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Three-Unit Multifamily Property
For Sale
$895,000

163 W 24th St, Bayonne, NJ 07002

Residential income property with separate entrances, private outdoor space, and convenient access to shopping, schools, transit, and commuter routes.

Property SizeContact for details
Lot Size0.09 Acres
Days on Market52

Property Features for 163 W 24th St

General Information

Standard status Active
Lot size 0.09 Acres
Property subtype Multi Family Home

Additional Details

Public Transit Yes
Multifamily Units 3

Amenities

private entrances
full unfinished basement
big private backyard

Building Details

Year Built 1925
Buildings 1
Units 3
Listing Agency: America's Elite Group LLC.
Listed By: Atef L Mikhaeil · License #2075273
Source: Betterhomerealestate
Added: Jul 9 Changed: Aug 28 Last Checked: Aug 28 at 6:53AM

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 America's Elite Group LLC.

Investment Insights

Based on property information with market context.

Built in 1925, this three-unit residential property offers a separate entrance for each apartment, individual living areas, and distinct interior layouts. The building also includes a full unfinished basement and a private backyard, providing additional storage and outdoor space.

The property is located at 163 W 24th St in Bayonne City, within walking distance of ShopRite and Midtown School. Shopping, dining, parks, and public transportation are nearby, while major commuter routes provide access toward New York City.

Key Highlights

  • Three residential units, each with its own private entrance
  • 25X151 lot with a private backyard
  • Full unfinished basement

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Computer & Electronic Repair Tech Support Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Nursing Home Home Appliance 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.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,475
Businesses Nearby

Demographics for 07002, NJ

71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Residential income property with separate entrances, private outdoor space, and convenient access to shopping, schools, transit, and commuter routes.
Where is this triplex located?
The property is located at 163 W 24th St Bayonne, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three residential units, each with its own private entrance; 25X151 lot with a private backyard; Full unfinished basement
More about this property
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