Elizabeth Multifamily Investment
307 Bond St, Elizabeth, NJ 07206
Six-unit residential building in a densely populated Elizabeth neighborhood.
Type:Multifamily
Property size:
3,921 SFLot size:
0.05 AcresPrice / SF:
$306/SF- Added:
- Jan 29, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 307 Bond St
General Information
- Standard status
- Active
- Size
- 3,921 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent Michael Agrifolio License #NJ 2189994
Listing office Horvath & Tremblay
Listing date Jan 29, 2026
Source Crexi
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 Horvath & Tremblay
HighLights
- Six residential units: five 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit.
- Located in a densely populated residential neighborhood in Elizabeth, NJ.
- Convenient access to area highways, public transportation, schools, and major employment areas.
- Proximity to The Mills at Jersey Gardens, New Jersey’s largest outlet mall.
- Located in Elizabeth, the fourth largest city in New Jersey, a suburb of New York City.
- 3,921 square feet of living area on a 0.05 acre parcel of land.
Overview
The property at 307 Bond Street in Elizabeth, New Jersey, is a three-story building featuring six residential units. The unit mix includes five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, totaling 3,921 square feet of living area. The building is situated on a 0.05-acre parcel of land in a densely populated residential neighborhood. Its location on Bond Street is adjacent to the intersection with 3rd Street, a primary commercial corridor. The property provides access to highways, public transportation, schools, and employment areas. It is also near The Mills at Jersey Gardens, a large outlet mall with over 200 stores, Staten Island, and Downtown Newark. Elizabeth is a suburb of New York City, located in Union County, approximately 15 miles southwest of New York City.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$739.1K
NOI $66,518 @ 9.00% cap · cautious / downside scenario
Moderate
$950.3K
NOI $66,518 @ 7.00% cap · market / base-case scenario
Aggressive
$1.33M
NOI $66,518 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.0k | $32.40 |
| − Vacancy | −$6.1k | −$1.56 |
| EGI | $120.9k | $30.84 |
| − OpEx | −$54.4k | −$13.88 |
| NOI | $66.5k | $16.96 |
3,921 SF · lease $32.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$950.3K
$831.5K – $1.11M
NOI $66,518 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,662 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Weddings By Monique
Wedding Service
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.1868319
- Latitude
- 40.6548038
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit residential building in a densely populated Elizabeth neighborhood.
Where is this apartment building located?
The property is located at 307 Bond St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six residential units: five 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit.; Located in a densely populated residential neighborhood in Elizabeth, NJ.; Convenient access to area highways, public transportation, schools, and major employment areas.
