Renovated Duplex with Finished
20 VAN WAGENEN AVE JC, Jersey City, NJ 07306
For Sale
New
$1,336,000
Two vacant apartments have separate entrances, with laundry provided in each unit.
Property Size3,612 SF
Price / SF$369.88
Days on Market6
Property Features for 20 VAN WAGENEN AVE JC
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
in-unit laundry
Building Details
Buildings
Listing Agency:
REALMART REALTY
Listed By:
QIZHAN YAO · License NJ #0902217
(732) 727-2285
Source:
Serhant
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:22PM
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 REALMART REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Renovated duplex in Jersey City’s Journal Square area, with 3,612 square feet across three levels, including a finished basement. Building improvements include James Hardie Plank fiber-cement siding, metal-framed windows, a new roof, and updated HVAC, electrical, and plumbing systems.
The first-floor apartment has two bedrooms, two full bathrooms, a living room, kitchen, and den. Its finished basement adds a living room, private office, laundry area, and storage, plus a separate ground-level exterior entrance. The second-floor apartment has two bedrooms, two full bathrooms, a living room, kitchen, den/office, and in-unit laundry. Each apartment has a private entrance, and both are vacant.
The first-floor apartment has two bedrooms, two full bathrooms, a living room, kitchen, and den. Its finished basement adds a living room, private office, laundry area, and storage, plus a separate ground-level exterior entrance. The second-floor apartment has two bedrooms, two full bathrooms, a living room, kitchen, den/office, and in-unit laundry. Each apartment has a private entrance, and both are vacant.
Key Highlights
- 3,612 SF across three levels, including a finished basement
- Two residential units, both vacant
- First‑floor unit includes a finished basement with a separate ground‑level exterior entrance
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,285
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two vacant apartments have separate entrances, with laundry provided in each unit.
Where is this duplex located?
The property is located at 20 VAN WAGENEN AVE JC 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: 3,612 SF across three levels, including a finished basement; Two residential units, both vacant; First‑floor unit includes a finished basement with a separate ground‑level exterior entrance
