This blog post dives into a rare real estate investment opportunity right in the heart of Jersey City’s Heights neighborhood. Here’s a package deal that really pops for its location, income potential, and the kind of long-term growth you just can’t ignore.
Accessibility, modern upgrades, and strong rental income all stand out here. Whether you’re a seasoned investor or just starting out, this multi-property offering could be your ticket into Jersey City’s competitive market.
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A Prime Location in the Heights
At 130–132 Griffith Street, you’ll find two adjacent three-family buildings. They sit on a wide 40’ x 77’ corner lot, giving you plenty of space to work with.
The Heights is one of Jersey City’s most vibrant districts. Families and professionals flock here for the easy commute and that local neighborhood charm.
What’s Inside the Offer
Together, these properties offer six roomy two-bedroom, one-bath units. Both buildings recently got upgrades to the heating, hot water, and electrical systems—huge perks for anyone who doesn’t want to deal with big repairs right away.
Income, Potential, and Flexibility
Right now, these buildings pull in a solid $140,376 in gross annual income. There’s no rent control, which means you can get creative with lease turnovers and renovations.
With some targeted updates, income could jump to $222,000 a year. That’s a serious boost for anyone looking at long-term gains.
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Strong Investment Metrics
After renovations, you’re looking at a projected cap rate of 6.38%. That’s a mix of steady cash flow and real potential for property appreciation.
Oh, and there are two private parking spaces—a rare find around here. Tenants love that, and it definitely adds value.
Access and Neighborhood Appeal
This property’s location is tough to beat if you care about transportation. Residents get quick access to Hoboken, Downtown Jersey City, Journal Square, and even NYC, thanks to the nearby light rail and NJ Transit.
If you’re coming from other parts of New Jersey or New York, commuting here feels pretty seamless. That’s a big selling point for a lot of renters.
Local Lifestyle and Attractions
The neighborhood’s got some great food spots like Corto and Bread & Salt. The Riverview Farmers Market is always buzzing too.
All this adds up to a lifestyle that keeps renters happy—convenience and a sense of community in one package.
Expansion Opportunities
The package lists for $2,175,000 with Gilli Axel at Compass. If you want to go bigger, you can combine it with the nearby 134 Griffith Street and build a larger portfolio right here in the Heights.
Jersey City Connection
Opportunities like this rarely hit the market, especially in neighborhoods as established as this one. If you’re still scoping out where to stay in Jersey City or checking out Jersey City hotels before making a move, a visit to the Heights gives you a real sense of the area.
Restaurants, parks, cultural spots—it’s all right outside your door. There’s always something to do in Jersey City, and this property puts you in the heart of it.
Final Thoughts
This investment isn’t just about properties. It’s about placing yourself in a city that keeps gaining momentum and buzz.
The Heights stands out for its location and lively community vibe. Investors get the numbers they want, and tenants find the lifestyle they hope for.
Maybe you’re eyeing income, hoping for appreciation, or both. 130–132 Griffith Street feels like one of those rare chances to own a piece of Jersey City’s future.
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Here is the source article for this story: Turnkey Multifamily Package with Strong Upside Available in Jersey City Heights
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