Mixed-Use Building with
For Sale
$899,900
718 W Side Avenue, Jersey City, NJ 07306
Multi-Family, Jersey City, NJ
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$204.52
Days on Market137
Property Features for 718 W Side Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 2, Basement, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3
Basement
Full, Walk-Out Access
Directions
718 W Side Ave, Jersey City, NJ 07306
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
Amenities
walkout basement
central air conditioning
rear yard access
natural gas heat
hot water baseboard heating
Building Details
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Central · RE/MAX International
(732) 972-1000
Listed By:
George Pavlushkin · License #1324942
(732) 984-8300
Added: Jun 3
Changed: Oct 17
Last Checked: Oct 17 at 10:06AM
MLS# 22616448
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.
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Investment Insights
Based on property information with market context.
This 4,400-square-foot mixed-use building contains three units: an approximately 1,100-square-foot street-level retail space and two three-bedroom, one-bath residential apartments. The storefront includes a 9-foot drop ceiling, central air conditioning, 1.5 bathrooms, and access to the rear yard. Both apartments are occupied under month-to-month leases. A large walkout basement adds substantial ancillary space.
The property has separate gas, electric, and water meters, with public water and sewer service. Building systems include natural gas heat, hot-water baseboard heating, separate heating systems, updated furnaces, replaced hot water heaters, and new 3-phase electrical panels. The roof is maintained. Located at 718 W Side Avenue in Jersey City, the property is near shopping, restaurants, transportation, and major commuter routes.
The property has separate gas, electric, and water meters, with public water and sewer service. Building systems include natural gas heat, hot-water baseboard heating, separate heating systems, updated furnaces, replaced hot water heaters, and new 3-phase electrical panels. The roof is maintained. Located at 718 W Side Avenue in Jersey City, the property is near shopping, restaurants, transportation, and major commuter routes.
Key Highlights
- Three‑unit mixed‑use building with 1 retail space and 2 residential apartments
- 4,400 square feet on a 0.05‑acre lot
- Approximately 1,100‑square‑foot street‑level retail space with 9‑foot drop ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,412
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,240
$1.5M
Cap Rate 7%
$1,048,743
$1.0M
Cap Rate 9%
$815,689
$815.7K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$129.4K $29.40/SF
− Vacancy
−$11.9K −$2.70/SF
EGI
$117.5K $26.70/SF
− OpEx
−$44.0K −$10.01/SF
NOI
$73.4K $16.68/SF
Area
Jersey City, NJ
Vacancy
9.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,240
Cap Rate 7%
$1,048,743
Cap Rate 9%
$815,689
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,573 @ 7.0% cap · market cap 9.95%
Second Best
Mixed Use
$1.05M
$917.7K – $1.22M
NOI $73,412 @ 7.0% cap · market cap 8.16%
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,859 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,797
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit property combines a street-facing commercial space with two occupied residential apartments and separately metered utilities.
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: Three‑unit mixed‑use building with 1 retail space and 2 residential apartments; 4,400 square feet on a 0.05‑acre lot; Approximately 1,100‑square‑foot street‑level retail space with 9‑foot drop ceiling
