Hoboken, NJ 07030 · Investment · For Sale · MLS 260019324
718 Washington St
$2,075,000
Investment
Use
4
Units
0
Parking spaces
4
Days Listed
About this property
718 Washington Street presents a rare, fully occupied mixed-use investment opportunity positioned directly on Hoboken's premier retail and residential corridor. The property pairs a ground-floor retail storefront with three residential apartments, generating $126,912 in current annual gross income against documented operating expenses for a net operating income of $95,826 and a 4.62% cap rate at the $2,075,000 asking price. Income stability is a defining feature here: the commercial tenant is locked into a lease with contractual $75/year rent escalations running through 2036, while all three rent-stabilized residential units carry leases through mid-2027, offering a durable, predictable revenue stream with built-in upside. The building shows exceptionally well, with the common areas recently refreshed top to bottom—new paint, new lighting, and a new runner throughout the hallways—reducing near-term capital needs for a new owner. Operationally, it's turnkey, with separate electric meters for each unit and a dedicated water meter and water heater serving the commercial space, simplifying management and expense allocation. Situated on Washington Street—Hoboken's walkable, high-traffic Main Street lined with shops, restaurants, and steady foot traffic, and just minutes from the PATH, ferry, and NJ Transit connections into Manhattan—this asset combines a trophy location, in-place in
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationHoboken, NJ 07030
MLS #260019324
Space
Units4
Stories4
ConstructionWood Frame
Building systems
SprinklersNone
Site & exposure
Parking spaces0
Investment
Annual taxes$19,881
Est. gross income$126,912
Est. operating expense$31,086
Mixed useYes
Rent controlYes
Zoning & permitted use
Zoning and permitted-use codes are not published in the MLS IDX feed, so this page does not state one. Before you sign a lease or a contract, permitted use has to be confirmed with the Hoboken zoning office. Andrew Diaz can pull the full broker file and work that question through with you.
Location
Questions about this property
What is the asking price for 718 Washington St?
The asking price is $2,075,000.
What is 718 Washington St zoned for?
Zoning is not published in the MLS IDX feed, so this page does not state one. The listing describes the property as Investment, but permitted use must be confirmed with the Hoboken zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 718 Washington St?
Call or text Andrew Diaz at (551) 235-3473. He can arrange a walkthrough, pull the full broker file, and represent you through the purchase.
