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6-Unit Apartment Building

14 SHERMAN AVE, Jersey City, NJ 07307

For Sale
Contact for pricing

Separate utility meters and tenant-paid utilities provide a distinct utility arrangement for each residence.

Property SizeContact for details
Days on Market47

Property Features for 14 SHERMAN AVE

General Information

Standard status Active
Property subtype Multifamily

Units

Multifamily Units 6
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Amenities

basement
private backyard

Building Details

Stories 3
Listing Agency: Prominent Properties Commercial
Listed By: Basilio Rivera · License NJ #1008875
Source: Crexi
Added: Sep 24 Changed: Nov 8 Last Checked: Nov 8 at 4:28PM

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 Prominent Properties Commercial

Rey
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Investment Insights

Based on property information with market context.

This three-story apartment property contains six residences, with two units on each floor. Each unit has a separate utility meter, and tenants pay their own utility costs. The building also includes a basement and a private backyard.

Building utilities were upgraded about 1.5 years ago, and the roof has received maintenance. Several units have not been renovated and are leased below market, while other units offer a different condition profile.

Key Highlights

  • Six apartments arranged as two units on each of three floors
  • Each unit is separately metered; tenants pay their own utilities
  • Basement and private backyard

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

3,893
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 Apartment buildings 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?
Apartment building - Separate utility meters and tenant-paid utilities provide a distinct utility arrangement for each residence.
Where is this apartment building located?
The property is located at 14 SHERMAN AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six apartments arranged as two units on each of three floors; Each unit is separately metered; tenants pay their own utilities; Basement and private backyard
(201) 333-7717 · Office Call to check price and availability
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