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571 W Side Ave 6 Unit Apartment Building $1,200,000 ($200,000/Unit) 5.85% Cap Rate Jersey City, NJ 07304
INVESTMENT HIGHLIGHTS
- Tenants pay heat and hot water
- Below Market Rents
- 3 Vacant units give perfect opportunity to start cap x program
- Lot Size 31x100
- Significant upside through capital improvements
- Prime Jersey City Location in the heart of thriving business corridor one block to Lincoln Park and adjacent to major bus stops
EXECUTIVE SUMMARY
Introducing a rare value-add multifamily in one of Jersey City’s most active and transit-connected corridors. Below-market rents, tenant-paid heat/hot water, and three vacant units create immediate upside and a strong start for a full cap-ex program. The 31 x 100 lot holds classic 2BR railroad layouts with strong rental demand and long-term appreciation potential. Just one block from Lincoln Park and steps to major bus routes, shops, and daily conveniences. A high-upside, scalable investment in a prime location — ideal for long-term growth and repositioning.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.85% | Building Size | 4,500 SF |
| No. Units | 6 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1920 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 06-18206-0000-00027 | Improvements Assessment | $411,000 |
| Land Assessment | $210,000 | Total Assessment | $621,000 |
PROPERTY TAXES
Parcel Number
06-18206-0000-00027
Land Assessment
$210,000
Improvements Assessment
$411,000
Total Assessment
$621,000
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571 W Side Ave
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