Three-Unit Residential
143 Hopkins Ave, Jersey City, NJ 07306
For Sale
New
$879,990
All three apartments have a two-bedroom layout.
Property Size3,060 SF
Price / SF$287.58
Days on Market2
Property Features for 143 Hopkins Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
LUIS DAVILA · License #311785
(201) 780-0498
Source:
Luminancerealty
Added: Nov 8
Last Checked: Aug 25 at 5:06AM
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
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Investment Insights
Based on property information with market context.
This Jersey City triplex contains three apartments, each with two bedrooms. The uniform unit mix provides a clear residential configuration across the property.
Journal Square and bus service are approximately a 5-minute walk away, with light rail service nearby. The Holland Tunnel provides a route to Manhattan, about a 10-minute drive from the property.
Journal Square and bus service are approximately a 5-minute walk away, with light rail service nearby. The Holland Tunnel provides a route to Manhattan, about a 10-minute drive from the property.
Key Highlights
- Three apartments, each with two bedrooms
- Approximately a 5‑minute walk to Journal Square and buses
- Light rail service nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,447
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,940
$1.4M
Cap Rate 7%
$992,100
$992.1K
Cap Rate 9%
$771,633
$771.6K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$104.7K $34.20/SF
− Vacancy
−$5.4K −$1.78/SF
EGI
$99.2K $32.42/SF
− OpEx
−$29.8K −$9.73/SF
NOI
$69.4K $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 Rate 5%
$1,388,940
Cap Rate 7%
$992,100
Cap Rate 9%
$771,633
Alternative Uses
Best Use
Multifamily LT 5
$992.1K
$868.1K – $1.16M
NOI $69,447 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$889.9K
$778.7K – $1.04M
NOI $62,294 @ 7.0% cap · market cap 7.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Triplexes in Jersey City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments have a two-bedroom layout.
Where is this triplex located?
The property is located at 143 Hopkins Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $879,990.
What are key features of this property?
This property features: Three apartments, each with two bedrooms; Approximately a 5‑minute walk to Journal Square and buses; Light rail service nearby
