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7 Beds
5 Baths

$799,000

132 TERRACE AVE, JC, Heights NJ, 07307

Property typeMulti-family

Overview

Active

Listed Oct 2, 2026

Updated 7h ago

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.

$5,316/mo

Est. mortgage payment based on a $799,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
260019934

Interior Features

Bedrooms
7
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
No
MLS provider logo

Courtesy of COLDWELL BANKER REALTY with SANJEEV PRABHAKAR, JOSHUA ALEXANDER RAMOS
Listing Contact: 201-963-1400 

The IDX display contains information sourced from the Realty Multiple Listing System, Inc. as of 10/4/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/4/2026 at 6:23 AM UTC

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