Duplex with Finished Lower
For Sale
$679,999
Pending
1039 Anna St, Elizabeth, NJ 07201
Multi-Family, 3-Three Story, Elizabeth City, NJ
Property Size2,836 SF
Lot Size0.07 Acres
Days on Market100
Property Features for 1039 Anna St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Basement, Bedroom 7, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, Smoke Detector
Exterior features
Patio, Privacy Fence
Fencing
Privacy
Subdivision
North Elizabeth
Directions
Exit 13A to North Ave East. Left on North Ave, continue to Magnolia. Right on Catherine, left on Anna. Or Route 1/9 to North Ave East to Magnolia.
Standard status
Pending
Size
2,836 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9982
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating)
Water source
Public
Amenities
enclosed backyard
high ceilings
Building Details
Year built
1915
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
BHGRE ELITE
(908) 316-8530
Listed By:
ANGELA ZORRO-JUAREZ · License #300503
(908) 316-8530
Added: May 14
Changed: Aug 19
Last Checked: Aug 21 at 11:06PM
MLS# 4027804
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 2,836-square-foot duplex, built in 1915, includes two residential units with separate entrances and individual utilities. The living spaces feature bedrooms, full bathrooms, and eat-in kitchens, while additional finished areas include an attic with a kitchen and full bathroom and a basement with another full bathroom. High ceilings, public water, public sewer, and hot-water heating are also included.
The property occupies 0.07 acres and has an enclosed backyard with privacy fencing and a patio. NJ Transit bus stops are approximately 3 minutes away, with the Elizabeth NJ Transit train station about 5 minutes from the property. Access to the Garden State Parkway, Route 1/9, and I-278 is nearby, and Newark Airport is approximately 10 minutes away.
The property occupies 0.07 acres and has an enclosed backyard with privacy fencing and a patio. NJ Transit bus stops are approximately 3 minutes away, with the Elizabeth NJ Transit train station about 5 minutes from the property. Access to the Garden State Parkway, Route 1/9, and I-278 is nearby, and Newark Airport is approximately 10 minutes away.
Key Highlights
- Two‑family duplex with 2,836 square feet of property size
- Separate entrances and utilities for both residential units
- Finished attic with eat‑in kitchen and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,029
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,580
$1.1M
Cap Rate 7%
$771,843
$771.8K
Cap Rate 9%
$600,322
$600.3K
Market Conditions
NOI Build-Up for 2,836 SF
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.
Gross rent
$81.7K $28.80/SF
− Vacancy
−$4.5K −$1.58/SF
EGI
$77.2K $27.22/SF
− OpEx
−$23.2K −$8.16/SF
NOI
$54.0K $19.05/SF
Area
Elizabeth, NJ
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,580
Cap Rate 7%
$771,843
Cap Rate 9%
$600,322
Alternative Uses
Best Use
Multifamily LT 5
$771.8K
$675.4K – $900.5K
NOI $54,029 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$687.3K
$601.4K – $801.9K
NOI $48,112 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.05M
$919.1K – $1.23M
NOI $73,531 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 07201, NJ
29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate utilities, private entrances, and additional finished areas for flexible living arrangements.
Where is this duplex located?
The property is located at 1039 Anna St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $679,999.
What are key features of this property?
This property features: Two‑family duplex with 2,836 square feet of property size; Separate entrances and utilities for both residential units; Finished attic with eat‑in kitchen and full bathroom
