Mixed-Use Multifamily
For Sale
$1,199,000
459 Fulton St, Elizabeth, NJ 07206
MULTI_FAMILY - Elizabeth City, NJ
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$479.60
Days on Market108
Property Features for 459 Fulton St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 7, Bathroom 1
Directions
From the New Jersey Turnpike Exit 13A to NJ-439 N, right on South Front St, left on Fulton St, to 459 on right.
Standard status
Active
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
24698
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Number of units
4
Listing Agency:
SERHANT NEW JERSEY LLC
(973) 315-5959
Listed By:
MASSIMO CHIRICHIELLO
(908) 656-1650
Added: Apr 15
Changed: Jul 13
Last Checked: Jul 31 at 12:06AM
MLS# 4021061
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 mixed-use multifamily building at 459 Fulton St, Elizabeth City, NJ 07206-2223 combines a ground-floor commercial/warehouse area with three residential units on the second and third floors. The ground floor offers 2,500 SF of commercial/warehouse space with 14' ceilings, rolling garage doors, a 1/2 bath, and a private office with a flexible layout suited for a variety of uses.
Above, the second and third floors include three large residential units: two spacious 1-bedroom apartments and one oversized two-story 6-bedroom, 2-bath unit with an eat-in kitchen and two living rooms. All units feature central air and in-unit laundry.
There are no leases in place; tenants are month-to-month. The property is being offered as a mixed-use investment with redevelopment or owner-occupier potential, based on the current configuration.
Above, the second and third floors include three large residential units: two spacious 1-bedroom apartments and one oversized two-story 6-bedroom, 2-bath unit with an eat-in kitchen and two living rooms. All units feature central air and in-unit laundry.
There are no leases in place; tenants are month-to-month. The property is being offered as a mixed-use investment with redevelopment or owner-occupier potential, based on the current configuration.
Key Highlights
- 2,500 SF ground‑floor commercial/warehouse space with 14' ceilings and rolling garage doors
- Mixed‑use building with 3 residential units: two 1‑bedroom apartments and one oversized 6‑bedroom, 2‑bath unit
- 6‑bedroom unit offers an eat‑in kitchen and two living rooms
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 | $72.0k | $28.80 |
| − Vacancy | −$4.0k | −$1.58 |
| EGI | $68.0k | $27.22 |
| − OpEx | −$20.4k | −$8.16 |
| NOI | $47.6k | $19.05 |
2,500 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$680.4K
$595.4K – $793.8K
NOI $47,628 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$605.9K
$530.2K – $706.9K
NOI $42,412 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$926.0K
$810.2K – $1.08M
NOI $64,819 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 07206, NJ
30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Ground-floor commercial/warehouse space with rolling garage doors plus three residential units above, each with central air and in-unit laundry.
Where is this quadplex located?
The property is located at 459 Fulton St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2,500 SF ground‑floor commercial/warehouse space with 14' ceilings and rolling garage doors; Mixed‑use building with 3 residential units: two 1‑bedroom apartments and one oversized 6‑bedroom, 2‑bath unit; 6‑bedroom unit offers an eat‑in kitchen and two living rooms
