Multifamily & income property

Multifamily and income property in Hudson County.

Nearly a third of Hudson County’s homes are in two- to four-unit buildings. The right one depends on how the numbers and the building hold up together: the rent roll, the leases, the expenses, and what the property will ask of its next owner.

Discuss an investment Selling a multifamily?

The market, in numbers

Where 2–4 family homes are a big share.

Published figures, each with its source and date. They describe the housing stock and rents; they are not a forecast.

31.9%of Hudson County homes are in 2–4 unit buildings. ACS 2020–2024
45.0%of Bayonne homes, and 31.5% in Jersey City, are in 2–4 unit buildings. ACS 2020–2024
69.3%of Hudson County households rent their home. ACS 2020–2024
$3,101 / motypical asking rent in Jersey City, September 2026 (+3.1% year over year); Bayonne $2,342 (+2.7%). Zillow Observed Rent Index

Represented by Terrane

Current Terrane income properties.

Two- to four-family homes Terrane represents today, from our current listings. Status is shown as listed.

Pending$1,800,000ResidentialView199 York St, Jersey City, NJ4 Beds3.5 Baths

Pending$2,400,000CommercialView19 Jewett Ave, Jersey City, NJ25 Beds9 Baths

For Sale$750,000ResidentialView1802 Palisade Ave, Union City, NJ4 Beds2 Baths

Pending$485,000ResidentialView4517 Harrison Pl, Union City, NJ4 Beds3 Baths

Pending$699,000ResidentialView226 Old Bergen Rd, Jersey City, NJ6 Beds2.5 Baths

For Sale$1,299,999ResidentialView37 Poplar St, Jersey City, NJ8 Beds6 Baths

For Sale$1,199,000ResidentialView202 Fairview Ave, Jersey City, NJ5 Beds4.5 Baths

Advisors currently representing these properties: Kelly Bastidas, Christian Alfonso Bastidas and Jerry Ceberio.

How we evaluate a multifamily

Read the building before the price.

An income property is two decisions at once: a home and a business. We look at both before anyone talks about price.

Rent roll and leasesCurrent rents, lease terms and renewal dates, deposits, and what is documented versus assumed.
Operating expensesTaxes, insurance, utilities paid by the owner, maintenance, and the costs a listing sheet leaves out.
Building conditionRoof, systems, separate meters, and deferred maintenance, plus the capital the building will need next.
Records and complianceCertificates of occupancy, permits for past work, and whether the legal unit count matches what is there.
Local rulesSome municipalities regulate rents on certain buildings. We flag what may apply, and recommend confirming the details with a real estate attorney.
The buyer at exitWho is likely to buy the building next, an owner who will live there or an investor, and how that shapes its value.

We don’t forecast returns. We help you test the assumptions behind them.

Buying to live in one unit?

Many buyers of two- to four-family homes live in one unit and rent the others. How lenders treat owner-occupied purchases, and how they count rental income, varies, so it is worth speaking with your lender early. We shape the search around what they approve.

Selling an income property?

Buyers will ask for leases, rent history, and expenses, and showings have to work around tenants. See how we approach a sale, or ask what your building could sell for.

Discuss an investment Meet Kelly Bastidas

Investment sales at Terrane are led by Kelly Bastidas, Director of Investment Sales, with Pierre Garcia, Development & Investment Specialist. Looking for other commercial property? Browse commercial & investment listings.