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$799,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • Updated 17 hours ago
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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.

Full Property Details for 132 Terrace Ave

General

  • Price: $799,000
  • Taxes: $11,777 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Liberty_Board_Hudson_County_Hudson_MLS
  • MLS ID: 260019934
  • Updated: 10/2/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Level 3 - Full Baths: 1
  • Level 3 - 1/2 Baths: 1
  • Level 2 - Full Baths: 1
  • Level 2 - 1/2 Baths: 1
  • Level 1 - Full Baths: 1

Bedrooms

  • Total Bedrooms: 7
  • Bedrooms-L3: 3
  • Bedrooms-L2: 3
  • Bedrooms-L1: 1

Other Rooms

  • Living Rooms: 3
  • Living Room-L3: 1
  • Living Room-L2: 1
  • Living Room-L1: 1
  • Kitchens: 3
  • Kitchens-L3: 1
  • Kitchens-L2: 1
  • Kitchens-L1: 1

Parking

  • Parking Features: Other-See Remarks
  • Garage Description: Other-See Remarks

Location

  • County: Hudson
  • Driving Directions: Lincoln and Thorne Sts

Heating & Cooling

  • Cooling Type: A/C Window
  • Heating Type: Baseboard, Electric, Gas
  • Heating/Cooling: A/C Window, Baseboard, Electric, Gas

Structural Information

  • Architectural Style: Colonial
  • Exterior Const.: Brick

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $11,777
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: All personal property.
  • Lead Paint Discl.: Yes
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 132 Terrace Ave —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 132 Terrace Ave

School District:Jersey City School District
NameGradesDistance
Nicolas Copernicus No. 25 Elementary School
3385 John F. Kennedy Boulevard, Jersey City, NJ 07307
PK-50.2 mi
Franklin L Williams Ms No7
222 Laidlaw Avenue, Jersey City, NJ 07306
6-80.7 mi
William L. Dickinson High School
2 Palisade Avenue, Jersey City, NJ 07306
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 132 Terrace Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/02/2026
Listed
$799,000
14.14%
MLS
9/06/2023
Sold
$700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 132 Terrace Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,778
38%
$504,400
25%
2022
$8,533
32%
$402,900
—
2021
$6,463
32%
$402,900
—
2021
$4,885
-21%
$402,900
—
2019
$6,205
279%
$402,900
266%
2018
$1,637
-81%
$110,000
—
2017
$8,580
1%
$110,000
—
2016
$8,471
3%
$110,000
—
2015
$8,230
—
$110,000
—
2013
$8,213
—
$110,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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132 Terrace Ave, Jersey City, NJ 07307 (MLS# 260019934) is a Multi-Family property with units containing 7 bedrooms, 3 full bathrooms and 2 partial bathrooms. 132 Terrace Ave is currently listed for $799,000 and was received on October 02, 2026. This property is listed by Sanjeev Prabhakar from our Jersey City Office.Want to learn more about 132 Terrace Ave? Do you have questions about finding other Multi-Family real estate for sale in Heights? You can browse all Heights real estate or contact a Coldwell Banker agent to request more information.

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