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    232-234 Niles St Elizabeth, NJ 07202

    For Sale
    $1,500,000

    Commercial - Elizabeth City, NJ

    Days on Market:
    194
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 232-234 Niles St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    mixed
    Rooms
    Basement
    Basement Y/N
    1

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1905
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Laminate, Tile
    Building materials
    Block, Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    All Jersey Realty,Inc. (908) 810-1811 [email protected]

    Listing agent MANUELA B CARVALHO (908) 810-1811

    Listing date May 28, 2025

    MLS# 3964059 Listing URL

    Copyright © 2025 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.

    Overview

    Elizabeth City Multifamily Investment Opportunity

    This multifamily property in Elizabeth City, NJ, presents an investment opportunity. The property features a mixed zoning designation. It comprises a two-family building and a four-family building. The two-family building includes one apartment with two bedrooms and another with three bedrooms. The four-family building consists of one one-bedroom apartment, two three-bedroom apartments, and one two-bedroom apartment. The annual taxes for the two-family building are $7,166.90, while the annual taxes for the four-family building are $10,283.78.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.20442
    Latitude
    40.65321

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Elizabeth City with income potential.
    Where is this apartment building located?
    The property is located at 232-234 Niles St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Two buildings included: a 2-family and a 4-family property.; - 2-Family Layout: Includes a 2-bedroom and a 3-bedroom apartment.; - 4-Family Layout: Consists of one 1-bedroom, two 3-bedroom, and one 2-bedroom apartment.
    (908) 810-1811
    Request Owner's contact information
    232-234 Niles St Elizabeth, NJ 07202
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    Elizabeth, NJ 07202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232-234 Niles St Elizabeth, NJ 07202
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