114 Neptune Avenue, Jersey City, NJ 07305
Local realty services provided by:ERA Queen City Realty
114 Neptune Avenue,Jersey City, NJ 07305
$1,350,000
- - Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jill biggs
Office: coldwell banker, hoboken
MLS#:25044208
Source:NJ_MLS
Price summary
- Price:$1,350,000
About this home
Presenting 114 Neptune Avenue, a substantial 6-unit multifamily investment opportunity located in the dynamic Greenville section of Jersey City. Built in 1920 and sitting on a large 31x133 lot, this 4,908 square foot property combines historic charm with solid investment fundamentals, offering 6.5% Cap Rate. The building comprises six large apartments, typically featuring flexible railroad-style layouts that can function as spacious 2-bedroom or efficient 3-bedroom units. These "bright and airy" units have a history of strong occupancy due to their size and affordability relative to Downtown Jersey City. Recent improvements in select units ensure competitive rental rates while leaving room for future value-add cosmetic renovations to push the rent roll even higher. Ideally situated for commuters and students, the property boasts a "Very Walkable" Walk Score of 82. It is located just minutes from New Jersey City University (NJCU), making it a prime location for student housing or faculty rentals. For NYC commuters, the NJ Transit #81 and #6 buses stop just around the corner, connecting directly to the PATH and Exchange Place. The Hudson-Bergen Light Rail (Danforth Ave Station) is also easily accessible.
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Home facts
- Listing ID #:25044208
- Added:8 day(s) ago
- Updated:January 08, 2026 at 05:23 PM
Rooms and interior
- Total bathrooms:6
- Full bathrooms:6
Finances and disclosures
- Price:$1,350,000
- Tax amount:$14,147
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