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    149 Elmora Ave Elizabeth, NJ 07202

    For Sale
    $1,550,000

    Mixed-use property featuring apartments and retail spaces with income potential.

    Building Details

    Year built
    9999

    Source: EXIT REALTY LUCKY ASSOCIATES Agent ANTONIO COSTA

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

    Overview

    Mixed-Use Property in Elizabeth City

    This mixed-use property features three apartments and two stores, accompanied by a 400-square-foot garage. The property includes a front and rear unfinished basement. The property generates a monthly income of $9,150.00. Each unit has separate utilities. Renovations have been completed in recent years, including electrical work in 2013 and a new roof in 2021. Three hot water tanks were installed in 2021. The property features vinyl windows and a concrete backyard. An easement on the left side provides drive-through access for parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Locker Room Couture Jewelry Store Union Multiservices Money Transfer Service Vigo Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2332764
    Latitude
    40.6621237

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    FAQs

    What type of property is this?
    Apartment building - Mixed-use property featuring apartments and retail spaces with income potential.
    Where is this apartment building located?
    The property is located at 149 Elmora Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - $9,150.00 monthly income; - Features 3 apartments and 2 stores; - Each unit has separate utilities
    (908) 289-7746
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    149 Elmora Ave Elizabeth, NJ 07202
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    Elizabeth, NJ 07202
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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
    149 Elmora Ave Elizabeth, NJ 07202
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