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Multifamily Property with Garage
New
For Sale
$929,000

5 Reservoir Ave Jersey City, Jersey City, NJ 07307

Includes a private balcony, shared laundry, rear yard, and off-street parking.

Property SizeContact for details
Days on Market7

Property Features for 5 Reservoir Ave Jersey City

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Public Transit Yes

Amenities

private outdoor balcony
shared laundry facilities
rear yard
off-street parking
garage
Listing Agency: GARDEN STATE REALTY GROUP, LLC
Listed By: Robert Kohrs · License #8389
Source: Daunnorealty
Added: Sep 19 Last Checked: Sep 22 at 1:48PM

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 GARDEN STATE REALTY GROUP, LLC

Investment Insights

Based on property information with market context.

This multifamily property at 5 Reservoir Ave includes generous living areas, a private balcony, shared laundry facilities, and a rear yard. The improvements also include off-street parking and a garage, adding useful outdoor and vehicle storage features.

The property is positioned in Jersey City Heights near neighborhood parks, cafes, restaurants, and supermarkets. NYC bus service is available nearby on Palisade Avenue, while the 2nd Street Hudson-Bergen Light Rail station provides access to PATH train connections. The address is also close to the amenities of Jersey City and Hoboken.

Key Highlights

  • Multifamily property at 5 Reservoir Ave, Jersey City, Heights, NJ 07307
  • Private outdoor balcony and shared laundry facilities
  • Rear yard provides an additional outdoor area

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Catering Service Veterinary Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,789
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?
Multifamily property - Includes a private balcony, shared laundry, rear yard, and off-street parking.
Where is this multifamily property located?
The property is located at 5 Reservoir Ave Jersey City Jersey City, NJ.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Multifamily property at 5 Reservoir Ave, Jersey City, Heights, NJ 07307; Private outdoor balcony and shared laundry facilities; Rear yard provides an additional outdoor area
More about this property
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