121 Lembeck Ave - Multi-Family FOR SALE


Jersey City, NJ 07305- Greenville
$850,000 USD
917-923-3266
121 Lembeck Ave, Jersey City, NJ for Sale
$850,000 USD
Multi-Family - FOR SALE
1/16
null | 6.18% Cap Rate

121 Lembeck Ave
Jersey City, NJ 07305
Greenville


HIGHLIGHTS

  • Extra Wide Lot
  • Parking
  • Separate Utilities

OVERVIEW

Introducing a prime 3-family investment on a peaceful, well-maintained block in southern Greenville with major value-add upside.Below-market rents, no rent control, separate utilities, and an extra-wide lot set this property apart.The 33-ft-wide lot provides a full-length driveway and rare on-site parking—boosting curb appeal, light, and outdoor flexibility.Parking alone elevates rental demand, increases rents, and reduces turnover for long-term stability. With tenant-paid heat/hot water and multiple avenues for rent growth, this is a smart, scalable addition to any portfolio. Taxes: $7,042 Tenants pay heat and hot water Lot Size: 33 x 90 Below market rents No Rent Control On Site Parking

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

3

PRICE/UNIT

$283,333

CAP RATE

6.18%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

121 Lembeck

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1955

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,970 SF

ZONING

-

APN/PARCEL ID

06-29305-0000-00014

ASK ABOUT THIS PROPERTY

Jesse ToledanoModern SpacesMore Info
917-923-3266

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Jesse ToledanoModern SpacesMore Info
917-923-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.