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Sold for $670,000
  • $670,000

    565 Ocean Ave, Jersey City, NJ 07305

    9beds
    --sqft
    MultiFamily
    Built in ----
    -- sqft lot
    $866,700 Zestimate®
    $--/sqft
    $1,842 Estimated rent

    Home value

    $866,700

    $789,000 - $945,000

    $1,842/mo

    Zestimate® history
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    $1,842/mo

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    What's special

    THIS IS THE ONE YOU’VE BEEN WAITING FOR! Amazing 3-family opportunity in Jersey City. Perfect for homeowners seeking income or investors seeking a turnkey property, with low taxes, low overhead, and a healthy rent roll, this property has the potential to yield up to a 9% cap rate! This home offers 3 beautiful, spacious units with all separate utilities. Each unit offers an impressively sized living room with an adjoining bonus room. This area can function as a dining room, guest quarters, office, playroom, etc. All the units have open concept kitchens with great storage and counter space, 3 generous bedrooms and a full bath. Unit 1 also includes an en suite powder room within Its primary bedroom. The unfinished basement has utility and storage areas. The current asking rents are $2000 (unit 1) and $2200 (units 2 & 3). Unit 3 is currently vacant, offering a great option for owner occupants to move right in! Excellent location, with shops, restaurants, banks, and more at your fingertips. Commuters can take advantage of bus lines running along Ocean Avenue, and light rail stations within half a mile. This income-generating property won't last long! see your future investment come to life, don’t let this one get away!

    Zillow last checked:

    Listing updated:

    Listed by:

    HILLEL WEINBERGER,

    NATIONWIDE HOMES 908-662-5258

    Bought with:

    NATIONWIDE HOMES

    Source: HCMLS,MLS#: 240006568

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas
    Features
    • Basement: Unfinished

    Property

    Parking
    • Parking features: See Remarks
    Details
    • Parcel number: 0623501000000041

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    Materials
    • Aluminum Siding, Brick, See Remarks

    Community & HOA

    Location
    • Region: Jersey City

    Financial & listing details

    • Tax assessed value: $341,800
    • Annual tax amount: $7,632
    • Date on market: 4/28/2025
    • Exclusions: Personal and tenant belongings

    Price history

    DateEventPrice
    6/18/2024Sold$670,000+3.1%
    Source: HCMLS #240006568 Report a problem
    6/5/2024Listing removed--
    Source: Zillow Rentals Report a problem
    5/7/2024Listed for rent$2,200
    Source: Zillow Rentals Report a problem
    4/16/2024Listing removed--
    Source: Zillow Rentals Report a problem
    4/9/2024Listed for sale$649,999+85.7%
    Source: HCMLS #240006568 Report a problem
    3/5/2024Listed for rent$2,200+46.7%
    Source: Zillow Rentals Report a problem
    8/12/2019Listing removed$1,500
    Source: PATRICK HAMBRECHT LLC #190013736 Report a problem
    7/24/2019Price change$1,500-6.3%
    Source: PATRICK HAMBRECHT LLC #190013736 Report a problem
    7/11/2019Listed for rent$1,600+6.7%
    Source: PATRICK HAMBRECHT LLC #190013736 Report a problem
    5/3/2016Sold$350,000-6.7%
    Source: HCMLS #150005931 Report a problem
    8/5/2015Listing removed$375,000
    Source: MICHAEL CERVELLI REAL ESTATE LLC #150005931 Report a problem
    5/9/2015Listed for sale$375,000+476%
    Source: MICHAEL CERVELLI REAL ESTATE LLC #150005931 Report a problem
    6/14/2013Listing removed$1,500
    Source: Zillow Rental Network Report a problem
    6/7/2013Listed for rent$1,500
    Source: Zillow Rental Network Report a problem
    6/15/2012Sold$65,100+4.2%
    Source: HCMLS #120006116 Report a problem
    5/16/2012Listed for sale$62,500-71.7%
    Source: Homepath #120006116 Report a problem
    3/22/2012Sold$221,231+10.7%
    Source: Public Record Report a problem
    2/5/2012Listed for sale--
    Source: Homepath Report a problem
    8/21/2007Sold$199,900-53.5%
    Source: Public Record Report a problem
    4/6/2006Sold$430,000+45.8%
    Source: Public Record Report a problem
    4/26/2005Sold$295,000+227.8%
    Source: Public Record Report a problem
    12/18/2003Sold$90,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,632 $341,800
    2024$7,632 -0.6%$341,800
    2023$7,680 +40.1%$341,800
    2022$5,482 $341,800
    2021$5,482 +4.2%$341,800
    2020$5,264 +3.5%$341,800
    2019$5,086 -20.5%$341,800
    2018$6,396 +1.3%$341,800 +316.8%
    2017$6,315 +2.9%$82,000
    2016$6,135 +0.6%$82,000
    2015$6,096 -0.4%$82,000
    2014$6,122 +3.9%$82,000
    2013$5,891 +2.5%$82,000
    2012$5,747 +1.5%$82,000
    2011$5,660 +15%$82,000
    2010$4,921 +8.1%$82,000
    2009$4,553 $82,000
    2008-- $82,000
    2007-- $82,000
    2006-- $82,000
    2005-- $82,000
    2004-- $82,000
    2003-- $82,000
    2002-- $82,000
    2001-- $82,000
    Find assessor info on the county website

    Neighborhood: Greenville

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $866,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $866,700