Two-Story Residential Income
For Sale
$560,000
206 Clark Pl, Elizabeth, NJ 07206
Two-story residential income property with natural gas baseboard heating and partially finished interior areas.
Property Size1,998 SF
Price / SF$280.28
Days on Market201
Property Features for 206 Clark Pl
General Information
Standard status
Active
Size
1,998 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,359
Amenities
Baseboard, Natural Gas
Partially Finished, Unfinished
On Street
2-Two Story
Building Details
Year Built
1963
Stories
2
Listing Agency:
EXP REALTY, LLC
Listed By:
SEBASTIAN DIAZ MARTES · License #404380
(908) 249-5088
Source:
Evrealestate
Added: Mar 19
Changed: Oct 4
Last Checked: Oct 5 at 4:58PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This residential income property is a two-story structure built in 1963. Interior features include baseboard heating powered by natural gas, along with areas identified as partially finished and unfinished. On-street parking is available.
The property is located at 206 Clark Pl in Elizabeth City, New Jersey, within Union County. Access is described from 3rd Street, with westbound travel on Clark Pl toward Inslee Pl and the property positioned on the right.
The property is located at 206 Clark Pl in Elizabeth City, New Jersey, within Union County. Access is described from 3rd Street, with westbound travel on Clark Pl toward Inslee Pl and the property positioned on the right.
Key Highlights
- Two‑story residential income property
- Built in 1963
- Baseboard heating with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,895
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,900
$677.9K
Cap Rate 7%
$484,214
$484.2K
Cap Rate 9%
$376,611
$376.6K
Market Conditions
NOI Build-Up for 1,998 SF
Gross rent
$64.7K $32.40/SF
− Vacancy
−$3.1K −$1.56/SF
EGI
$61.6K $30.84/SF
− OpEx
−$27.7K −$13.88/SF
NOI
$33.9K $16.96/SF
Area
Elizabeth, NJ
Vacancy
4.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,900
Cap Rate 7%
$484,214
Cap Rate 9%
$376,611
Alternative Uses
Best Use
Apartment 5plus
$484.2K
$423.7K – $564.9K
NOI $33,895 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$740.1K
$647.6K – $863.4K
NOI $51,804 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - Two-story residential income property with natural gas baseboard heating and partially finished interior areas.
Where is this residential income property located?
The property is located at 206 Clark Pl Elizabeth, NJ.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑story residential income property; Built in 1963; Baseboard heating with natural gas
