchen finishes, and dedicated carport parking. Unit 2 is a 1-bedroom, 1-bath unit with a private terrace, in-unit washer/dryer, mini-splits, and its own dedicated carport parking.
The retail component features 1,200 sq ft with 12 ft ceilings, along with spiral ductwork for central A/C. Additional retail-support space includes 1,200 sq ft of storage in the basement.
The property is positioned adjacent to the Hackensack Riverfront redevelopment zone along Route 440, aligning it with an area planned for continued growth and neighborhood investment.
The retail component features 1,200 sq ft with 12 ft ceilings, along with spiral ductwork for central A/C. Additional retail-support space includes 1,200 sq ft of storage in the basement.
The property is positioned adjacent to the Hackensack Riverfront redevelopment zone along Route 440, aligning it with an area planned for continued growth and neighborhood investment.
Key Highlights
- Fully renovated 3‑unit mixed‑use triplex configuration
- Retail space includes 1,200 sq ft with 12 ft ceilings and spiral ductwork for central A/C
- Basement storage totals 1,200 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,468
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,089,360
$1.1M
Cap Rate 7%
$778,114
$778.1K
Cap Rate 9%
$605,200
$605.2K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.1K $34.20/SF
− Vacancy
−$4.3K −$1.78/SF
EGI
$77.8K $32.42/SF
− OpEx
−$23.3K −$9.73/SF
NOI
$54.5K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,089,360
Cap Rate 7%
$778,114
Cap Rate 9%
$605,200
Alternative Uses
Best Use
Multifamily LT 5
$778.1K
$680.9K – $907.8K
NOI $54,468 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$698.0K
$610.7K – $814.3K
NOI $48,858 @ 7.0% cap · market cap 4.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 07305, NJ
67,947
Population
28,297
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
11,921
Density / Sq Mi
$77,126
Median Household Income
$47,822
Median Earnings
$1,610
Median Rent
$418,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated three-unit mixed-use property with on-site retail space and renovated residential units featuring in-unit laundry and mini-splits.
Where is this triplex located?
The property is located at 130 W SIDE AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully renovated 3‑unit mixed‑use triplex configuration; Retail space includes 1,200 sq ft with 12 ft ceilings and spiral ductwork for central A/C; Basement storage totals 1,200 sq ft
