Renovated Two-Unit
20 VAN WAGENEN AVE, Jersey City, NJ 07306
For Sale
New
$1,336,000
2 Family, Multi-Level, Jersey City, NJ
Property Size3,612 SF
Price / SF$369.88
Days on Market6
Property Features for 20 VAN WAGENEN AVE
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Architectural style
Buildings
Listing Agency:
REALMART REALTY
(732) 727-2280
Listed By:
QIZHAN YAO · License NJ #0902217
(732) 727-2285
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 260022468
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,612-square-foot duplex has two residential units arranged across three levels, including a finished basement. The first-floor residence connects to the basement and includes two bedrooms, two full bathrooms, a living room, kitchen, den, office, laundry area, and storage. A ground-level exterior entrance provides separate access to the basement. The second-floor unit has its own entrance, two bedrooms, two full bathrooms, a living room, kitchen, den or office, and in-unit laundry. Both units are vacant. Built in 1910, the property has undergone extensive renovation, including new siding, windows, roof, framing, HVAC, electrical, and plumbing systems.
Key Highlights
- Two residential units across three levels, with 3,612 square feet including finished basement
- Each residence has two bedrooms and two full bathrooms
- First‑floor unit connects to finished basement with office, laundry area, storage, and ground‑level exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,975
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,639,500
$1.6M
Cap Rate 7%
$1,171,071
$1.2M
Cap Rate 9%
$910,833
$910.8K
Market Conditions
NOI Build-Up for 3,612 SF
Gross rent
$123.5K $34.20/SF
− Vacancy
−$6.4K −$1.78/SF
EGI
$117.1K $32.42/SF
− OpEx
−$35.1K −$9.73/SF
NOI
$82.0K $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%
$1,639,500
Cap Rate 7%
$1,171,071
Cap Rate 9%
$910,833
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.37M
NOI $81,975 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$1.05M
$919.2K – $1.23M
NOI $73,532 @ 7.0% cap · market cap 5.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,285
Businesses Nearby
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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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Market
Properties on Market for Duplexes in Jersey City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and in-unit laundry support independent use of both residences.
Where is this duplex located?
The property is located at 20 VAN WAGENEN AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,336,000.
What are key features of this property?
This property features: Two residential units across three levels, with 3,612 square feet including finished basement; Each residence has two bedrooms and two full bathrooms; First‑floor unit connects to finished basement with office, laundry area, storage, and ground‑level exterior access
