Two-Unit Residential Income
For Sale
$775,000
147 Lincoln Street, Jersey City, NJ 07307
2-4 Family, Jersey City, NJ
Property Size1,300 SF
Price / SF$596.15
Days on Market33
Property Features for 147 Lincoln Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
Subdivision
Jersey City
Standard status
Active
Utilities
Cooling system
None (Cooling)
Listing Agency:
Keller Williams Village Square Realty · Keller Williams Realty
(201) 445-4300
Listed By:
Sally Ponchak
(201) 891-6700
Added: Sep 4
Changed: Oct 5
Last Checked: Oct 6 at 2:06PM
MLS# 26032988
Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit 1 is a 1,300-square-foot, two-bedroom, two-bath condominium residence within a two-unit building at 147 Lincoln Street. The home is under construction and is expected to be completed in late September 2026. Its open-concept layout includes two full bathrooms and a bonus room that can serve as a home office, den, or flex space.
The property is in Jersey City, with access to Manhattan and nearby restaurants, shops, and nightlife. Regional transportation options include PATH, light rail, and ferry service, providing several commuting connections. Renderings depict the anticipated finished residence.
The property is in Jersey City, with access to Manhattan and nearby restaurants, shops, and nightlife. Regional transportation options include PATH, light rail, and ferry service, providing several commuting connections. Renderings depict the anticipated finished residence.
Key Highlights
- 1,300 sq ft Unit 1 condominium residence
- Two bedrooms and two full baths
- Bonus room supports office, den, or flex use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,465
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,300
$529.3K
Cap Rate 7%
$378,071
$378.1K
Cap Rate 9%
$294,056
$294.1K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$50.5K $38.88/SF
− Vacancy
−$2.4K −$1.87/SF
EGI
$48.1K $37.01/SF
− OpEx
−$21.7K −$16.66/SF
NOI
$26.5K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,300
Cap Rate 7%
$378,071
Cap Rate 9%
$294,056
Alternative Uses
Best Use
Apartment 5plus
$378.1K
$330.8K – $441.1K
NOI $26,465 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$421.5K
$368.8K – $491.7K
NOI $29,504 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 07307, NJ
44,247
Population
18,762
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
23,288
Density / Sq Mi
$80,745
Median Household Income
$52,729
Median Earnings
$1,708
Median Rent
$574,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction residence with two full baths and a flexible bonus room for office, den, or additional living space.
Where is this residential income property located?
The property is located at 147 Lincoln Street Jersey City, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,300 sq ft Unit 1 condominium residence; Two bedrooms and two full baths; Bonus room supports office, den, or flex use
