The Costanza Read · how this price compares
$799,000
median ask for comparable multi-family homes in Jersey City is $975,000 · based on 210 active listings
At $799,000, this home is priced ~18% below the median for its class. On the numbers, it's priced to move.
Want the recent sold comps on this exact block too? Ask Andrew →
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%.
The details
Property Type2-Family
StatusActive · listed today
List Price$799,000
Bathrooms5
LocationJersey City, NJ 07307
MLS #260019934
Estimate the monthly payment
—est. / month · principal & interest
Estimate only — property taxes, insurance, and any HOA are extra. Get a real pre-approval →
Living on Terrace Ave
132 Terrace Ave sits on Terrace Ave in Jersey City. Journal Square, Downtown and the Heights each have their own distinct character. It's within reach of the PATH and the Hudson-Bergen Light Rail, putting Lower Manhattan and the Jersey City waterfront minutes away. The Holland Tunnel, Route 440 and the NJ Turnpike Extension keep the rest of the region close.
As a 2-family in Jersey City, it's the kind of turnkey listing buyers watch for — and in this market, homes like this tend to move on the first weekend. If it fits what you're after, the smart move is to see it early.
132 Terrace Ave, Jersey City
Good to know
Is 132 Terrace Ave still available?
Yes — it's active on the Hudson County MLS (listed today) at $799,000. Text Andrew Diaz at (551) 235-3473 to confirm and book a showing.
How many bedrooms and bathrooms does 132 Terrace Ave have?
It offers 5 bathrooms.
How do I see 132 Terrace Ave in person?
Tap “Request a tour,” drop your name and number, and Andrew Diaz will text you back within minutes with showing times — including this weekend.
