Mixed-Use Investment with
718 W Side Avenue Jersey City, NJ 07306
718 W Side Avenue, Jersey City, NJ, 07306
$899,900
For Sale
$899,900
MULTI_FAMILY - Jersey City, NJ
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$204.52
Days on Market46
Property Features for 718 W Side Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Basement, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Basement
- Walk-Out Access, Full
- Standard status
- Active
- APN
- 06-16401-0000-00070
- Size
- 4,400 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13356
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Floors in Building
- 3
- Number of units
- 3
Listing Agency
RE/MAX Central
(732) 972-1000
520 HWY 9 N, Manalapan, NJ
Listed by
George Pavlushkin · License #1324942
(732) 972-1000
Added: Jun 3 Checked: Jul 18 at 10:06 am
MLS# 22616448
Listing URL
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.
This mixed-use investment features one street-level retail space and two residential apartments within a single building. The retail unit has approximately 1,100 square feet, 1.5 bathrooms, central air conditioning, and a 9-foot drop ceiling, with storefront access and rear yard access. The building also includes a huge walkout basement and separate heating systems, with natural gas heat and hot water baseboard heating. Updates include a maintained roof, replaced hot water heaters, updated furnaces, and brand-new 3-phase electrical panels.
The residential component consists of two 3-bedroom, 1-bath condos, both currently occupied on month-to-month leases. Separate gas, electric, and water meters support individual utility responsibility, with the landlord currently covering water and sewer expenses and the retail tenant responsible for 40% of water and sewer charges. The property previously operated as a juice bar and is noted as approved for a retail location, with buyers encouraged to conduct their own due diligence on zoning and permitted uses.
For investors or owner-users, the mix of retail frontage and income-producing residential units supports both current revenue and value-add opportunities. With tenants in place and noted rental upside, this is positioned as a cash-flowing mixed-use asset suitable for those seeking long-term growth in a commuter-oriented Jersey City setting.
The residential component consists of two 3-bedroom, 1-bath condos, both currently occupied on month-to-month leases. Separate gas, electric, and water meters support individual utility responsibility, with the landlord currently covering water and sewer expenses and the retail tenant responsible for 40% of water and sewer charges. The property previously operated as a juice bar and is noted as approved for a retail location, with buyers encouraged to conduct their own due diligence on zoning and permitted uses.
For investors or owner-users, the mix of retail frontage and income-producing residential units supports both current revenue and value-add opportunities. With tenants in place and noted rental upside, this is positioned as a cash-flowing mixed-use asset suitable for those seeking long-term growth in a commuter-oriented Jersey City setting.
Key Highlights
- Mixed‑use building with 1 retail unit and 2 residential apartments (two 3‑bedroom, 1‑bath condos).
- Retail storefront is approximately 1,100 SF, with 1.5 bathrooms and storefront/rear yard access; previously operated as a juice bar.
- Two residential apartments are currently occupied on month‑to‑month leases; separate heating systems.
Local Financial Insights For Mixed Use
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 | $129.4k | $29.40 |
| − Vacancy | −$11.9k | −$2.70 |
| EGI | $117.5k | $26.70 |
| − OpEx | −$44.0k | −$10.01 |
| NOI | $73.4k | $16.68 |
4,400 SF · lease $29.40/SF/yr · vacancy 9.20% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,859 @ 7.0% cap · market cap 11.10%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,573 @ 7.0% cap · market cap 9.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
West Side Grocery ...
Grocery & Convenience Store
Delish Juice Bar
Specialty Food Shop
Jithey Mie Vairy ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-unit mixed-use property combines street-level retail with two occupied apartments for immediate cash flow potential.
Where is this mixed-use property located?
The property is located at 718 W Side Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Mixed‑use building with 1 retail unit and 2 residential apartments (two 3‑bedroom, 1‑bath condos).; Retail storefront is approximately 1,100 SF, with 1.5 bathrooms and storefront/rear yard access; previously operated as a juice bar.; Two residential apartments are currently occupied on month‑to‑month leases; separate heating systems.
