173 3Rd St Elizabeth, NJ 07206
MULTI_FAMILY - Elizabeth City, NJ
- Added:
- May 12, 2026
- Days on Market:
- 63
- Last Refresh:
- Jul 13 at 7:06 pm
Property Features for 173 3Rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 3, Bathroom 1
- Standard status
- Active
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16567
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1924
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Flat
- Architectural style
- Other
Listing agent JAZMINE CLAUSEN-SOIR (908) 316-8530
Listing office BHGRE ELITE 181 NORTH AVE. E, Cranford, NJ (908) 316-8530
Listing date May 12, 2026
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.
The property is located in the Elizabeth Port section of Elizabeth and is described as being convenient to major highways, shopping centers, Newark Liberty International Airport, IKEA, Jersey Gardens Mall, and public transportation with access to NYC commuter routes.
With a renovated commercial component on the main level and two finished residential units above, the building provides an owner the ability to operate and/or lease both spaces within a single structure.
Key Highlights
- Renovated mixed‑use brick building (1924) with approx. 2,300 sq ft of first‑floor commercial space
- Second floor features 2 fully renovated residential units, each with 3 bedrooms and modern eat‑in kitchens
- Brand new flooring throughout second‑floor units plus new bathrooms in both residential units
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 | $66.2k | $28.80 |
| − Vacancy | −$3.6k | −$1.58 |
| EGI | $62.6k | $27.22 |
| − OpEx | −$18.8k | −$8.16 |
| NOI | $43.8k | $19.05 |
