Four-Unit Property with Walkout
New
For Sale
$825,000
25 Greenville Ave, Jersey City, NJ 07305
Multi-Family, Fourplex, Jersey City, NJ
Property Size2,900 SF
Lot Size0.05 Acres
Price / SF$284.48
Days on Market4
Property Features for 25 Greenville Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 4, Basement, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Directions
Old Bergen to Greenville
Standard status
Active
Size
2,900 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10077
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1928
Number of units
4
Roof type
Flat, Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS MID-TOWN DIRECT · Keller Williams Realty
(973) 762-5400
Listed By:
CONRAD MARTIN · License #2191921
(973) 762-5400
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 2:06PM
MLS# 4049067
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential property in Jersey City contains two 2-bedroom apartments and two 1-bedroom apartments within approximately 2,900 square feet. The building includes a walkout basement with separate utilities and sits on a 2,273-square-foot lot. Constructed in 1928, the property has flat and shingle roof sections, with public water and public sewer service. The units are scheduled to be delivered vacant at closing, subject to the seller’s required 90-day timeline to vacate.
The property is located near Route 440 and the Hudson-Bergen Light Rail. Its four-unit configuration supports an owner-occupant arrangement with additional residences or a multifamily portfolio strategy, as identified in the property information. The residence mix, basement, utility separation, and vacant delivery provide the core physical and operational details for evaluating the asset.
The property is located near Route 440 and the Hudson-Bergen Light Rail. Its four-unit configuration supports an owner-occupant arrangement with additional residences or a multifamily portfolio strategy, as identified in the property information. The residence mix, basement, utility separation, and vacant delivery provide the core physical and operational details for evaluating the asset.
Key Highlights
- Four‑unit configuration with two 2‑bedroom and two 1‑bedroom units
- Approximately 2,900 square feet across four units
- Walkout basement with separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Vacant-at-closing four-unit property with two two-bedroom and two one-bedroom residences, separate utilities, and a walkout basement.
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‑unit configuration with two 2‑bedroom and two 1‑bedroom units; Approximately 2,900 square feet across four units; Walkout basement with separate utilities
