Jersey City, NJ 07305 121 Lembeck Ave

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 investor’s portfolio. Unit 1 $2300 - Lease Expires June 2026. Unit 2 - Vacant. Unit 3 - $1400 Month to Month.