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3-Unit Triplex

132 Terrace Ave, Jersey City, NJ 07307

For Sale
$799,000
Pending

Two refreshed three-bedroom apartments sit above a finished one-bedroom suite.

Property SizeContact for details
Days on Market39

Property Features for 132 Terrace Ave

General Information

Standard status Pending
Property subtype Residential Income

Units

Unit Mix 2 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units 3

Amenities

private yard
gazebo
terrace

Building Details

Buildings 1
Listing Agency: COLDWELL BANKER REALTY
Listed By: SANJEEV PRABHAKAR · License NJ #1328957
Source: Exprealty
Added: Oct 2 Changed: Nov 3 Last Checked: Nov 8 at 7:14AM

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 COLDWELL BANKER REALTY

Rey
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Investment Insights

Based on property information with market context.

The three-unit property contains two updated apartments, each with three bedrooms and two bathrooms, plus a finished one-bedroom, one-bath suite. Outdoor features include a private yard, gazebo, and terrace.

The property has a history of rental occupancy. When all three units were occupied, the reported cap rate was approximately 8%.

Key Highlights

  • Two updated apartments, each with 3 bedrooms and 2 bathrooms
  • Finished lower suite with 1 bedroom and 1 bathroom
  • Private yard, gazebo, and terrace

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,772
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Triplexes in Jersey City

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two refreshed three-bedroom apartments sit above a finished one-bedroom suite.
Where is this triplex located?
The property is located at 132 Terrace Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two updated apartments, each with 3 bedrooms and 2 bathrooms; Finished lower suite with 1 bedroom and 1 bathroom; Private yard, gazebo, and terrace
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