243 Duncan Ave Jersey City, NJ 07306
This exceptional investment opportunity presents a three-story, six-unit apartment building situated in the vibrant Journal Square neighborhood of Jersey City, New Jersey. Located at 243 Duncan Ave, 07306, this Class B multifamily property boasts a substantial 31 x 140 lot. The building comprises six two-bedroom apartments, each in a "box-style" configuration. A single gas furnace efficiently heats the building via six independent heating zones. Currently, the property enjoys a strong rent roll, with only one unit currently vacant. Its excellent condition and low maintenance requirements contribute to its appeal as a stable and profitable investment. The property's proximity to the PATH train offers convenient access to New York City, further enhancing its desirability and potential for rental income. This value-add opportunity presents a chance to capitalize on the thriving Jersey City real estate market and secure a strong return on investment. The asking price for this attractive multifamily property is $1,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.