For Sale
$1,788,888

397 Baldwin AveJersey City, NJ 07306

Five-unit apartment building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a five-unit apartment building located at 397 Baldwin Ave, Jersey City, NJ 07306. The property, identified by APN 0906_6807_13, is a three-story, Class C building constructed in 1900. The building comprises a diverse mix of units, including one three-bedroom unit, one two-bedroom unit, two one-bedroom units, and one studio apartment. Each unit features a living room, bathroom, and kitchen. Priced at $1,788,888 ($357,777.60 per unit), this property offers significant potential for value appreciation. Its convenient location, just minutes from the Journal Square PATH Station, provides easy access to New York City, enhancing its appeal to tenants. The property's current condition presents an opportunity for renovation and improvement, allowing for increased rental income. Alternatively, the building could be converted into condominiums for resale. This is an ideal investment for those seeking a multifamily property in a desirable Jersey City location with potential for substantial returns. The property is privately owned.

Highlights

  • $1,788,888 asking price for a 5-unit apartment building.
  • Multifamily property, Class C, with 5 units.
  • Three-story building constructed in 1900, located at 397 Baldwin Ave, Jersey City, NJ 07306.
  • Unit mix includes one 3-bedroom, one 2-bedroom, two 1-bedroom, and one studio apartment.
  • Excellent investment opportunity near Journal Square PATH Station, offering easy access to NYC.

Property Details for 397 Baldwin Ave

Property type
Apartment buildings
Class
C
Year Built
1900
Buildings
1
Stories
3
Units
5

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7344392
Longitude
-74.0538157
397 Baldwin Ave, Jersey City, New Jersey

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397 Baldwin Ave
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