132 TERRACE AVE, Jersey City, NJ 07307

Jersey City
Local realty services provided by:Better Homes and Gardens Real Estate Elite
132 TERRACE AVE,Jc, Heights, NJ 07307
$799,000
  • 7 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Oct 10
    02:00 pm - 04:00 pm
Listed by: sanjeev prabhakar, joshua alexander ramos
Office: coldwell banker realty201-963-1400
MLS#:260019934
Source:NJ_HCMLS

Price summary

  • Price:$799,000

About this home

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.

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Home facts

  • Listing ID #:260019934
  • Added:5 day(s) ago
  • Updated:October 08, 2026 at 11:26 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Full bathrooms:3
  • Half bathrooms:2

Heating and cooling

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

Structure and exterior

  • Architectural Style:Colonial
  • Construction Materials:Brick

Finances and disclosures

  • Price:$799,000
  • Tax amount:$11,777
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