2-Unit Duplex with
New
For Sale
$800,000
53 Van Reypen Street, Jersey City, NJ 07306
Multi-Family, Jersey City, NJ
Property Size2,592 SF
Lot Size0.06 Acres
Price / SF$308.64
Days on Market3
Property Features for 53 Van Reypen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Parking
2
Parking features
On Street
Patio and Porch features
Patio
Fencing
Fenced
Basement
Full
Directions
Sip Ave, to Tonnelle , right onto Van Reypen, home on right
Standard status
Active
APN
06-12101-0000-00040
Size
2,592 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12973
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Zoned
Water source
Public
Amenities
private balcony
full basement
backyard
shared laundry & storage
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Wood
Roof type
Wood, Shingle
Listing Agency:
Keller Williams City Life · Keller Williams Realty
(201) 659-8600
Listed By:
Jose Sanchez · License #1536927
(732) 416-4688
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 8:06AM
MLS# 22631802
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this 2,592-square-foot duplex contains two residences. The first-floor home has two bedrooms, a full bathroom, and a combined living and dining area. Upstairs, a three-bedroom unit includes a full bathroom, kitchen, separate living and dining rooms, and a private balcony. A full basement provides shared laundry and storage space.
The 0.06-acre property also includes a fenced backyard and patio. Journal Square PATH is a few blocks away, and the Holland Tunnel is minutes from the property. Parks, shopping, and local services are nearby.
The 0.06-acre property also includes a fenced backyard and patio. Journal Square PATH is a few blocks away, and the Holland Tunnel is minutes from the property. Parks, shopping, and local services are nearby.
Key Highlights
- Two residences with a total of five bedrooms
- 2,592‑square‑foot building constructed in 1910
- 0.06‑acre lot with fenced backyard and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,826
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,520
$1.2M
Cap Rate 7%
$840,371
$840.4K
Cap Rate 9%
$653,622
$653.6K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$88.6K $34.20/SF
− Vacancy
−$4.6K −$1.78/SF
EGI
$84.0K $32.42/SF
− OpEx
−$25.2K −$9.73/SF
NOI
$58.8K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,520
Cap Rate 7%
$840,371
Cap Rate 9%
$653,622
Alternative Uses
Best Use
Multifamily LT 5
$840.4K
$735.3K – $980.4K
NOI $58,826 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$753.8K
$659.6K – $879.5K
NOI $52,767 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,849
Businesses Nearby
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate two- and three-bedroom residences are complemented by basement storage and outdoor space.
Where is this duplex located?
The property is located at 53 Van Reypen Street Jersey City, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two residences with a total of five bedrooms; 2,592‑square‑foot building constructed in 1910; 0.06‑acre lot with fenced backyard and patio
