Historic Downtown Multifamily
For Sale
Contact for pricing
38 Wayne St, Jersey City, NJ 07302
17-unit multifamily portfolio in Historic Downtown Jersey City.
Property SizeContact for details
Days on Market195
Property Features for 38 Wayne St
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Net Operating Income
$344,915
Building Details
Units
17
Listing Agency:
Modern Spaces NJ
(201) 975-3887
Listed By:
Jesse Toledano · License #2076540
Source:
Crexi
Added: Jan 30
Changed: Aug 11
Last Checked: Aug 10 at 12:25PM
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 Modern Spaces NJ
Investment Insights
Based on property information with market context.
This offering presents a rare opportunity to acquire a 17-unit multifamily portfolio, comprising two historic masonry buildings located in the heart of Historic Downtown Jersey City at 38 and 92 Wayne Street. Offered as a single portfolio, the property is situated in a supply-constrained and high-demand rental submarket. The asset provides immediate in-place cash flow with clear upside potential through targeted unit renovations and optimization of underutilized space. This portfolio appeals to both long-term holders and value-add investors. The portfolio is currently stabilized with meaningful upside potential through a defined capital improvement program. Pro forma rents reflect strong market demand for renovated units in Historic Downtown Jersey City, supported by proximity to Manhattan and limited new supply.
Key Highlights
- 17‑unit multifamily portfolio in Historic Downtown Jersey City.
- Rare opportunity in a supply‑constrained, high‑demand rental submarket.
- Immediate in‑place cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 07302, NJ
57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 17-unit multifamily portfolio in Historic Downtown Jersey City.
Where is this apartment building located?
The property is located at 38 Wayne St Jersey City, NJ.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 17‑unit multifamily portfolio in Historic Downtown Jersey City.; Rare opportunity in a supply‑constrained, high‑demand rental submarket.; Immediate in‑place cash flow.
