Elizabeth Multifamily Investment
For Sale
Contact for pricing
307 Bond St, Elizabeth, NJ 07206
Six-unit residential building in a densely populated Elizabeth neighborhood.
Property Size3,921 SF
Lot Size0.05 Acres
Price / SF$274.16
Days on Market250
Property Features for 307 Bond St
General Information
Standard status
Active
Size
3,921 SF
Lot size
0.05 Acres
Property subtype
Multifamily
Net Operating Income
$98,171
Building Details
Year Built
1900
Buildings
1
Stories
3
Units
6
Listing Agency:
Horvath & Tremblay
Listed By:
Michael Lombardi · License #0569706
(201) 215-1801
Source:
Crexi
Added: Jan 29
Changed: Oct 5
Last Checked: Oct 5 at 3:10PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,518
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,360
$1.3M
Cap Rate 7%
$950,257
$950.3K
Cap Rate 9%
$739,089
$739.1K
Market Conditions
NOI Build-Up for 3,921 SF
Gross rent
$127.0K $32.40/SF
− Vacancy
−$6.1K −$1.56/SF
EGI
$120.9K $30.84/SF
− OpEx
−$54.4K −$13.88/SF
NOI
$66.5K $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%
$1,330,360
Cap Rate 7%
$950,257
Cap Rate 9%
$739,089
Alternative Uses
Best Use
Apartment 5plus
$950.3K
$831.5K – $1.11M
NOI $66,518 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,662 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,286
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
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
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Frequently Asked Questions
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 $1,075,000.
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.
