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Updated Three-Unit Multifamily Property
For Sale
$749,000

229 Clark Pl, Elizabeth, NJ 07206

Three-level income property with a vacant, renovated unit and flexible bonus rooms throughout.

Property SizeContact for details
Days on Market10

Property Features for 229 Clark Pl

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $11,133

Building Details

Year Built 1900
Units 3
Listed By: JAVIER DIAZ TOMAS
Source: Elliman
Added: Sep 18 Changed: Sep 25 Last Checked: Sep 26 at 9:21AM

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 JAVIER DIAZ TOMAS

Investment Insights

Based on property information with market context.

This three-unit multifamily property in Elizabeth includes nine bedrooms and three bathrooms, with each floor offering a kitchen and an additional bonus room. The second-floor residence is vacant and has been refreshed with new appliances, an updated kitchen, a new bathroom, updated lighting, and tile and vinyl flooring.

A semi-finished walk-out basement provides two separate entrances, substantial head height, three new boilers, three water heaters, four electric meters, and sanitary connections for a possible fourth bathroom. Exterior features include a front porch and backyard. The property was built in 1900 and has a bike score of 53, a walk score of 77, and a transit score of 34.

Key Highlights

  • Three‑unit property with 9 bedrooms and 3 bathrooms
  • Vacant second‑floor unit with updated kitchen, bathroom, appliances, lighting, tile, and vinyl flooring
  • Each floor includes a kitchen and bonus room

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Daycare Center Accounting Firm Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

942
Businesses Nearby

Demographics for 07206, NJ

30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-level income property with a vacant, renovated unit and flexible bonus rooms throughout.
Where is this triplex located?
The property is located at 229 Clark Pl Elizabeth, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three‑unit property with 9 bedrooms and 3 bathrooms; Vacant second‑floor unit with updated kitchen, bathroom, appliances, lighting, tile, and vinyl flooring; Each floor includes a kitchen and bonus room
More about this property
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