Custom-Built Multifamily
117-119 Stiles St Elizabeth, NJ 07208
117-119 Stiles St, Elizabeth, NJ, 07208
$1,150,000
Pending
For Sale
$1,150,000
Pending
MULTI_FAMILY - Elizabeth City, NJ
Property Size3,960 SF
Lot Size0.13 Acres
Days on Market121
Property Features for 117-119 Stiles St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 8, Bedroom 5
- Parking
- 2
- Patio and Porch features
- Patio
- Interior features
- Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors
- Exterior features
- Patio, FencPriv, FencVnyl
- Fencing
- Fenced
- Standard status
- Pending
- Size
- 3,960 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18153
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2013
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
RE/MAX HERITAGE PROPERTIES
(908) 879-4700
Listed by
DULCE RUIVO · License #572453
(973) 598-1700
Added: Mar 25 Updated: Jul 18 at 1:10PM Checked: Jul 23 at 7:06AM
MLS# 4016603
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 custom-built multifamily duplex offers two separate units with a finished ground level connected to the first-floor layout. The first-floor unit includes five bedrooms and three full bathrooms, with an expansive living room, a modern kitchen featuring granite countertops and a peninsula, and an open dining area. The large primary suite includes a double-sink vanity bathroom, and the unit provides direct access to the ground level, which contains a huge recreation room, a full bathroom, an office, and a bonus room. The second-floor unit has four bedrooms and two full bathrooms, with a living and dining area, and a kitchen with granite countertops.
Set on a large double lot, the property is enclosed by a privacy fence and includes a beautifully paved backyard. It is located in the Elmora/Kean University area of Elizabeth, with access to NYC train and bus transportation, major highways, and nearby shopping.
With central A/C and heating, hardwood floors throughout, and a laundry room in each unit, the configuration supports comfortable, self-contained living for residents in both the first- and second-floor apartments, while the finished ground level adds flexible interior space for day-to-day use.
Set on a large double lot, the property is enclosed by a privacy fence and includes a beautifully paved backyard. It is located in the Elmora/Kean University area of Elizabeth, with access to NYC train and bus transportation, major highways, and nearby shopping.
With central A/C and heating, hardwood floors throughout, and a laundry room in each unit, the configuration supports comfortable, self-contained living for residents in both the first- and second-floor apartments, while the finished ground level adds flexible interior space for day-to-day use.
Key Highlights
- Custom‑built multifamily home with 2 units, built in 2013
- First‑floor unit: 5 bedrooms and 3 full bathrooms with direct access to a finished ground level
- Ground level includes a recreation room, full bathroom, office, and bonus room
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 | $114.0k | $28.80 |
| − Vacancy | −$6.3k | −$1.58 |
| EGI | $107.8k | $27.22 |
| − OpEx | −$32.3k | −$8.16 |
| NOI | $75.4k | $19.05 |
3,960 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.0K – $1.26M
NOI $75,443 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$959.7K
$839.8K – $1.12M
NOI $67,180 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,674 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Custom duplex structure with two units, central HVAC, in-unit laundry, and finished ground-level recreation space.
Where is this duplex located?
The property is located at 117-119 Stiles St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Custom‑built multifamily home with 2 units, built in 2013; First‑floor unit: 5 bedrooms and 3 full bathrooms with direct access to a finished ground level; Ground level includes a recreation room, full bathroom, office, and bonus room
