77 Giles Ave
Listing Notes
Situated in the heart of the thriving Journal Square district, this property presents a premier investment opportunity within a 2,744-square-foot, three-family residence. This well-maintained property is uniquely positioned for a value-add strategy, offering three spacious units-each featuring one bedroom and one bathroom. A standout feature for any landlord is the full separation of utilities; gas, electricity, and water are all individually metered, significantly minimizing owner expenses. The building's current status is ideal for immediate cash flow or owner-occupancy, with two units currently occupied and one vacant unit ready for modernization. While the interiors have been meticulously cared for, they remain in their classic condition, providing a blank canvas for an investor to renovate and capture top-of-market rents. This property allows you to capitalize on the neighborhood's rapid appreciation while enjoying the stability of a turn-key layout with long-term upside potential. The location is a commuter's dream, located just blocks from the Journal Square Transportation Center with 24/7 PATH service to Manhattan and Jersey City's waterfront. Residents benefit from being a few blocks away from the cultural hub of Bergen Avenue, the historic Loew's Jersey Theatre, and the expansive 270-acre Lincoln Park. As the Journal Square skyline continues to transform with world-class developments, assets like 77 Giles Avenue offer a rare combination of residential neighborhood charm and metropolitan convenience, making it a cornerstone for any real estate portfolio.
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $449,000 to $999,999.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 81 Romaine Ave Apt 2 | $449,000 | 3 bd · 1 ba |
| 41-47 Broadway Apt 103 | $468,000 | 2 bd · 2 ba |
| 50 Dey St Apt 334 | $499,000 | 1 bd · 1 ba |
| 50 Dey St Apt 430 | $499,999 | 1 bd · 1 ba |
| 50 Dey St Apt 456 | $515,000 | 1 bd · 1 ba |
| 50 Dey St Apt 225 | $520,000 | Studio |
| 75 Liberty Ave Unit C4 | $535,000 | 2 bd · 2 ba |
| 134 Broadway | $549,999 | 2 bd · 2 ba |
| 138 Broadway | $569,000 | 3 bd · 2 ba |
| 2787 John F Kennedy Blvd Apt 411 | $599,000 | 3 bd · 2 ba |
| 50 Dey St Apt 224 | $625,000 | 2 bd · 2 ba |
| 50 Dey St Apt 663 | $679,000 | 2 bd · 2 ba |
| 77 Wallis Ave | $699,000 | 5 bd · 3 ba |
| 936 Pavonia Ave Unit 4A | $739,000 | 2 bd · 2 ba |
| 50 Dey St Apt 259 | $749,000 | 2 bd · 2 ba |
| 29 Weldon St Unit 2 | $750,000 | 3 bd · 2 ba |
| 6 Corbin Ave | $775,000 | 3 bd · 3 ba |
| 127 Logan Ave | $799,000 | 4 bd · 2 ba |
| 9 Emerson Ave | $825,000 | 5 bd · 4 ba |
| 12 Wright Ave | $829,000 | 6 bd · 2 ba |
| 52 Logan Ave | $850,000 | 4 bd · 2 ba |
| 30 Logan Ave | $879,000 | 6 bd · 3 ba |
| 152 Van Winkle Ave Unit 2 | $975,000 | 3 bd · 2 ba |
| 12 Van Wagenen Ave | $999,999 | 8 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more