Four-Unit Multifamily with Walkout
For Sale
$825,000
25 Greenville Ave, Jersey City, NJ 07305
Vacant delivery offers flexibility for renovations and future leasing across a varied unit mix.
Property Size2,900 SF
Price / SF$284.48
Days on Market50
Property Features for 25 Greenville Ave
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Multi-Family
Building Details
Year Built
1928
Listing Agency:
KELLER WILLIAMS MID-TOWN DIRECT
Listed By:
CONRAD MARTIN · License #2191921
(973) 762-5400
Source:
Luminancerealty
Added: Aug 28
Changed: Sep 8
Last Checked: Oct 5 at 8:37PM
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 KELLER WILLIAMS MID-TOWN DIRECT
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Investment Insights
Based on property information with market context.
This Jersey City multifamily property contains four residential units totaling 2,900 square feet: two 2-bedroom apartments and two 1-bedroom apartments. The property is delivered vacant at closing, allowing renovations to be planned without inherited tenancy. A walkout basement provides additional space, and the basement has separate utilities. The property sits on a 2,273-square-foot lot and was built in 1928.
Located at 25 Greenville Ave, the property offers access to Route 440 and the Hudson-Bergen Light Rail. Walk Score is 88, Transit Score is 76, and Bike Score is 57. The four-unit configuration supports an owner-occupant arrangement or continued multifamily ownership, as described in the property information.
Located at 25 Greenville Ave, the property offers access to Route 440 and the Hudson-Bergen Light Rail. Walk Score is 88, Transit Score is 76, and Bike Score is 57. The four-unit configuration supports an owner-occupant arrangement or continued multifamily ownership, as described in the property information.
Key Highlights
- Four residential units: two 2‑bedroom and two 1‑bedroom apartments
- 2,900 square feet across four units
- Delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,816
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,320
$1.3M
Cap Rate 7%
$940,229
$940.2K
Cap Rate 9%
$731,289
$731.3K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$99.2K $34.20/SF
− Vacancy
−$5.2K −$1.78/SF
EGI
$94.0K $32.42/SF
− OpEx
−$28.2K −$9.73/SF
NOI
$65.8K $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%
$1,316,320
Cap Rate 7%
$940,229
Cap Rate 9%
$731,289
Alternative Uses
Best Use
Multifamily LT 5
$940.2K
$822.7K – $1.10M
NOI $65,816 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$843.4K
$738.0K – $984.0K
NOI $59,037 @ 7.0% cap · market cap 7.16%
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
1,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 07305, NJ
67,947
Population
28,297
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
11,921
Density / Sq Mi
$77,126
Median Household Income
$47,822
Median Earnings
$1,610
Median Rent
$418,200
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
Frequently Asked Questions
What type of property is this?
Quadplex - Vacant delivery offers flexibility for renovations and future leasing across a varied unit mix.
Where is this quadplex located?
The property is located at 25 Greenville Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four residential units: two 2‑bedroom and two 1‑bedroom apartments; 2,900 square feet across four units; Delivered vacant at closing
