Listed by Marcus & Millichap - New Jersey
$1,600,000
Elmora Section - 9 Units
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,519
Cap Rate 7.00%
NOI $111,532
Occupancy 100%
Tenancy Multi
Year Built 1910
Acreage 0.220
Zoning R-2
Parking Spaces 16 spaces
Parking Per SqFt 2.90
About This Property
Investment highlights
- 100% Occupied Multifamily Asset Located in Elizabeth, Union County, New Jersey
- Well- Maintained Property Featuring 9 Residential Apartments With On- Site Parking
- Off- Street Parking Lot- 16 Spots Generating Additional Income
- Positioned Near Elmora Avenue, One of Elizabeth’s Primary Commercial Corridors
- Excellent Regional Connectivity with Convenient Access to Major Highways and Transportation Routes
- Located Within A Dense And Affluent Trade Area With Strong Demographics: 261K People With An Average Income Over $102k Within 3 Miles Of Subject Property
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,532.00
$9,294.33/mo
Valuation Metrics
0
DSCR
6.97%
Cap Rate
6.97%
ROI
Map
Zoning
R-2 ResidentialTwo FamilyTwo Family Residential
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View all 29 uses
View all 29 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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