243 Duncan AveJersey City, NJ 07306

For Sale
$1,200,000

Prime Journal Square location, strong rent roll, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $1,200,000 asking price.
  • Six-unit multifamily apartment building.
  • Class B property in Jersey City, NJ.
  • Located in the Journal Square neighborhood.
  • Three-story building on a large lot (31 x 140 ft).
  • Currently one vacant unit; strong rent roll.

Property Details for 243 Duncan Ave

Property type
Multifamily properties, Apartment buildings
Class
B
Stories
3
Units
6

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.728177728138
Longitude
-74.079968401115
243 Duncan Ave, Jersey City, New Jersey

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
243 Duncan Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message