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    58 Florida St, Unit 2 Elizabeth, NJ 07206

    For Sale
    $610,000

    Two-family property in Elizabeth, NJ with strong rental income.

    Lot size:
    0.06 Acres

    Property Features for 58 Florida St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2018

    Source: SIGNATURE REALTY NJ Agent STEPHANIE RANGEL

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

    Overview

    Elizabeth Multifamily Investment Opportunity

    This multi-family property in Elizabeth, NJ, features two spacious units and a bonus attic bedroom. The first-floor unit is currently rented. The second-floor unit is move-in ready and features two bedrooms plus a finished attic suitable for a third bedroom or home office. Updated water heaters and windows are among the property's highlights. Each unit has separate utilities. Street parking is available, and public transportation is nearby. The property's location provides convenient access to major highways, trains, and buses, making it suitable for commuters.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1959313
    Latitude
    40.6481672

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    FAQs

    What type of property is this?
    Duplex - Two-family property in Elizabeth, NJ with strong rental income.
    Where is this duplex located?
    The property is located at 58 Florida St, Unit 2 Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $610,000.
    What are key features of this property?
    This property features: - Strong rental income potential: two units, with one currently rented, provide immediate income.; - Move-in ready second floor unit: offers immediate occupancy or rental potential.; - Finished attic: adds a versatile space for a third bedroom or home office.
    (973) 921-1111
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    58 Florida St, Unit 2 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
    58 Florida St, Unit 2 Elizabeth, NJ 07206
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