Two-Unit Duplex with Private
New
For Sale
$799,000
256 PRINCETON AVE, Jersey City, NJ 07305
2 Family, Row House, Jersey City, NJ
Property Size2,835 SF
Price / SF$281.83
Days on Market3
Property Features for 256 PRINCETON AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bedroom 1, Bathroom 1
Directions
Linden & Gates Ave.
Subdivision
JC, Greenville
Standard status
Active
Amenities
private backyard
oversized deck
Building Details
Architectural style
Other
Buildings
1
Listing Agency:
EXP REALTY LLC
Listed By:
MORDY ABELESZ · License #17525
(866) 201-6210
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 12:06PM
MLS# 260022158
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 and vacant, this two-unit duplex contains 2,835 square feet of living space. The main residence occupies the upper three floors and includes four bedrooms, two full bathrooms, a kitchen, living room, in-unit laundry, and generous closet space. A separate one-bedroom apartment is located on the lower level. Interior features include granite countertops, stainless steel appliances, and mini-split systems.
The property also offers direct access to a private backyard and an oversized deck. Danforth Avenue Hudson-Bergen Light Rail is approximately a six-minute walk away, with NJ Transit bus service nearby. Major highways, shopping, schools, and neighborhood amenities are also accessible in the surrounding area.
The property also offers direct access to a private backyard and an oversized deck. Danforth Avenue Hudson-Bergen Light Rail is approximately a six-minute walk away, with NJ Transit bus service nearby. Major highways, shopping, schools, and neighborhood amenities are also accessible in the surrounding area.
Key Highlights
- 2,835 square feet of living space in a renovated, vacant duplex
- Two units: a four‑bedroom main residence and a separate one‑bedroom lower‑level apartment
- Main residence spans the upper three floors and has two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,341
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,820
$1.3M
Cap Rate 7%
$919,157
$919.2K
Cap Rate 9%
$714,900
$714.9K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$97.0K $34.20/SF
− Vacancy
−$5.0K −$1.78/SF
EGI
$91.9K $32.42/SF
− OpEx
−$27.6K −$9.73/SF
NOI
$64.3K $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%
$1,286,820
Cap Rate 7%
$919,157
Cap Rate 9%
$714,900
Alternative Uses
Best Use
Multifamily LT 5
$919.2K
$804.3K – $1.07M
NOI $64,341 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$824.5K
$721.4K – $961.9K
NOI $57,714 @ 7.0% cap · market cap 7.22%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
805
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
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 - The upper residence spans three floors, with a separate one-bedroom apartment on the lower level.
Where is this duplex located?
The property is located at 256 PRINCETON AVE 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: 2,835 square feet of living space in a renovated, vacant duplex; Two units: a four‑bedroom main residence and a separate one‑bedroom lower‑level apartment; Main residence spans the upper three floors and has two full bathrooms
