NJ
Hudson
Jersey City
07306
718 W Side Avenue
718 W Side Avenue, Jersey City, NJ 07306
Share Listing
Listing Type
Multi Family
Listing Status
Active
47
$899,900

Home Details for 718 W Side Avenue

Price
$899,900
Type
Residential Income
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Lot size acres
0.05
County
Hudson
Basement
Walk-Out Access, Full
MLS Listing#
22616448
Property Description

Mixed-Use Investment Opportunity - Prime Jersey City Location Exceptional value-add mixed-use investment featuring three units consisting of one street-level retail space and two spacious residential apartments. The commercial storefront offers approximately 1,100 square feet, 1.5 bathrooms, excellent street visibility, storefront access, and rear yard access. Previously operated as a juice bar and approved for a RETAIL LOCATION (buyer to perform their own due diligence regarding zoning and permitted uses). The residential component consists of two 3-bedroom, 1-bath condos, both currently occupied on month-to-month leases, providing immediate cash flow with substantial upside potential. Current rents are below market, offering investors a strong opportunity to increase income and maximize returns as a value add proposition. Property features separate gas, electric, and water meters, with landlord currently paying water and sewer expenses. The retail tenant is responsible for 40% of the water and sewer charges. Additional highlights include a huge walkout basement, separate heating systems, natural gas heat, hot water baseboard heating, maintained roof, replaced hot water heaters, updated furnaces, and brand-new 3-phase electrical panels. The retail space also features a 9-foot drop ceiling and central air conditioning. Current monthly income is approximately $5,875/month ($71,000 per year) with a projected pro forma of approximately $7,500/month ($90,000), making this an ideal opportunity for investors seeking both stable income and future growth. Conveniently located near shopping, transportation, restaurants, and major commuter routes. Property Highlights: Mixed-use building with 1 retail and 2 residential units Retail storefront approximately 1,100 SF Two 3-bedroom, 1-bath apartments Separate utilities and meters Natural gas heat Central air in retail space Huge walkout basement Maintained roof and major mechanical updates New 3-phase electrical service Strong value-add rental upside Excellent owner-user or investment opportunity Utilities paid by tenants A rare chance to acquire a cash-flowing mixed-use asset with significant upside in a high-demand location. ALSO, CAN BE PURCHASED AS A PACKAGE DEAL FOR ALL 3 BUILDINGS INCLUDING 266 DUNCAN, 718 W SIDE, AND 722 W SIDE ALL IN JOURNAL SQUARE!

View Virtual Tour
Property Features
  • Basement
    • Walk-Out Access
    • Full
  • Cooling Information
    • Multi Units
  • Heating Information
    • Baseboard
  • Water Features
    • Public
Listing Courtesy: RE/MAX Central - 732-972-1000
Presented by: George Pavlushkin
The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Monmouth/Ocean Multiple Listing Service.
EXIT REALTY EAST COAST SHIRVANIAN
964 Broadway, West Long Branch, NJ 07764
Kim Graham
License #: 0342601
Sales Rep.
Office
732 229 8700
Agent
732 567 4001
Request more details
Code: