171 OLD BERGEN Rd Unit 1R · Jersey City, NJ 07305

$165,000

None bd · 1.0 ba · 481 sqft · Condo · 231 Days on market

$241/mo HOA · 8% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Your next great investment or first home awaits! Ideal for first-time buyers or investors seeking their next rental opportunity, this well-designed studio condo combines functionality and comfort with a kitchen, living/dining area, full bath, and ample storage. Conveniently located just steps away from public transportation, making city living easy and accessible.

Key facts

• Kitchen
• Living dining area
• Full bath

Tags

• WELL-DESIGNED STUDIO CONDO
• KITCHEN
• LIVING DINING AREA
• FULL BATH
• AMPLE STORAGE
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Lead paint form: Yes
• Financial info: Taxes listed (for reference) — $2,080
• HOA & community: Monthly maintenance fee of $241; Washer/dryer room as a common amenity; Pets not allowed

Exterior

• Parking: Parking available (see remarks)
• Security: Intercom
• Utilities: Public water and sewer (typical for the area)
• Home design: Unit within a multi-unit building
• Construction: Brick construction
• Exterior features: Brick exterior; Near train, shopping, bus, parks, schools, and PATH

Interior

• Kitchen: One kitchen; Microwave; Refrigerator; Gas oven/range
• Bedrooms: Total of 3 rooms (includes bedrooms and living spaces)
• Flooring: Hardwood floor
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Gas heating; Window A/C
• Interior features: Intercom; Hardwood floor
• Laundry & utility: Building washer/dryer room (common)

What this means for you Summary

Snapshot

• This is a ?-bed/1.0-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $931 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 1.8% in Jersey City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#116 in NJ, #2,955 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Jersey City Public Schools (urban): math 16% / reading 38% proficiency, ranked #369 of 472 in NJ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.6%/yr); 249 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 5,310 units permitted in Hudson County in 2024 (4,154 in 5+ unit buildings).
• At $2,927/mo this rent would consume 46% of the median local household income ($77k/yr) (locally 4975% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Hudson County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $46k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 231 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 7y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $140k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 231 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.77% ✓
• Cap rate: 13.07%
• Cash-on-cash: 24.19%
• DSCR: 2.08
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.61% rent growth · sell at horizon

5-year hold

• IRR: 15.8%
• Equity multiple: 1.62×
• Total profit: $28,727
• Equity at exit: $24,602

10-year hold

• IRR: 23.3%
• Equity multiple: 2.86×
• Total profit: $86,054
• Equity at exit: $14,266

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 6 Strongly Tenant-Friendly
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City Jersey City: 6 Strongly Tenant-Friendly · D+34

Rent Control Ordinance covers buildings 4+ units pre-1986.

Methodology + full state rankings →

ZIP-level market 07305

• Rents YoY: 1.6%
• Active inventory: 249
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,927 medium
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$241
• Vacancy / Maint / Mgmt: −$615
• Net cashflow: $931

Break-even live

Break-even rent $1,748

Max offer price $165,000

Occupancy floor 63%

Sensitivity live

Price	-10% $1,045	-5% $988	+0% $931	+5% $874	+10% $817
Rent	-10% $700	-5% $816	+0% $931	+5% $1,047	+10% $1,162
Rate	-1.0pp $1,014	-0.5pp $973	base $931	+0.5pp $888	+1.0pp $845

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 Claremont Ave Jersey City, NJ	2.0	1.0–2.0	625	$3,525	$5.64	0d	19	1.38mi

HOA detail condo

• Monthly dues: $241 · $2,892/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 39 events

1. 2026-06-21
   days on market $165,000 Active 231 DOM
2. 2026-06-18
   days on market $165,000 Active 228 DOM
3. 2026-06-17
   days on market $165,000 Active 227 DOM
4. 2026-06-16
   days on market $165,000 Active 226 DOM
5. 2026-06-15
   days on market $165,000 Active 225 DOM
6. 2026-06-13
   days on market $165,000 Active 223 DOM
7. 2026-06-13
   days on market $165,000 Active 222 DOM
8. 2026-06-09
   days on market $165,000 Active 219 DOM
9. 2026-06-08
   days on market $165,000 Active 218 DOM
10. 2026-06-07
    days on market $165,000 Active 217 DOM
11. 2026-06-04
    days on market $165,000 Active 214 DOM
12. 2026-06-03
    days on market $165,000 Active 213 DOM
13. 2026-06-02
    days on market $165,000 Active 212 DOM
14. 2026-06-01
    days on market $165,000 Active 211 DOM
15. 2026-05-31
    days on market $165,000 Active 210 DOM
16. 2026-02-19
    price $165,000

    Show marketing remark (366 chars)

    Your next great investment or first home awaits! Ideal for first-time buyers or investors seeking their next rental opportunity, this well-designed studio condo combines functionality and comfort with a kitchen, living/dining area, full bath, and ample storage. Conveniently located just steps away from public transportation, making city living easy and accessible.

17. 2026-02-19
    price $165,000 366-char remark

    Show marketing remark (366 chars)

    Your next great investment or first home awaits! Ideal for first-time buyers or investors seeking their next rental opportunity, this well-designed studio condo combines functionality and comfort with a kitchen, living/dining area, full bath, and ample storage. Conveniently located just steps away from public transportation, making city living easy and accessible.

18. 2026-01-06
    listed $175,000 Active 366-char remark

    Show marketing remark (366 chars)

    Your next great investment or first home awaits! Ideal for first-time buyers or investors seeking their next rental opportunity, this well-designed studio condo combines functionality and comfort with a kitchen, living/dining area, full bath, and ample storage. Conveniently located just steps away from public transportation, making city living easy and accessible.

19. 2025-12-11
    price $175,000
20. 2025-11-02
    listed $185,000 Active
21. 2023-09-22
    soldstatus $140,000 Sold 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

22. 2023-09-21
    status Under Contract 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

23. 2022-08-31
    status Active 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

24. 2022-08-31
    historical 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

25. 2022-08-18
    status Active 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

26. 2022-08-18
    historical 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

27. 2022-03-26
    status Active 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

28. 2022-03-26
    historical 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

29. 2022-03-17
    status Active 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

30. 2022-03-17
    historical 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

31. 2022-01-25
    listed $148,000 Active 544-char remark

    Show marketing remark (544 chars)

    !! JERSEY CITY'S CONDOMINIUM OPPORTUNITY IS HERE !! Take a look at this charming studio condominium! Whether your'e a first time homeowner or an investor seeking to purchase your next rental place, THIS IS IT! This 1st floor condominium unit offers you a kitchen, living room, dining room, 1 full bath, and 2 other spaces excellent for extra storage. Residing here will give you the advantage of being within close proximity to many shops, restaurants, transportation to NYC, schools, parks and so much more! Virtual Appointments now available!

32. 2020-07-17
    historical
33. 2020-05-19
    historical
34. 2020-05-19
    listed $138,000 Active
35. 2020-02-05
    historical
36. 2020-02-05
    listed $149,000 Active
37. 2020-02-04
    status Active
38. 2019-07-22
    historical
39. 2019-07-22
    listed $149,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,127
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$2,810
• − Management: −$2,810
• − HOA: −$2,892
• − Depreciation: −$4,800
• Taxable income: $9,272
• Est. tax owed @ 24.0%: −$2,225
• After-tax cash flow: $8,949/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Jersey City Public Schools
• NCES district ID: 3407830
• Math proficiency: 16% ▼ -17.00%
• Reading proficiency: 38% ▼ -11.00%
• Median HH income: $58,431
• Composite: 24.43/100
• National rank: #7678
• State rank: #369 of 472 in NJ

Livability — Jersey City

• Score: 77/100
• State rank: #116
• US rank: #2955

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing A- Health & safety A- User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jersey City, NJ
• County: Hudson County · 718,323 people
• City population: 294,078
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 72,161
• Household income: $76,527
• Rent vs Own: 60.0% rent · 40.0% own
• Severe rent burden: 4975.0

Population outlook (Hudson County) Hauer SSP2

• Today (2025): 771,834 people
• By 2030: 818,028 · +6.0%
• By 2040: 907,866 · +17.6%
• By 2050: 994,480 · +28.8%
• By 2075: 1,163,301 · +50.7%
• By 2100: 1,254,703 · +62.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Black 40% Hispanic / Latino 27% Asian 15% Two or more races 13% White 12%
• Hispanic origin (detail): Puerto Rican 11% Dominican 9%
• Common ancestry: Swedish 1% Hispanic 1% Romanian 1%
• Foreign-born: 33% · Canada, China, Jamaica
• Languages at home: 58% English-only · Spanish 21% Tagalog/Filipino 7% Arabic 3%

Political lean MEDSL · Hudson

• 2024 margin: Strong D (+28.1) · D 62.6% · R 34.6% · Other 2.8%
• 2008→2024 swing: -18.7pp toward R · 2008: 46.7pp · 2024: 28.1pp
• All cycles: 2024: D+28.1 2020: D+46.2 2016: D+51.8 2012: D+55.7 2008: D+46.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.89%
• Current HPI: 299.991
• Rent YoY: ▲ 1.61%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+10.7% since first listed

24 events — show timeline

• 2026-02-19 Price Changed $165,000 HCMLS
• 2026-02-19 Price Changed $165,000 NJMLS
• 2026-01-06 Listed $175,000 NJMLS
• 2025-12-11 Price Changed $175,000 HCMLS
• 2025-11-02 Listed $185,000 HCMLS
• 2023-09-22 Sold (MLS) $140,000 HCMLS
• 2023-09-21 Pending — HCMLS
• 2022-08-31 Relisted — HCMLS
• 2022-08-31 Listing Removed — HCMLS
• 2022-08-18 Relisted — HCMLS
• 2022-08-18 Listing Removed — HCMLS
• 2022-03-26 Relisted — HCMLS
• 2022-03-26 Listing Removed — HCMLS
• 2022-03-17 Relisted — HCMLS
• 2022-03-17 Listing Removed — HCMLS
• 2022-01-25 Listed $148,000 HCMLS
• 2020-07-17 Listing Removed — HCMLS
• 2020-05-19 Listing Removed — HCMLS
• 2020-05-19 Listed $138,000 HCMLS
• 2020-02-05 Listing Removed — HCMLS
• 2020-02-05 Listed $149,000 HCMLS
• 2020-02-04 Relisted — HCMLS
• 2019-07-22 Listing Removed — HCMLS
• 2019-07-22 Listed $149,000 HCMLS