Four-Level Duplex with Fenced
832 Grand Street, Jersey City, NJ 07304
For Sale
$999,000
Two residential units offer flexible rental or owner-occupant use with fireplaces, private outdoor space, and transit access.
Property Size2,268 SF
Price / SF$440.48
Days on Market85
Property Features for 832 Grand Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
fireplace
in-unit laundry
rear deck
fenced yard
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX 1st ADVANTAGE
Listed By:
ROBERT DEKANSKI · License #232901
(800) 691-0485
Source:
Actionplusrealty
Added: Aug 17
Changed: Nov 8
Last Checked: Nov 8 at 6:51AM
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 RE/MAX 1st ADVANTAGE
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Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex, built in 1895, is arranged across four finished levels with two separate residential units. The first unit occupies the first and second floors and includes two bedrooms, 1.5 baths, an eat-in kitchen, formal dining room, living room with fireplace, foyer, and in-unit laundry. The upper unit spans the third and fourth floors with two bedrooms, 2.5 baths, an eat-in kitchen, formal dining room, living room, and fireplaces. Both units feature hardwood floors and generous room layouts.
A full unfinished basement provides storage and potential for additional finished area. The property also includes a rear deck and fenced backyard. Located at 832 Grand Street in Jersey City, the home is near bus service, the Light Rail, Arlington Park, shopping, and dining, with NYC skyline views.
A full unfinished basement provides storage and potential for additional finished area. The property also includes a rear deck and fenced backyard. Located at 832 Grand Street in Jersey City, the home is near bus service, the Light Rail, Arlington Park, shopping, and dining, with NYC skyline views.
Key Highlights
- 2,268‑square‑foot duplex built in 1895
- Two units arranged across four finished levels
- Unit 1 includes 2 bedrooms and 1.5 baths; Unit 2 includes 2 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,473
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,460
$1.0M
Cap Rate 7%
$735,329
$735.3K
Cap Rate 9%
$571,922
$571.9K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$77.6K $34.20/SF
− Vacancy
−$4.0K −$1.78/SF
EGI
$73.5K $32.42/SF
− OpEx
−$22.1K −$9.73/SF
NOI
$51.5K $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%
$1,029,460
Cap Rate 7%
$735,329
Cap Rate 9%
$571,922
Alternative Uses
Best Use
Multifamily LT 5
$735.3K
$643.4K – $857.9K
NOI $51,473 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$659.6K
$577.1K – $769.5K
NOI $46,171 @ 7.0% cap · market cap 4.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,564
Businesses Nearby
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Business Placement
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
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Market
Properties on Market for Duplexes in Jersey City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible rental or owner-occupant use with fireplaces, private outdoor space, and transit access.
Where is this duplex located?
The property is located at 832 Grand Street Jersey City, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,268‑square‑foot duplex built in 1895; Two units arranged across four finished levels; Unit 1 includes 2 bedrooms and 1.5 baths; Unit 2 includes 2 bedrooms and 2.5 baths
