Updated Two-Family Colonial
New
For Sale
$799,999
311 UNION ST JC, Jersey City, NJ 07304
A finished walk-out basement and a backyard complement the property’s two-family layout.
Property Size3,498 SF
Price / SF$228.70
Days on Market5
Property Features for 311 UNION ST JC
General Information
Standard status
Active
Size
3,498 SF
Total Parking Spaces
2
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Construction
colonial
Listing Agency:
REMAX SIGNATURE HOMES
Listed By:
MILANKA LIPPMAN · License #1969510
(201) 660-9933
Source:
Serhant
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:33PM
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 REMAX SIGNATURE HOMES
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated duplex is configured as a two-family Colonial with 8 bedrooms and 3 bathrooms. The full basement is finished and has walk-out access. A backyard and two parking spaces in front are also part of the property.
The property is at 311 Union St in West Bergen, Jersey City, near schools, parks, and shopping.
The property is at 311 Union St in West Bergen, Jersey City, near schools, parks, and shopping.
Key Highlights
- Two‑family Colonial with 8 bedrooms and 3 bathrooms
- Full finished basement with walk‑out access
- Two parking spaces in front
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,211
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,220
$1.4M
Cap Rate 7%
$1,017,300
$1.0M
Cap Rate 9%
$791,233
$791.2K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$136.0K $38.88/SF
− Vacancy
−$6.5K −$1.87/SF
EGI
$129.5K $37.01/SF
− OpEx
−$58.3K −$16.66/SF
NOI
$71.2K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,220
Cap Rate 7%
$1,017,300
Cap Rate 9%
$791,233
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$992.4K – $1.32M
NOI $79,388 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$1.02M
$890.1K – $1.19M
NOI $71,211 @ 7.0% cap · market cap 8.90%
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
Location Intelligence
Trade Area within ½ mile
2,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished walk-out basement and a backyard complement the property’s two-family layout.
Where is this duplex located?
The property is located at 311 UNION ST JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑family Colonial with 8 bedrooms and 3 bathrooms; Full finished basement with walk‑out access; Two parking spaces in front
