Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Edison Triplex: Investment Opportunity Title is generated by Realmo AI

    973 Ellis Pkwy, Edison, NJ 08820

    View on Map
    Claim this Listing
    Pending
    $750,000

    Triplex, Multi-Family - Edison Twp., NJ

    Lot size:
    0.25 Acres
    Added:
    Feb 1, 2026
    Days on Market:
    106
    Last Refresh:
    May 18 at 9:06 am

    Property Features for 973 Ellis Pkwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen
    Parking
    4
    Parking features
    Driveway
    Standard status
    Pending
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10185

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1952
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    ADRIAN AGRAMONTE

    Listing agent ADRIAN AGRAMONTE

    Listing office BHGRE ELITE 181 NORTH AVE. EAST, Cranford, NJ

    Listing date Feb 1, 2026

    MLS# 4007685 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

    • Only Multifamily Property in Edison: Unique investment opportunity.
    • Three Well‑Maintained Units: Includes one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units.
    • Strong Income Potential: Ideal for generating rental income or owner‑occupancy with rental income.
    • Prime Edison Location: Convenient access to major highways, public transportation, shopping, and dining.
    • Multi Units Cooling: Each unit has its own cooling system.
    • Driveway Parking: Offers the convenience of on‑site parking.

    Overview

    Located in Edison, NJ, this three-family property presents an opportunity for investors and owner-occupants. The property features three units: one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. This layout offers flexible living arrangements and income potential. The property is located in a prime location with access to major highways, public transportation, shopping, and dining. The lot size is 0.25 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Edison
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.34215
    Latitude
    40.59866

    Nearby Similar for Sale

    • $1,400
      5,000 SF

      Professional Office Space in Edison

      Affordable commercial space in a high-demand Edison business corridor.
      6 Kilmer Road, Edison, NJ 08817
      View Details
    • $969,900
      3,250 SF

      Renovated Two-Family Home in Edison

      Completely renovated two-family home in Edison, ideal for investment.
      21 Market Street, Edison, NJ 08817
      View Details
    • $4,200
      24,000 SF

      Edison Office Space For Sale

      Office spaces available, suitable for medical, law, or general use.
      25 S Main Street, Edison, NJ 08837
      View Details
    • $1,500,000
      5,815 SF

      Edison Commercial Property For Sale

      Commercial property in Edison, NJ, ideal for various business ventures.
      37 Progress Street, Edison, NJ 08820
      View Details
    • $4,400
      1,900 SF

      Edison Retail Space Available

      Highly visible corner retail space in Edison, NJ.
      2595 Woodbridge Avenue, Edison, NJ 08817
      View Details
    • $1,500,000
      3,800 SF

      Edison Office Space Near Transit

      Move-in ready office space near Metro Park Train Station.
      2 State Route 27 Highway, Edison, NJ 08820
      View Details
    • $10,000
      5,815 SF

      Edison Commercial Flex Space Available

      Flex space available for sale in Edison, New Jersey.
      37 Progress Street, Edison, NJ 08820
      View Details
    • $179,900
      1,300 SF

      Fratelli Pizzeria Business Opportunity

      Turnkey pizzeria in Edison, NJ, renovated in 2025.
      999 Amboy Avenue, Edison, NJ 08837
      View Details
    • $5,000
      4,919 SF

      Oak Tree Road Commercial Space

      Two-story commercial space on Oak Tree Road in Edison.
      1818 Oak Tree Road, Edison, NJ 08820
      View Details
    • $9,000
      60,000 SF

      Edison Warehouse Space Available

      Two warehouse spaces available in North Edison with flexible layouts.
      3880 Park Avenue, Edison, NJ 08820
      View Details
    • $1,999,999

      Renovated Commercial Building in Edison

      Fully renovated commercial building in Edison's Raritan River district.
      1017 King Georges Post Road, Edison, NJ 08837
      View Details
    • $16
      5,000 SF

      Edison Commercial Flex Space

      Flex space available in Edison, New Jersey.
      54 Kellogg Court, Edison, NJ 08817
      View Details

    FAQs

    What type of property is this?
    Triplex - Rare three-unit property in Edison, NJ with income potential.
    Where is this triplex located?
    The property is located at 973 Ellis Pkwy Edison, NJ.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Only Multifamily Property in Edison: Unique investment opportunity.; Three Well‑Maintained Units: Includes one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units.; Strong Income Potential: Ideal for generating rental income or owner‑occupancy with rental income.
    (908) 316-8530
    We can help!
    Listing Contact
    ADRIAN AGRAMONTE
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    973 Ellis Pkwy, Edison Twp., NJ 08820-1379
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!