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Two-Family Residential Income Property

1039 Anna St Elizabeth, NJ 07201

Claim this Listing
Pending
$679,999

MULTI_FAMILY - Elizabeth City, NJ

Property size:
2,836 SF
Lot size:
0.07 Acres
Added:
May 14, 2026
Days on Market:
61
Last Refresh:
Jul 13 at 7:06 pm

Property Features for 1039 Anna St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
7
Bathrooms
4
Rooms
Bathroom 4, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 3, Basement, Bedroom 5, Bedroom 1
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, Smoke Detector
Exterior features
Patio, Privacy Fence
Fencing
Privacy
Standard status
Pending
Size
2,836 SF
Lot size
0.07 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
9982

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating)
Water source
Public

Building Details

Year built
1915
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other

Listing agent ANGELA ZORRO-JUAREZ License #300503

Listing office BHGRE ELITE 181 NORTH AVE. E, Cranford, NJ

Listing date May 14, 2026

MLS# 4027804 Listing URL

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-family residential income property is designed for flexible living, with each floor offering 2–3 spacious bedrooms, a full bath, and a large eat-in kitchen. Both units have separate entrances and separate utilities for added convenience and privacy. Additional finished space includes a vacant attic with an eat-in kitchen and full bath, as well as a vacant fully finished basement with a full bathroom.

The property also includes a generous enclosed backyard suited for outdoor use. The location is described as convenient to NJ Transit bus stops and the Elizabeth train station, with quick access to major routes including the Garden State Parkway, Route 1/9, and I-278. It is also positioned near major shopping and within stated commuting proximity to Newark Airport.

Overall, the layout combines two self-contained residential units with supplementary finished basement and attic spaces, supported by the property’s separate utility setup between the main units.

Key Highlights

  • Two‑family home built in 1915 with multiple living options and separate entrances plus separate utilities for each unit
  • Finished vacant attic and finished vacant basement, each adding additional living space with a full bath
  • Enclosed backyard with patio and privacy fence, providing private outdoor space

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $81.7k $28.80
− Vacancy −$4.5k −$1.58
EGI $77.2k $27.22
− OpEx −$23.2k −$8.16
NOI $54.0k $19.05
2,836 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$771.8K
$675.4K – $900.5K (±1% cap)
NOI $54,029 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$687.3K
$601.4K – $801.9K (±1% cap)
NOI $48,112 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.05M
$919.1K – $1.23M (±1% cap)
NOI $73,531 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Tanning Salon Veterinary Clinic (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store Restaurant Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family home features separate entrances and utilities, with full eat-in kitchens on both floors plus additional finished space.
Where is this duplex located?
The property is located at 1039 Anna St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $679,999.
What are key features of this property?
This property features: Two‑family home built in 1915 with multiple living options and separate entrances plus separate utilities for each unit; Finished vacant attic and finished vacant basement, each adding additional living space with a full bath; Enclosed backyard with patio and privacy fence, providing private outdoor space
Contact an agent
More about this property
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