121 Lembeck Ave, Unit JC Jersey City, NJ 07305
New
Value-add triplex in Greenville with parking and separate utilities.
Source: MODERN SPACES NJ LLC
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Greenville Triplex with Parking
This three-family property presents an investment opportunity in southern Greenville, Jersey City. The property benefits from value-add potential due to below-market rents, the absence of rent control, and separate utilities. Situated on a 33 ft wide lot, the property includes a full-size drive that extends the length of the property. This width enhances curb appeal, light, and air around the structure, and offers potential for future outdoor upgrades, trash/recycling enclosures, or landscaping improvements. Parking availability can command higher rents and reduce turnover. Tenants are responsible for their own heat and hot water, contributing to efficient operating costs. Unit 1 is currently leased for $2300 with the lease expiring in June 2026. Unit 2 is vacant. Unit 3 is rented month to month for $1400.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0931049
- Latitude
- 40.6946752
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FAQs
What type of property is this?
Multifamily property - Value-add triplex in Greenville with parking and separate utilities.
Where is this multifamily property located?
The property is located at 121 Lembeck Ave, Unit JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - Value-add potential due to below-market rents and absence of rent control.; - Rare, full-size driveway providing invaluable parking that commands higher rents and reduces tenant turnover.; - Tenants pay their own heat and hot water, resulting in extremely efficient operating costs.