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$749,000

  • For Sale
  • Active
  • Commercial
See This Home
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Unlock the full potential of this Class C Mixed-Use income-generating property in the heart of Jersey City's growing Greenville neighborhood. 32 MLK Jr Drive features: 2 Spacious Residential Units (both 3BR / 1BA) Retail or Office Space on Ground Level Three Stories of Usable Space No Rent Control & Active Green Card Separately Metered Utilities Low Operating Expenses Total Gross Annual Income: $67,800 Net Operating Income (NOI): $48,979 Estimated Cap Rate: 6.53% This is a prime opportunity for investors looking for a stabilized asset with solid in-place cash flow and upside potential in a rapidly developing area near mass transit, shopping, and schools. With no renovation required, this turnkey property is ready to go from day one.

Full Property Details for 32 Martin Luther King Jr Dr

General

  • Price: $749,000
  • Status: Active
  • Type: Commercial
  • Source: Liberty_Board_Hudson_County_Hudson_MLS
  • MLS ID: 250012229
  • Updated: 6/17/2025
  • Added to Site: 279 day(s) ago

Location

  • County: Hudson
  • Location Details: Warner and Wade St.

Structural Information

  • Construction: Brick
  • Stories in Building: 3
  • # of Stores: 3

Lot Features

  • Lot Size: 20.1X69
  • Lot Dimensions: 20.1 x 69
  • Lot Description: 38

Financial Considerations

  • For Sale/Rent/Lease: For Sale

Disclosures and Reports

  • Exclusions: personal property
  • Inclusions: All appliances
  • Lead Paint Discl.: Yes

Listed by Hudson View Realty Llc (201) 866-6500

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Listing agent

— 32 Martin Luther King Jr Dr —

  • Hudson View Realty Llc

    201-866-6500

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 32 Martin Luther King Jr Dr

School District:Jersey City School District
NameGradesDistance
Number 34 Elementary School
1830 Kennedy Blvd, Jersey City, NJ 07305
PK-80.1 mi
Henry Snyder High School
239 Bergen Avenue, Jersey City, NJ 07305
9-120.7 mi
Lincoln High School
60 Crescent Avenue, Jersey City, NJ 07304
9-121.5 mi
James J. Ferris High School
35 Colgate Street, Jersey City, NJ 07302
9-122.3 mi
William L. Dickinson High School
2 Palisade Avenue, Jersey City, NJ 07306
9-122.7 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 32 Martin Luther King Jr Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2025
Listed
$749,000
274.5%
MLS
2/15/2017
Sold
$200,000
—
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 32 Martin Luther King Jr Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,740
61%
$436,200
52%
2022
$6,062
32%
$286,200
—
2021
$4,591
32%
$286,200
—
2021
$3,470
-21%
$286,200
—
2019
$4,407
591%
$286,200
567%
2018
$638
-81%
$42,900
—
2017
$3,346
1%
$42,900
—
2016
$3,304
3%
$42,900
—
2015
$3,210
—
$42,900
—
2013
$3,203
—
$42,900
—
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.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Hudson View Realty Llc (201) 866-6500

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32 Martin Luther King Jr Dr, Jersey City, NJ 07305 (MLS# 250012229) is a Commercial property. 32 Martin Luther King Jr Dr is currently listed for $749,000 and was received on June 16, 2025. Want to learn more about 32 Martin Luther King Jr Dr? Do you have questions about finding other Commercial real estate for sale in Greenville? You can browse all Greenville real estate or contact a Coldwell Banker agent to request more information.

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