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    159 2Nd St Elizabeth, NJ 07206

    For Sale
    $499,000

    Duplex in Elizabeth City, ideal for investors or owner-occupants.

    Lot size:
    0.06 Acres

    Property Features for 159 2Nd St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    9999

    Source: WORLD CLASS REALTY GROUP Agent JUAN CAMILO VICTORIA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Investment Opportunity in Elizabeth City

    This property presents an investment opportunity for owner-occupants or investors. Priced to reflect the need for updates, it offers the potential to build equity. The property features a flexible layout and a finished attic in conjunction with the second floor. It is suitable for various financing options, including 203k renovation loans, conventional financing, cash, or hard money. The property is sold as-is. The configuration allows for either living in one unit and renting the other, or maximizing returns by renting both units.
    Location Intelligence

    Current Use by Public Records

    Keratina Marly Beauty Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1867584
    Latitude
    40.6514116

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    FAQs

    What type of property is this?
    Duplex - Duplex in Elizabeth City, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 159 2Nd St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Investment opportunity with potential for equity building.; - Flexible layout with potential for dual occupancy or rental income.; - Finished attic and second floor provide extra living space.
    (908) 364-4000
    Request Owner's contact information
    159 2Nd St Elizabeth, NJ 07206
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    Elizabeth, NJ 07206
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    Realmo Value Estimation

    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.

    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.

    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
    159 2Nd St Elizabeth, NJ 07206
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