121 Lembeck Ave, Jersey City, NJ, 07305 | 5.29% Rental Yield

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121 Lembeck Ave, Jersey City, NJ, 07305 | 5.29% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Jersey City at 121 Lembeck Ave, Jersey City, NJ, 07305 earns from $3,748/mo rent with a $4,160/mo payment. Total monthly income totals $3,748/mo. ROI tracks 10.15% on current figures, and rental yield reads 5.29% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 51.69% and total cumulative return in cash sums $144,562. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,748/mo property income instead of your personal income.

Multi Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Introducing an excellent investment opportunity situated on a peaceful, well-maintained Jersey City block in southern Greenville that appeals to long-term renters and owners alike. This 3 family property benefits from a wide-spread value-add potential thanks to below-market rents, the absence of rent control, separate utilities, and extra wide lot. The property sits on a generous 33 ft wide lot, providing a full size drive that goes the length of the property - a rarity compared to standard 3 families in the area. In addition to invaluable parking, this added width translates to improved curb appeal, enhanced light and air around the structure, and potential flexibility for future outdoor upgrades, trash/recycling enclosures, or landscaping improvement.The parking alone dramatically strengthens its rental profile. Parking availability consistently commands higher rents and reduces turnover, making it a central selling point for prospective tenants. Coupled with tenants paying their own heat and hot water, the asset offers extremely efficient operating costs. With multiple avenues for rent growth and long-term upside, this property stands out as a strong, smart, and scalable addition to any investors portfolio. Unit 1 $2300 - Lease Expires June 2026. Unit 2 - Vacant. Unit 3 - $1400 Month to Month.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07305, Jersey City, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,090 (100%)
Owner Occupied HU	8,581 (31.7%)
Renter Occupied HU	16,391 (60.5%)
Vacant Housing Units	2,118 ( 7.8%)
Median Home Value	$484,092
Average Home Value	$556,754