132 Terrace Ave
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%. With light cosmetic upgrades even that could be improved upon.
Listing Information
Facts & Features
Location
Community Information
Architecture
Features & Amenities
Tax & Financial Information
Schools
Anthony J. Infante School
Jersey City Global Charter School
Christa McAuliffe School
Veterans' Memorial Elementary School
Patricia M. Noonan School PS #26
John F Kennedy Elementary School
Jersey City Golden Door Charter School
Nicolaus Copernicus School
School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.
Historical Data
Price History
| Date | Event | Price |
|---|---|---|
| 10/02/2026 | Listed for sale | $799,000 |
Listed by SANJEEV R PRABHAKAR · COLDWELL BANKER REALTY · 2019631400
The data relating to real estate for sale or rent on this website comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Fox & Roach, REALTORS are marked with the HCIDX mark and the information about them includes the name of the listing broker. 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. Information deemed reliable but not guaranteed. Copyright © 2026 HCMLS. All Rights Reserved.
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