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1017 WEST SIDE AVE, Jersey City, NJ 07306

Local realty services provided by:CENTURY 21 Preferred Realty, Inc.
1017 WEST SIDE AVE,Jc, Journal Square, NJ 07306
$895,000
  • 2 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: frederic gabriel
Office: the virtual realty group
MLS#:260000332
Source:NJ_HCMLS

Price summary

  • Price:$895,000

About this home

Investment property. 100% leased/occupied. 1017 West Side Avenue is a mixed-use building located in the Marion section of Journal Square, Jersey City, NJ. First floor: Commercial space occupied by the Jersey City Public Library. The library has been the tenant for many years. Long-term lease in place with a 4% annual rent increase ending May 2028. Tenant responsible for maintenance cost. Second floor: Residential unit consisting of 2 bedrooms, 1 bathroom, and a large private deck. Yearly lease. Tenants pay all utilities except water. Commercial space: 952 SF + large private garden of approximately 780 SF Residential apartment: 1,385 SF total (including finished basement) + outdoor deck of approximately 430 SF. Recent capital improvements: •New multi-zone split HVAC system for commercial space (2019) •New main copper water line with street shutoff valve (2021) •New silicone roof (2022) •Lead-safe certification passed (2024) Net Operating Income: $60,689 Cap Rate: 6.78% Before showings,

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Home facts

  • Listing ID #:260000332
  • Added:1 day(s) ago
  • Updated:January 11, 2026 at 09:55 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1

Heating and cooling

  • Cooling:A/C Central, A/C Window, Electric, Gas, Steam
  • Heating:Baseboard, Electric, Gas, Radiators, Steam

Finances and disclosures

  • Price:$895,000
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