Two-Unit Duplex
153 S Park Street, Elizabeth, NJ 07206
For Sale
$579,000
Multi-Family, Elizabeth, NJ
Property Size1,826 SF
Lot Size0.05 Acres
Price / SF$317.09
Days on Market56
Property Features for 153 S Park Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
Listed By:
Robert Banjany
(732) 830-1535
Added: Sep 15
Changed: Nov 2
Last Checked: Nov 9 at 5:06AM
MLS# 22629089
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit duplex at 153 S Park Street provides 1,826 square feet of property size on a 0.05-acre lot. The layout includes one three-bedroom unit and one two-bedroom unit, with one full bathroom serving each residence. A basement is also included, and the building dates to 1900.
Property features include multi-unit cooling, off-street parking, public water, and public sewer. Located in Elizabeth, NJ 07206, the property offers a two-residence configuration suitable for occupying one unit while leasing the other or leasing both units.
Property features include multi-unit cooling, off-street parking, public water, and public sewer. Located in Elizabeth, NJ 07206, the property offers a two-residence configuration suitable for occupying one unit while leasing the other or leasing both units.
Key Highlights
- Two‑unit duplex with one three‑bedroom unit and one two‑bedroom unit
- 1,826 square feet on a 0.05‑acre lot
- Each unit includes one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,787
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,740
$695.7K
Cap Rate 7%
$496,957
$497.0K
Cap Rate 9%
$386,522
$386.5K
Market Conditions
NOI Build-Up for 1,826 SF
Gross rent
$52.6K $28.80/SF
− Vacancy
−$2.9K −$1.58/SF
EGI
$49.7K $27.22/SF
− OpEx
−$14.9K −$8.16/SF
NOI
$34.8K $19.05/SF
Area
Elizabeth, NJ
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,740
Cap Rate 7%
$496,957
Cap Rate 9%
$386,522
Alternative Uses
Best Use
Multifamily LT 5
$497.0K
$434.8K – $579.8K
NOI $34,787 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$442.5K
$387.2K – $516.3K
NOI $30,977 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$676.3K
$591.8K – $789.1K
NOI $47,344 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
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Business Placement
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
$339,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Elizabeth, NJ
Properties on Market for Duplexes in Elizabeth
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate three-bedroom and two-bedroom units each include one full bath for occupancy or leasing flexibility.
Where is this duplex located?
The property is located at 153 S Park Street Elizabeth, NJ.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑unit duplex with one three‑bedroom unit and one two‑bedroom unit; 1,826 square feet on a 0.05‑acre lot; Each unit includes one full bathroom
