Exceptional investment opportunity in the highly desirable Jersey City Heights section. This 8-unit multifamily property offers immediate cash flow with substantial upside through the renovation and repositioning of under-market units. Current gross rental income is approximately $169,700 annually, with the potential to increase to over $225,900 annually after renovating Units 2, 5, and 7.
At an offering price of $2,700,000, the property is operating at an estimated 4.79% cap rate with the potential to achieve an estimated 6.87% pro forma cap rate. Investors will appreciate the strong rental demand, proximity to transportation, shopping, dining, and continued growth throughout Jersey City Heights.Property is being sold as-is. Buyer to perform their own due diligence regarding income, expenses, rents, permits, and future projections.
For sale
Price cut: $300K (6/12)
$2,700,000
85 Zabriskie St, Jersey City, NJ 07307
--beds
0baths
--sqft
:
Get pre-qualified$18,712/mo
MultiFamily
Built in ----
-- sqft lot
$2,496,300 Zestimate®
$--/sqft
$-- HOA
What's special
- 72 days |
- 77 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
LUIZ BENTO 862-405-1152,
XENTRY PROPERTY GROUP LLC 212-661-2000
Source: HCMLS,MLS#: 260010609
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Baseboard, See Remarks
Cooling
- Central Air, Wall Unit(s)
Features
- Basement: None
Property
Parking
- Parking features: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi Level
Materials
- Aluminum Siding
Community & HOA
Location
- Region: Jersey City
Financial & listing details
- Annual tax amount: $23,230
- Date on market: 6/3/2026
- Inclusions: sold as is
- Exclusions: owners personal property
Estimated market value
$2,496,300
$2.37M - $2.62M
$3,124/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $2,700,000-10% |
Source: HCMLS #260010609 Report a problem | ||
| 6/3/2026 | Listed for sale | $3,000,000 |
Source: HCMLS #260010609 Report a problem | ||
| 7/30/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/9/2023 | Listed for rent | $2,399 |
Source: Zillow Rentals Report a problem | ||
| 6/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/29/2023 | Listed for rent | $2,399-9.5% |
Source: Zillow Rentals Report a problem | ||
| 9/27/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 9/26/2022 | Listed for rent | $2,650 |
Source: Zillow Rental Network_1 #220017274 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: The Heights
Nearby schools
GreatSchools rating
- 6/10Nicolas Copernicus No. 25 Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Franklin L Williams Middle School No7Grades: 6-8Distance: 0.5 mi
- 1/10William L. Dickinson High SchoolGrades: 9-12Distance: 1.1 mi
- $684,0002 bd1 ba-- sqft85 Zabriskie St UNIT 8C, Jersey City, NJ 07307Off Market
- $684,0002 bd1 ba-- sqft85 Zabriskie St #6U, Jersey City, NJ 07307Off Market
- $684,0002 bd1 ba-- sqft85 Zabriskie St #3A, Jersey City, NJ 07307Off Market
- $--2 bd1 ba800 sqft85 Zabriskie St APT 1, Jersey City, NJ 07307Off Market
- $--2 bd1 ba-- sqft85 Zabriskie St #1B, Jersey City, NJ 07307Off Market
- $--2 bd1 ba850 sqft85 Zabriskie St #4D, Jersey City, NJ 07307Off Market
- $--2 bd1 ba850 sqft85 Zabriskie St #4U, Jersey City, NJ 07307Off Market
- $--2 bd1 ba850 sqft85 Zabriskie St #8D, Jersey City, NJ 07307Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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