Renovated Mixed-Use
For Sale
Contact for pricing
541 Newark Ave, Jersey City, NJ 07306
Combines a commercial storefront with four apartments and an additional single-family residence.
Property SizeContact for details
Days on Market489
Property Features for 541 Newark Ave
General Information
Standard status
Active
Property subtype
Mixed Use, Multifamily
Investment Type
Value Add
Net Operating Income
$118,079
Building Details
Buildings
2
Stories
3
Units
6
Listing Agency:
Prominent Properties Sotheby's International Realty
(732) 208-8505
Listed By:
Amar Mody · License #1005004
Source:
Crexi
Added: May 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:10PM
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 Prominent Properties Sotheby's International Realty
Investment Insights
Based on property information with market context.
Located at 541 Newark Ave in Jersey City’s Journal Square, this renovated mixed-use property combines a commercial storefront with residential accommodations. The commercial space is currently used as a bike shop, while the residential component includes four two-bedroom, two-bath apartments and an additional three-bedroom, one-bath single-family unit.
Recent improvements include updated finishes and energy-efficient appliances. The property offers access to public transportation in a high-foot-traffic setting and is not subject to rent control. A projected 6.2% cap rate is provided in the listing information.
Recent improvements include updated finishes and energy-efficient appliances. The property offers access to public transportation in a high-foot-traffic setting and is not subject to rent control. A projected 6.2% cap rate is provided in the listing information.
Key Highlights
- Fully renovated mixed‑use property at 541 Newark Ave, Jersey City, NJ 07306
- Commercial space currently used as a bike shop
- Four apartments, each with 2 bedrooms and 2 bathrooms
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,684
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a commercial storefront with four apartments and an additional single-family residence.
Where is this mixed-use property located?
The property is located at 541 Newark Ave Jersey City, NJ.
What are key features of this property?
This property features: Fully renovated mixed‑use property at 541 Newark Ave, Jersey City, NJ 07306; Commercial space currently used as a bike shop; Four apartments, each with 2 bedrooms and 2 bathrooms
