1017 West Side Avenue

Jersey City NJ 07306

Duplex

Last sold for $850,000

FREDERIC GABRIEL, last sold this property on 16 April 2026 after 94 days on market.

Overview

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, proof of funds/letter of intent needed. Allow at least 48h prior any showings.

Features

2 bedrooms

1 bathroom

Duplex

Estimated Value

We need at least 3 similar 2 bedroom duplexes sold in Jersey City over the last 12 months.

Property history for 1017 West Side Avenue

2026

Sold

$850,000

16 Apr 2026 by FREDERIC GABRIEL, of The Virtual Realty Group

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