Four-Family Corner
497 Avenue A Bayonne, NJ 07002
497 Avenue A, Bayonne, NJ, 07002
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For Sale
Contact for pricing
Quadplex with four 2-bedroom units, partially finished basement, and separate utilities on a corner lot.
Property Size3,600 SF
Price / SF$269.17
Days on Market96
Property Features for 497 Avenue A
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agency
KW Commercial Jersey City
(201) 978-1110
Listed by
Christopher Piechocki · License #0233094
Source
Crexi
Added: Apr 17 Updated: Jul 20 at 10:33PM Checked: Jul 21 at 5:23AM
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 KW Commercial Jersey City
Investment Insights
Based on property information with market context.
This four-family corner property offers four separate units with a consistent layout: two bedrooms and one full bathroom per unit, for a total of 8 bedrooms and 4 bathrooms. The building includes a large partially finished basement that can provide additional usable space beyond standard storage. A multi-level design and separate utilities support independent unit management.
Three of the four units were renovated or updated within the last two years. The property’s corner positioning may allow for additional access options, including the potential for a curb cut and off-street parking, subject to municipal approvals.
Conveniently located in Midtown Bayonne, the property is described as being close to shopping, dining, transportation, and major commuter routes. Please request financial documents from your realtor for additional information.
Three of the four units were renovated or updated within the last two years. The property’s corner positioning may allow for additional access options, including the potential for a curb cut and off-street parking, subject to municipal approvals.
Conveniently located in Midtown Bayonne, the property is described as being close to shopping, dining, transportation, and major commuter routes. Please request financial documents from your realtor for additional information.
Key Highlights
- Four‑family (quadplex) built in 1960 with four 2‑bedroom units and a total of 8 bedrooms and 4 bathrooms
- Three of the four units have been renovated/updated within the last two years
- Partially finished basement offers additional usable space, plus storage potential
Local Financial Insights For Multifamily LT 5
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 | $92.0k | $25.56 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $86.1k | $23.91 |
| − OpEx | −$25.8k | −$7.17 |
| NOI | $60.3k | $16.74 |
3,600 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.7K
$753.1K – $1.00M
NOI $60,250 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$790.9K
$692.0K – $922.7K
NOI $55,361 @ 7.0% cap · market cap 5.71%
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,252 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex with four 2-bedroom units, partially finished basement, and separate utilities on a corner lot.
Where is this quadplex located?
The property is located at 497 Avenue A Bayonne, NJ.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Four‑family (quadplex) built in 1960 with four 2‑bedroom units and a total of 8 bedrooms and 4 bathrooms; Three of the four units have been renovated/updated within the last two years; Partially finished basement offers additional usable space, plus storage potential
