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Three-Unit Multifamily Property
New
For Sale
$799,000

203 DELAWARE AVE JC, Jersey City, NJ 07306

Occupied apartments provide established rental operations with basement storage and laundry hookups.

Property SizeContact for details
Days on Market6

Property Features for 203 DELAWARE AVE JC

General Information

Standard status Active
Property subtype 3 Family
Occupancy 100%

Units

Unit Mix 1 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units 3

Additional Details

Gross Income $62,700

Amenities

washer and dryer hookup

Building Details

Buildings 1
Tenancy Multi
Listing Agency: COLDWELL BANKER
Listed By: LORRAINE MCALLISTER
Source: Propertiesbysouthern
Added: Aug 26 Changed: Aug 31 Last Checked: Aug 31 at 9:40AM

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

Investment Insights

Based on property information with market context.

This three-unit residential income property includes a three-bedroom, one-bath apartment on the first floor and two additional apartments above, each with two bedrooms and one full bath. The building also offers basement storage and connections for a washer and dryer. All units are occupied, and residents handle garbage, recycling, and snow removal responsibilities.

The property is located on Delaware Avenue in Journal Square, with transportation, shopping, dining, and everyday services nearby. Its three-floor configuration provides distinct apartments within a single multifamily asset, supporting continued rental use or an owner-occupant arrangement with additional units generating income.

Key Highlights

  • Three occupied apartments in a single multifamily property
  • First‑floor unit has 3 bedrooms and 1 bath
  • Second- and third‑floor units each have 2 bedrooms and 1 full bath

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Nursing Home Acupuncture Carpet & Flooring Store Adult Day Care

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,369
Businesses Nearby

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

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 - Occupied apartments provide established rental operations with basement storage and laundry hookups.
Where is this triplex located?
The property is located at 203 DELAWARE AVE JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three occupied apartments in a single multifamily property; First‑floor unit has 3 bedrooms and 1 bath; Second- and third‑floor units each have 2 bedrooms and 1 full bath
More about this property
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