Renovated 2-Unit
256 PRINCETON AVE JC, Greenville, NJ 07305
For Sale
New
$799,000
A private backyard and oversized deck add outdoor space to this vacant, renovated property.
Property Size2,835 SF
Price / SF$281.83
Days on Market4
Property Features for 256 PRINCETON AVE JC
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
private backyard
oversized deck
in-unit laundry
granite countertops
stainless steel appliances
mini split systems
Building Details
Buildings
Listing Agency:
EXP REALTY LLC
Listed By:
MORDY ABELESZ · License #17525
(866) 201-6210
Source:
Propertiesbysouthern
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:40PM
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 EXP REALTY LLC
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.
This renovated duplex contains 2,835 square feet of living space across two residences. The main home occupies the upper three floors and offers four bedrooms, two full bathrooms, a kitchen, living room, in-unit laundry, and ample closet space. The lower-level apartment has one bedroom. Interior features include granite countertops, stainless steel appliances, and mini-split systems.
Residents have direct access to a large private backyard and an oversized deck. The property is approximately a six-minute walk from the Danforth Avenue Hudson-Bergen Light Rail, with NJ Transit bus service nearby. Major highways, shopping, schools, and neighborhood amenities are also noted in the surrounding area.
Residents have direct access to a large private backyard and an oversized deck. The property is approximately a six-minute walk from the Danforth Avenue Hudson-Bergen Light Rail, with NJ Transit bus service nearby. Major highways, shopping, schools, and neighborhood amenities are also noted in the surrounding area.
Key Highlights
- 2,835 square feet of living space in a two‑unit building
- Upper residence spans three floors and includes 4 bedrooms and 2 full baths
- Lower‑level apartment has 1 bedroom
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 Hudson County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A private backyard and oversized deck add outdoor space to this vacant, renovated property.
Where is this duplex located?
The property is located at 256 PRINCETON AVE JC Greenville, 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 two‑unit building; Upper residence spans three floors and includes 4 bedrooms and 2 full baths; Lower‑level apartment has 1 bedroom
