Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Jersey City Multifamily Property Title is generated by Realmo AI

    417 Monmouth St, Jersey City, NJ 07302

    View on Map
    Claim this Listing
    For Sale
    $1,099,777

    Three-unit property in prime location, sold as-is for structural repair.

    Type:Multi Family
    Lot size:
    0.02 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    73
    Last Refresh:
    Mar 19 at 9:15 am

    Property Features for 417 Monmouth St

    General Information

    Standard status
    Active
    Lot size
    0.02 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1905

    We can help!

    Listing Contact
    NEIXA CAPDEVILA

    Listing agent NEIXA CAPDEVILA

    Listing office

    Listing date Mar 24, 2026

    Source Elliman

    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 NEIXA CAPDEVILA

    HighLights

    • Prime Downtown Jersey City location (07302)
    • Three‑family brick property
    • Three 1BR/1BA units
    • Value‑add opportunity for experienced investors/contractors
    • Near transit, parks, and neighborhood amenities
    • Built in 1905

    Overview

    This is a three-family brick property located in downtown Jersey City. The property features three 1-bedroom, 1-bathroom units. Situated in the 07302 area, the location offers proximity to transit options, parks, and various neighborhood amenities. The property requires structural repair to an adjoining party wall and is being sold strictly in as-is condition. Due to safety and liability concerns, interior access is not permitted. This property may be suitable for experienced investors or contractors seeking a value-add opportunity in a prime location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0491551
    Latitude
    40.7241425

    Nearby Similar for Sale

    • $899,900
      4,400 SF

      Mixed-Use Building with Pizzeria

      Fully occupied pizzeria and two residential apartments create immediate income with upside from vacant and below-market units.
      722 W Side Avenue, Jersey City, NJ 07306
      View Details
    • $899,900
      4,400 SF

      Mixed-Use Investment with Retail

      Three-unit mixed-use property combines street-level retail with two occupied apartments for immediate cash flow potential.
      718 W Side Avenue, Jersey City, NJ 07306
      View Details
    • $1,295,000
      1,800 SF

      Spacious Live/Work Loft in Paulus Hook

      1,800 sq ft live/work loft in historic Paulus Hook.
      251 WASHINGTON ST, JC, Downtown, NJ 07302
      View Details
    • $1,500,000
      3,953 SF

      Colonial Two-Family Home on Double Lot

      Spacious 3,953 SF two-family home in historic Journal Square, NJ.
      116 BENTLEY AVE, JC, Journal Square, NJ 07304-1702
      View Details
    • $2,700,000
      1,100 SF

      Jersey City Mixed-Use Portfolio

      Mixed-use portfolio in Journal Square/Lincoln Park section of Jersey City.
      266 Duncan Avenue, Jersey City, NJ 07306
      View Details
    • $1,420,000
      5,032 SF

      Jersey City Multifamily Investment

      Six-unit multifamily property in prime Jersey City location.
      219 Pacific Ave, Jersey City, NJ 07304-3331
      View Details
    • $3,000,000

      Mixed-Use Property Near Courthouse

      Three-story mixed-use property with retail and office space.
      572-574 NEWARK AVE, JC, Journal Square, NJ 07306
      View Details
    • $60,000

      Corner Store Near Pershing Field

      Store near Pershing Field Park suitable for various businesses.
      84 RESERVOIR AVE, JC, Heights, NJ 07307
      View Details
    • $1,488,877

      Two-Family Residential Income Property

      Distinct two-unit layout with multiple levels, rooftop space, and income potential near Light Rail for commuter convenience.
      113 Oak St, Jersey City, NJ 07304
      View Details
    • $1,199,999

      Newly Constructed Multifamily with Parking

      Modern 3-family with income potential, parking, and outdoor space.
      2249 John F Kennedy Blvd, Jersey City, NJ 07304-1428
      View Details
    • $899,900
      4,300 SF

      Mixed-Use Investment Property with Retail

      Mixed-use building with two income-producing commercial spaces and two residential apartments, positioned for strong value-add rent growth.
      Jersey City, NJ 07306
      View Details
    • $3,549,000

      Historic Church Investment Opportunity

      Historic church with redevelopment potential in a rapidly growing area.
      355 FAIRMOUNT AVE, JC, Journal Square, NJ 07306
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property in prime location, sold as-is for structural repair.
    Where is this triplex located?
    The property is located at 417 Monmouth St Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $1,099,777.
    What are key features of this property?
    This property features: Prime Downtown Jersey City location (07302); Three‑family brick property; Three 1BR/1BA units
    (908) 964-5005
    We can help!
    Listing Contact
    NEIXA CAPDEVILA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    417 Monmouth St, Jersey City, NJ 07302-5374
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!