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121 Lembeck Ave - 121 Lembeck 3 Unit Apartment Building Offered at $1,160,786 CAD at a 6.18% Cap Rate Jersey City, NJ 07305
Investment Highlights
- Extra Wide Lot
- Separate Utilities
- Parking
Executive Summary
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
Taxes: $7,042
Tenants pay heat and hot water
Lot Size: 33 x 90
Below market rents
No Rent Control
On Site Parking
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,697 CAD | - |
| 1+1 | 1 | $1,912 CAD | - |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 06-29305-0000-00014 | Total Assessment | $454,072 CAD (2025) |
| Land Assessment | $123,863 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $330,209 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
06-29305-0000-00014
Land Assessment
$123,863 CAD (2025)
Improvements Assessment
$330,209 CAD (2025)
Total Assessment
$454,072 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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121 Lembeck Ave - 121 Lembeck
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