Renovated Six-Unit Apartment
282 BALDWIN AVE Jersey City, NJ 07306
282 BALDWIN AVE, Jersey City, NJ, 07306
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For Sale
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Brick three-story walk-up with six 2-bed, 2-bath units and in-unit washer/dryer.
Property Size4,000 SF
Price / SF$525
Days on Market41
Property Features for 282 BALDWIN AVE
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1870
Listing Agency
EXP Realty
(866) 201-6210
Listed by
Mordy Abelesz · License #NJ 1755145
Source
Crexi
Added: Jun 11 Updated: Jul 10 at 2:01 pm Checked: Jul 16 at 3:09 am
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
Investment Insights
Based on property information with market context.
This renovated brick three-story walk-up offers six spacious apartment homes, each configured as a 2-bedroom, 2-bath layout. The building includes in-unit washer and dryer for every unit, supporting tenant convenience and day-to-day usability.
Located at 282 Baldwin Ave in Jersey City’s JSQ neighborhood, the property is described as being just minutes from the Journal Square Transportation Center. That proximity is positioned for convenient regional access, with routes providing direct connectivity to Manhattan, Hoboken, and Downtown Jersey City, along with nearby shopping, dining, and everyday conveniences.
For buyers and operators seeking a multifamily asset with multiple residential units under one roof, this building’s consistent 2 bed/2 bath configuration and in-unit laundry amenities can simplify management and tenant planning. The straightforward walk-up style and the uniform unit mix may appeal to investors looking for a residential income-focused property in the Journal Square area.
Located at 282 Baldwin Ave in Jersey City’s JSQ neighborhood, the property is described as being just minutes from the Journal Square Transportation Center. That proximity is positioned for convenient regional access, with routes providing direct connectivity to Manhattan, Hoboken, and Downtown Jersey City, along with nearby shopping, dining, and everyday conveniences.
For buyers and operators seeking a multifamily asset with multiple residential units under one roof, this building’s consistent 2 bed/2 bath configuration and in-unit laundry amenities can simplify management and tenant planning. The straightforward walk-up style and the uniform unit mix may appeal to investors looking for a residential income-focused property in the Journal Square area.
Key Highlights
- Brick three‑story walk‑up built in 1870
- 6 apartments total: each unit offers 2 bedrooms and 2 bathrooms
- In‑unit washer and dryer in every apartment
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $38.88 |
| − Vacancy | −$7.5k | −$1.87 |
| EGI | $148.1k | $37.01 |
| − OpEx | −$66.6k | −$16.66 |
| NOI | $81.4k | $20.36 |
4,000 SF · lease $38.88/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,430 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.30M
$1.13M – $1.51M
NOI $90,780 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Brick three-story walk-up with six 2-bed, 2-bath units and in-unit washer/dryer.
Where is this apartment building located?
The property is located at 282 BALDWIN AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Brick three‑story walk‑up built in 1870; 6 apartments total: each unit offers 2 bedrooms and 2 bathrooms; In‑unit washer and dryer in every apartment
