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Triplex with Private Yard
New
For Sale
$799,000

132 TERRACE AVE JC, Jersey City, NJ 07307

Two renovated family-sized apartments sit above a completed one-bedroom suite.

Property SizeContact for details
Days on Market5

Property Features for 132 TERRACE AVE JC

General Information

Standard status Active
Property subtype 2 Family

Property Condition

Severity Repairs Needed
Evidence light cosmetic upgrades

Financials

Cap Rate 8%
Gross Income $79,200

Units

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

Amenities

private yard
gazebo
terrace
Listing Agency: COLDWELL BANKER REALTY
Listed By: SANJEEV PRABHAKAR · License #1328957
Source: Serhant
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 6 at 12:16AM

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

Investment Insights

Based on property information with market context.

This three-unit residential property has two updated apartments, each with three bedrooms and two bathrooms, plus a finished lower-level suite with one bedroom and one bathroom. Outdoor features include a private yard, gazebo, and terrace.

The property is at 132 Terrace Ave in Jersey City Heights, New Jersey. All three units were occupied during the period cited for an approximate 8% cap rate.

Key Highlights

  • Two updated 3‑bedroom, 2‑bathroom apartments
  • Finished 1‑bedroom, 1‑bathroom suite
  • Private yard with gazebo and terrace

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Acupuncture Catering Service Nursing Home Parking Lot & Garage Locksmith

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

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
View Realmo Analytics

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?
Triplex - Two renovated family-sized apartments sit above a completed one-bedroom suite.
Where is this triplex located?
The property is located at 132 TERRACE AVE JC 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 3‑bedroom, 2‑bathroom apartments; Finished 1‑bedroom, 1‑bathroom suite; Private yard with gazebo and terrace
More about this property
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