Custom-Built Multifamily
117-119 Stiles St, Elizabeth, NJ 07208
- Added:
- Mar 25, 2026
- Days on Market:
- 105
- Last Refresh:
- Jul 7 at 2:06 pm
Property Features for 117-119 Stiles St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bedroom 8, Bathroom 5, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3
- Parking
- 2
- Patio and Porch features
- Patio
- Interior features
- Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors
- Exterior features
- Patio, FencPriv, FencVnyl
- Fencing
- Fenced
- Standard status
- Pending
- Size
- 3,960 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18153
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2013
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent DULCE RUIVO License #572453 (973) 598-1700
Listing office RE/MAX HERITAGE PROPERTIES 294 MAIN STREET, Flanders, NJ (908) 879-4700
Listing date Mar 25, 2026
MLS# 4016603
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
- Custom‑built multifamily home with nearly 2,000 sq ft per unit, offering significant living space.
- First‑floor unit is a duplex with the ground level, featuring 5 bedrooms and 3 full bathrooms, including a primary suite with a double‑sink vanity.
- Finished ground level connected to the first floor includes a recreation room, full bathroom, office, and bonus room.
- Second‑floor unit offers 4 bedrooms and 2 full bathrooms with a similar layout to the first floor.
- Large double lot with a paved backyard enclosed by a privacy fence, ideal for outdoor entertaining.
- Convenient location near Kean University, NYC transportation, major highways, and shopping.
Overview
This custom-built multifamily duplex offers two separate units with a finished ground level connected to the first-floor layout. The first-floor unit includes five bedrooms and three full bathrooms, with an expansive living room, a modern kitchen featuring granite countertops and a peninsula, and an open dining area. The large primary suite includes a double-sink vanity bathroom, and the unit provides direct access to the ground level, which contains a huge recreation room, a full bathroom, an office, and a bonus room. The second-floor unit has four bedrooms and two full bathrooms, with a living and dining area, and a kitchen with granite countertops.
Set on a large double lot, the property is enclosed by a privacy fence and includes a beautifully paved backyard. It is located in the Elmora/Kean University area of Elizabeth, with access to NYC train and bus transportation, major highways, and nearby shopping.
With central A/C and heating, hardwood floors throughout, and a laundry room in each unit, the configuration supports comfortable, self-contained living for residents in both the first- and second-floor apartments, while the finished ground level adds flexible interior space for day-to-day use.
Set on a large double lot, the property is enclosed by a privacy fence and includes a beautifully paved backyard. It is located in the Elmora/Kean University area of Elizabeth, with access to NYC train and bus transportation, major highways, and nearby shopping.
With central A/C and heating, hardwood floors throughout, and a laundry room in each unit, the configuration supports comfortable, self-contained living for residents in both the first- and second-floor apartments, while the finished ground level adds flexible interior space for day-to-day use.
Local 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 | $114.0k | $28.80 |
| − Vacancy | −$6.3k | −$1.58 |
| EGI | $107.8k | $27.22 |
| − OpEx | −$32.3k | −$8.16 |
| NOI | $75.4k | $19.05 |
3,960 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.0K – $1.26M
NOI $75,443 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$959.7K
$839.8K – $1.12M
NOI $67,180 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,674 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.22514
- Latitude
- 40.67147
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Custom duplex structure with two units, central HVAC, in-unit laundry, and finished ground-level recreation space.
Where is this duplex located?
The property is located at 117-119 Stiles St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Custom‑built multifamily home with nearly 2,000 sq ft per unit, offering significant living space.; First‑floor unit is a duplex with the ground level, featuring 5 bedrooms and 3 full bathrooms, including a primary suite with a double‑sink vanity.; Finished ground level connected to the first floor includes a recreation room, full bathroom, office, and bonus room.
