Jersey City, NJ 07306 · Investment · For Sale · MLS 260011234
266 Duncan Ave
$899,900
Investment
Use
4
Units
6
Days Listed
About this property
Prime Journal Square Mixed-Use Investment Opportunity Exceptional mixed-use investment property located in the highly sought-after Journal Square section of Jersey City, directly across from Lincoln Park, offering strong in-place cash flow with significant upside potential. This income-producing asset features two commercial spaces and two residential apartments, making it an ideal addition to any investor's portfolio. The commercial component consists of a well-established deli/superhero retail store generating $1,575 per month plus 40% of the building's water expense, along with a separate garage/office space leased to a contractor for $1,500 per month. The contractor's space includes a full bathroom, creating flexibility for a variety of commercial uses. The residential portion includes two spacious 3-bedroom, 1-bath apartments, currently rented at $1,600 and $1,575 per month, respectively. Both units offer substantial upside with projected market rents of approximately $2,500 per month each, providing investors with an excellent value-add opportunity. Additional highlights include a walkout basement, recently replaced separate utility systems, and a desirable location near parks, transportation, shopping, restaurants, and major commuter routes. Situated directly across from Lincoln Park and minutes from Journal Square PATH, this property benefits from strong tenant deman
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07306
MLS #260011234
Space
Units4
Stories3
Investment
Annual taxes$11,873
Est. gross income$74,000
Est. operating expense$3,900
Mixed useYes
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 Jersey City 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 266 Duncan Ave?
The asking price is $899,900.
What is 266 Duncan Ave 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 Jersey City zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 266 Duncan Ave?
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.
