ADDRESS
62 E Park Place
Morristown, NJ 07960
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$1,200,000
151 Days On Site
200 Lembeck AveJersey City, NJ 07305
For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
4,284
SqFt
$280
/SqFt
1926
Built
County:
Hudson
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973-349-0459
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Investor's dream! This rare fully occupied 7-unit multifamily property in the heart of Jersey City is a turnkey investment generating strong, steady cash flow. Ideally located in a high-demand rental area, this well-maintained building offers easy access to public transportation and major highways. Just minutes from NYC, this property appeals to a broad tenant base of commuters and locals alike.Property Highlights:- Units: 7 total units, with a mix of spacious 1- and 2-bedroom apartments- Occupancy: 100% occupancy with stable, long-term tenants on all month-to-month leases.-Rental Income: Consistent cash flow with room for potential rent increases- Location: Prime Jersey City location, close to PATH trains, less than 1 mile to Danforth light rail, and bus lines- Condition: Well-maintained with some updates.- Amenities: Potential to add On-site laundry.
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Listing Snapshot
Price
$1,200,000
Days On Site
151 Days
Bedrooms
N/A
Inside Area (SqFt)
4,284 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1926
MLS® Number
3935664
Status
Active
Property Tax
$14,762
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| a week ago | Listing updated with changes from the MLS® | |
| a week ago | Price changed to $1,200,000 | |
| 5 months ago | Listing first seen on site |
General Features
Acres
0.07
Number Of Stories
3
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
4284
Utilities
Natural Gas Available
Water Source
Public
Zoning
R-1
Interior Features
Basement
FinishedWalk-Out Access
Cooling
Window Unit(s)
Heating
BaseboardNatural Gas
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Exterior Features
Construction Details
Wood Siding
Roof
Asphalt
Listing courtesy of REALTY ONE GROUP PARAMOUNT 2012927421
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
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