132 Terrace Ave
Jersey City, NJ 07307
7
Bed
3.5
Bath
Turnkey triplex with value add opportunities. Live in one unit and rent the other to subsidize the expenses, or lease everything as a pure investment cash cow. The building has two updated 3-bed, 2-bath units over a finished 1-bed, 1-bath in law suite, so it appeals to a wide range of tenants. Outside, you'll find a sunny private yard with a gazebo and a terrace made perfect for morning coffee. This property has a strong rental history as of this past summer. With each floor occupied, the total rent collected was 6,600 per month. With lower taxes and less owner expenses, that cap rate was approximately 8%. With light cosmetic upgrades even that could be improved upon.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 7Bathroom Information
Full Baths: 3 Half Baths: 2 -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Electric, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Construction Materials: Brick Private Pool: No
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Listing Price Information
Listing Price: $799000
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Tax Information
Tax Lot: 9 Tax Year: 2025 Annual Tax: $11777
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 354 Paterson Plank Rd, Jersey City, NJ, 07307 | $999,000 | 4 | 2 | -- | -- |
| 205 Ogden Ave, Jersey City, NJ, 07307 | $1,200,000 | 4 | 3 | -- | -- |
| 181 Webster Ave, Jersey City, NJ, 07307 | $1,999,000 | 8 | 5 | -- | -- |
| 203 Hancock Ave, Jersey City, NJ, 07307 | $1,200,000 | 5 | 3 | -- | -- |
| 486 Central Ave, Jersey City, NJ, 07307 | $1,600,000 | -- | -- | -- | -- |
| 94 Hancock Ave, Jersey City, NJ, 07307 | $949,000 | 6 | 3 | -- | -- |
| 92 Hancock Ave, Jersey City, NJ, 07307 | $929,000 | 4 | 3 | -- | -- |
| 46 Grace Street, Jersey City, NJ, 07307 | $1,050,000 | -- | 2 | 2,849 | 0.06 Acre |
| 26 Irving St, Jersey City, NJ, 07307 | $1,599,000 | 8 | 5 | -- | -- |
| 37 Poplar St, Jersey City, NJ, 07307 | $1,299,999 | 8 | 6 | -- | -- |
Similar Multifamily To 132 Terrace Ave
Nearby For Sale
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ByOwner last updated this listing 10/07/2026 @ 08:29
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