2-Unit Multifamily Home with
For Sale
Contact for pricing
69 Hopkins Avenue, Jersey City, NJ 07306
Multifamily property with upgraded interiors, finished lower-level space, and substantial private parking.
Property Size3,268 SF
Price / SF$366.89
Days on Market152
Property Features for 69 Hopkins Avenue
General Information
Standard status
Active
Size
3,268 SF
Property subtype
Multifamily
Building Details
Year Built
1965
Units
5
Listing Agency:
eRealty Advisors Inc
Listed By:
Dharminder Singh · License #NJ and 1863110
Source:
Crexi
Added: May 21
Changed: Oct 4
Last Checked: Oct 19 at 5:59AM
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 eRealty Advisors Inc
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Investment Insights
Based on property information with market context.
This 3,268-square-foot multifamily property, built in 1965, includes two residential units plus a finished ground-level area that can serve as recreation, storage, or additional living space. The first unit contains 2 bedrooms and 2 full bathrooms. The second offers 3 bedrooms and 1.5 bathrooms, along with quartz kitchen countertops, newer GE appliances, hardwood floors, and other contemporary updates.
Parking is a notable component of the property, with an oversized garage for 2 vehicles and a driveway accommodating 3 additional cars. An EV charger hookup is also included. The property is a 15-minute walk from Journal Square PATH, with access to dining and shopping along Central Avenue and Palisade Avenue. Downtown Jersey City, Hoboken, area parks and schools, and the Holland Tunnel are also nearby.
Parking is a notable component of the property, with an oversized garage for 2 vehicles and a driveway accommodating 3 additional cars. An EV charger hookup is also included. The property is a 15-minute walk from Journal Square PATH, with access to dining and shopping along Central Avenue and Palisade Avenue. Downtown Jersey City, Hoboken, area parks and schools, and the Holland Tunnel are also nearby.
Key Highlights
- 3,268 SF multifamily property built in 1965
- Two units: 2 bedrooms/2 full bathrooms and 3 bedrooms/1.5 bathrooms
- Finished ground level for recreation, storage, or extended living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,168
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,360
$1.5M
Cap Rate 7%
$1,059,543
$1.1M
Cap Rate 9%
$824,089
$824.1K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$111.8K $34.20/SF
− Vacancy
−$5.8K −$1.78/SF
EGI
$106.0K $32.42/SF
− OpEx
−$31.8K −$9.73/SF
NOI
$74.2K $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%
$1,483,360
Cap Rate 7%
$1,059,543
Cap Rate 9%
$824,089
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.1K – $1.24M
NOI $74,168 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$950.4K
$831.6K – $1.11M
NOI $66,529 @ 7.0% cap · market cap 5.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
4,508
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property with upgraded interiors, finished lower-level space, and substantial private parking.
Where is this duplex located?
The property is located at 69 Hopkins Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 3,268 SF multifamily property built in 1965; Two units: 2 bedrooms/2 full bathrooms and 3 bedrooms/1.5 bathrooms; Finished ground level for recreation, storage, or extended living
