85 Zabriskie St, Jersey City, NJ, 07307
About This Home
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.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Materials
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Multi Level
Interior
Basement
- Basement: None
Heating & Cooling
- Heating features: Forced Air,Baseboard,See Remarks
- Cooling features: Central Air,Wall Unit(s)
Property
Details
- Exclusions: owners personal property
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,652 | $163,824 |
| Home Insurance * | $568 | $6,816 |
| Property Taxes | $3,510 | $42,120 |
| Electricity | $193 | $2,318 |
| Total | $17,923 | $215,076 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-12 | Price change | $2,700,000 |
| 2026-06-03 | Listed for sale | $3,000,000 |
| 2023-07-30 | Listing removed | -- |
| 2023-07-09 | Listed for rent | $2,399 |
| 2023-06-19 | Listing removed | -- |
| 2023-05-29 | Listed for rent | $2,399 |
| 2022-09-27 | Listing removed | -- |
| 2022-09-26 | Listed for rent | $2,650 |
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