Updated Multi-Family Property, Elizabeth
452 Marshall St, Elizabeth, NJ 07206
2-Two Story, 3-Three Story, Multi-Family - Elizabeth City, NJ
Property size:
2,390 SFLot size:
0.06 Acres- Added:
- Apr 2, 2026
- Days on Market:
- 51
- Last Refresh:
- May 22 at 1:06 am
Property Features for 452 Marshall St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Family Room, Kitchen, Laundry
- Parking
- 2
- Basement Y/N
- 1
- Standard status
- Pending
- Size
- 2,390 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11585
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2004
- Number of units
- 2
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent JOSEPH GARCIA (908) 233-9292
Listing office RE/MAX SELECT 137 ELMER STREET, Morristown, NJ (908) 233-9292
Listing date Apr 2, 2026
MLS# 4018158
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.
HighLights
- Two updated, move‑in ready units offering immediate income potential for investors or owner‑occupants.
- Six bedrooms and five bathrooms across both units, suitable for large families or rental income.
- Finished basement provides additional living or recreational space.
- Separate utilities for each unit, maximizing cash flow potential.
- Convenient location near major transportation, shopping, and local amenities.
- Built in 2004 with central air conditioning.
Overview
This 2-family property in Elizabeth City, NJ, presents an opportunity for investors and owner-occupants. The property contains a total of 6 bedrooms and 5 bathrooms across both units. A finished basement provides additional living or recreational space. Both units have been updated and are move-in ready. The property's layout and separate utilities make it suitable for maximizing cash flow. The property is located near major transportation, shopping, and local amenities. The lot size is 0.06 acres and the property size is 2390 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$505.9K
NOI $45,532 @ 9.00% cap · cautious / downside scenario
Moderate
$650.5K
NOI $45,532 @ 7.00% cap · market / base-case scenario
Aggressive
$910.6K
NOI $45,532 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.8k | $28.80 |
| − Vacancy | −$3.8k | −$1.58 |
| EGI | $65.0k | $27.22 |
| − OpEx | −$19.5k | −$8.16 |
| NOI | $45.5k | $19.05 |
2,390 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$650.5K
$569.2K – $758.9K
NOI $45,532 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$579.2K
$506.8K – $675.8K
NOI $40,545 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$885.2K
$774.6K – $1.03M
NOI $61,967 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.19693
- Latitude
- 40.65415
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in ready 2-family property with income potential near transportation.
Where is this duplex located?
The property is located at 452 Marshall St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two updated, move‑in ready units offering immediate income potential for investors or owner‑occupants.; Six bedrooms and five bathrooms across both units, suitable for large families or rental income.; Finished basement provides additional living or recreational space.
