Mixed-Use Income
For Sale
Contact for pricing
Pending
902 Grove Street, Elizabeth, NJ 07202
Mixed-use building with one retail store and two 2-bedroom apartments, generating current rental income.
Property SizeContact for details
Days on Market144
Property Features for 902 Grove Street
General Information
Standard status
Pending
Property subtype
Special Purpose
Additional Details
Cap Rate
6%
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Competitive Edge
(908) 791-1010
Listed By:
NADEEM QAVI · License #1109799
Source:
Crexi
Added: Apr 11
Changed: Aug 16
Last Checked: Aug 31 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Competitive Edge
Investment Insights
Based on property information with market context.
This mixed-use income property features one store along with two separate 2-bedroom apartments. The building is currently operated with month-to-month tenants.
As reported, the store rent is $2,800 per month, and each apartment rents for $1,000 per month. Tenants pay all utilities except water and sewer.
The seller notes rents are below market and could be increased. The property is described as being in a convenient location, with access noted as approximately 15 minutes to a train station.
As reported, the store rent is $2,800 per month, and each apartment rents for $1,000 per month. Tenants pay all utilities except water and sewer.
The seller notes rents are below market and could be increased. The property is described as being in a convenient location, with access noted as approximately 15 minutes to a train station.
Key Highlights
- Mixed‑use building with 1 store and 2 two‑bedroom apartments.
- Current gross rents: store $2,800 plus Apt 1 $1,000 and Apt 2 $1,000.
- Stated cap rate of 6%.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 07202, NJ
43,389
Population
15,866
Households
2.7
Avg Household Size
36
Median Age
13%
College-Educated
76%
High-School Grad
2.3 sq mi
ZIP Area
18,865
Density / Sq Mi
$68,071
Median Household Income
$40,505
Median Earnings
$1,508
Median Rent
$358,000
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 - Mixed-use building with one retail store and two 2-bedroom apartments, generating current rental income.
Where is this duplex located?
The property is located at 902 Grove Street Elizabeth, NJ.
What are key features of this property?
This property features: Mixed‑use building with 1 store and 2 two‑bedroom apartments.; Current gross rents: store $2,800 plus Apt 1 $1,000 and Apt 2 $1,000.; Stated cap rate of 6%.
