Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Elizabeth St 6 Dover, NJ 7801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,000 /Mo

    Renovated 2-bedroom apartment in a 5-unit building, Dover, NJ.

    Type:Multi Family
    Lot size:
    0.15 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 20 at 12:02 pm

    Property Features for 2 Elizabeth St 6

    General Information

    Standard status
    Active
    Lot size
    0.15 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    RUDY RIVERON

    Listing agent RUDY RIVERON

    Listing office

    Listing date Mar 24, 2026

    Source Elliman

    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 RUDY RIVERON

    Overview

    Renovated 2-Bedroom Apartment For Rent

    This renovated 2-bedroom apartment is located on the first floor of a 5-unit building. The updated kitchen features ample cabinets. New laminate flooring is installed throughout the apartment. Laundry facilities are available in the building with coin-operated washing and drying machines. A storage unit is included in the basement. Rent covers the cost of heat and water. Off-street parking is available. The property is located in Dover, NJ. Total occupancy is limited to 3 people.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.565638
    Latitude
    40.8837573

    Nearby Similar for Lease

    • Contact for pricing

      Standalone Brick Building in Dover

      Commercial space suitable for HVAC or similar business.
      118 Lincoln Ave, Dover Town, NJ 07801-2816
      View Details
    • Contact for pricing

      Standalone Brick Building For Rent

      1500 sqft standalone brick building zoned for HVAC with equipment.
      118 Lincoln Ave, Dover Town, NJ 07801
      View Details
    • Contact for pricing

      Crash Champions Auto Property

      Auto shop and car wash in Dover, New Jersey.
      238 US-46, Dover, NJ 07801
      View Details
    • Contact for pricing

      Main Street Retail/Office Space

      Versatile space in a vibrant downtown setting.
      9 E Blackwell St, Dover Town, NJ 07801
      View Details
    • Contact for pricing

      Retail Space Near Rockaway Mall

      Retail space near Rockaway Town Square with high-income demographics.
      400 Enterprise Drive, Dover, NJ
      View Details
    • Contact for pricing

      Freestanding Retail Building For Rent

      Freestanding retail building with shared parking and easy highway access.
      550 Mount Pleasant Ave, Dover, NJ
      View Details
    • Contact for pricing

      Flex Industrial Space For Lease

      15,000 SF flex space with direct access to Route 10.
      Randolph, NJ 07869
      View Details
    • $8/mo

      Dover Flex/Industrial Space Available

      Flex/Industrial space available for lease in Dover, New Jersey.
      26 Richboynton Rd, Dover, NJ
      View Details
    • Contact for pricing

      Retail Space Near Rockaway Mall

      Retail space near Rockaway Town Square with high-income demographics.
      300 Enterprise Dr, Dover, NJ
      View Details
    • Contact for pricing

      Dover Retail Space Available

      2,596 SF retail space available for lease.
      437 US Hwy 46, Dover, NJ
      View Details
    • Contact for pricing

      Retail Space on Corner Location

      High-visibility retail space with full access and turning motions.
      88 E Mcfarlan St, Dover, NJ
      View Details
    • $22/mo

      Randolph Office Space For Rent

      Office space available for lease in Randolph, New Jersey.
      477 NJ-10, Randolph, NJ
      View Details

    FAQs

    What type of property is this?
    Apartment building - Renovated 2-bedroom apartment in a 5-unit building, Dover, NJ.
    Where is this apartment building located?
    The property is located at 2 Elizabeth St 6 Dover, NJ.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Rent includes heat and water; Renovated 2‑bedroom apartment; Updated kitchen with ample cabinets
    We can help!
    Listing Contact
    RUDY RIVERON
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!