312 S Spring St, Elizabeth, NJ 07201
Multi-Family, 2-Two Story - Elizabeth City, NJ
- Added:
- Jun 15, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 17 at 12:06 am
Property Features for 312 S Spring St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 2,439 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9941
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent NICHOLAS WALSH (973) 539-6300
Listing office RE/MAX SELECT ONE MADISON AVE, Morristown, NJ (973) 539-6300
Listing date Jun 15, 2026
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Legal 2‑family home with 2,439 sq ft of living space
- Unit 1: 3 bedrooms and 2 full baths
- Unit 2: 3 bedrooms and 1 full bath
- Finished basement plus finished attic for additional flexible living space
- Approximately 0.8 miles from Elizabeth Train Station
- Vinyl siding; asphalt/shingle roof; baseboard and electric heating; basement present
Overview
The home is located at 312 S Spring St in Elizabeth, New Jersey, in Union County. It is approximately 0.8 miles from the Elizabeth Train Station and is described as being close to shopping, dining, parks, and major roadways, supporting convenient day-to-day access.
The finished basement and attic can be useful for tenants or occupants seeking extra room beyond the main unit layouts. Prospective buyers should note that the basement bathroom, the kitchen stove, and the two bedroom walls will need to be removed to pass the Certificate of Occupancy with the town. This item should be reviewed early so that planning and timelines can be aligned with the home’s CO requirements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.2k | $28.80 |
| − Vacancy | −$3.9k | −$1.58 |
| EGI | $66.4k | $27.22 |
| − OpEx | −$19.9k | −$8.16 |
| NOI | $46.5k | $19.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.20805
- Latitude
- 40.65903
