Updated Duplex with Finished
For Sale
$1,200,000
203 HANCOCK AVE JC, Jersey City, NJ 07307
Vacant two-unit property with updated kitchens, finished lower level, and a private basement entrance.
Property Size2,184 SF
Price / SF$549.45
Days on Market51
Property Features for 203 HANCOCK AVE JC
General Information
Standard status
Active
Size
2,184 SF
Property subtype
2 Family
Listing Agency:
COMPASS NEW JERSEY, LLC
Listed By:
FERNANDO LEYVA
(551) 284-0175
Source:
Propertiesbysouthern
Added: Aug 24
Changed: Oct 11
Last Checked: Oct 11 at 1:00PM
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 COMPASS NEW JERSEY, LLC
Investment Insights
Based on property information with market context.
This duplex at 203 Hancock Ave in Jersey City Heights provides 2,184 square feet across two residential levels plus a finished basement. The first-floor residence includes two bedrooms, one full bathroom, a living room, dining area, renovated kitchen with quartz counters and stainless steel appliances, hardwood flooring, 10-foot ceilings, forced-air heat, and central air conditioning. The second floor offers three bedrooms, a living room, an eat-in kitchen, forced-hot-air heat, and mini-split cooling.
The finished basement adds an open recreational area, two flex rooms, and a full bathroom, with its own private entrance. The property will be delivered fully vacant. Its Jersey City Heights location is approximately 5 miles from NYC and is near shopping, dining, and transportation options for commuting into the city.
The finished basement adds an open recreational area, two flex rooms, and a full bathroom, with its own private entrance. The property will be delivered fully vacant. Its Jersey City Heights location is approximately 5 miles from NYC and is near shopping, dining, and transportation options for commuting into the city.
Key Highlights
- 2,184‑square‑foot duplex with two residential floors and a finished basement
- First floor includes 2 bedrooms, 1 full bathroom, renovated kitchen, and 10‑foot ceilings
- Second floor offers 3 bedrooms, a living room, and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,566
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,320
$991.3K
Cap Rate 7%
$708,086
$708.1K
Cap Rate 9%
$550,733
$550.7K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$74.7K $34.20/SF
− Vacancy
−$3.9K −$1.78/SF
EGI
$70.8K $32.42/SF
− OpEx
−$21.2K −$9.73/SF
NOI
$49.6K $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%
$991,320
Cap Rate 7%
$708,086
Cap Rate 9%
$550,733
Alternative Uses
Best Use
Multifamily LT 5
$708.1K
$619.6K – $826.1K
NOI $49,566 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$635.2K
$555.8K – $741.0K
NOI $44,461 @ 7.0% cap · market cap 3.71%
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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Current Use
Location Intelligence
Trade Area within ½ mile
3,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 07307, NJ
44,247
Population
18,762
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
23,288
Density / Sq Mi
$80,745
Median Household Income
$52,729
Median Earnings
$1,708
Median Rent
$574,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with updated kitchens, finished lower level, and a private basement entrance.
Where is this duplex located?
The property is located at 203 HANCOCK AVE JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,184‑square‑foot duplex with two residential floors and a finished basement; First floor includes 2 bedrooms, 1 full bathroom, renovated kitchen, and 10‑foot ceilings; Second floor offers 3 bedrooms, a living room, and an eat‑in kitchen
