3-Unit Multifamily
279 PEARSALL AVE JC, Greenville, NJ 07305
For Sale
$1,399,999
Three separate residences include a rear accessory dwelling unit.
Property Size3,800 SF
Price / SF$368.42
Days on Market125
Property Features for 279 PEARSALL AVE JC
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
washer/dryer hookups
private roof deck
Listing Agency:
COMPASS NEW JERSEY, LLC
Listed By:
DROR REFAELI · License #2189483
(551) 212-3870
Source:
Propertiesbysouthern
Added: Jul 6
Changed: Nov 7
Last Checked: Nov 7 at 4:11PM
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
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Investment Insights
Based on property information with market context.
This newly constructed triplex contains 3,800 square feet across three residences. The front building has two three-bedroom, two-bath units: one is arranged as a duplex and includes garage parking, while the other has a private roof deck. A separate rear accessory dwelling unit offers one bedroom and 1.5 bathrooms. Washer and dryer hookups and modern finishes are provided in each residence.
The property is at 279 Pearsall Avenue in Jersey City, NJ. Its three distinct living spaces, garage parking, private rooftop outdoor area, and rear ADU define the building’s configuration.
The property is at 279 Pearsall Avenue in Jersey City, NJ. Its three distinct living spaces, garage parking, private rooftop outdoor area, and rear ADU define the building’s configuration.
Key Highlights
- 3,800 square feet across three residences
- Two front residences, each with 3 bedrooms and 2 bathrooms
- Duplex unit includes garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,241
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,820
$1.7M
Cap Rate 7%
$1,232,014
$1.2M
Cap Rate 9%
$958,233
$958.2K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$130.0K $34.20/SF
− Vacancy
−$6.8K −$1.78/SF
EGI
$123.2K $32.42/SF
− OpEx
−$37.0K −$9.73/SF
NOI
$86.2K $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%
$1,724,820
Cap Rate 7%
$1,232,014
Cap Rate 9%
$958,233
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,241 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$1.11M
$967.0K – $1.29M
NOI $77,359 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
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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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Market
Properties on Market for Triplexes in Hudson County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a rear accessory dwelling unit.
Where is this triplex located?
The property is located at 279 PEARSALL AVE JC Greenville, NJ.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: 3,800 square feet across three residences; Two front residences, each with 3 bedrooms and 2 bathrooms; Duplex unit includes garage parking
