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    Mixed-Use Building with Street-Level Storefront Title is generated by Realmo AI

    416 S 5Th St, Elizabeth, NJ 07206

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    For Sale
    $1,200,000

    Multi-Family, 2-Two Story - Elizabeth City, NJ

    Lot size:
    0.06 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 7 at 12:06 am

    Property Features for 416 S 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Kitchen, Living Room
    Interior features
    Carbon Monoxide Detector, Smoke Detector
    Fireplace
    1
    Appliances
    Oven - Gas, Range, Refrigerator
    Standard status
    Active
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12811

    Utilities

    Heating system
    Baseboard, Fireplace(s), Forced Air, Hot Water (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Number of units
    3
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    MARIANNA L. PEREIRA

    Listing agent MARIANNA L. PEREIRA

    Listing office COLDWELL BANKER LIBERTY 67 ELMORA AVE, ELIZABETH, NJ

    Listing date Jun 3, 2026

    MLS# 4032760 Listing URL

    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

    • Mixed‑use building at 416 S 5th St with a first‑floor commercial storefront and two residential apartments on the second floor
    • Second‑floor apartments include one 2‑bedroom unit and one 3‑bedroom unit
    • Built in 1954 with brick construction and a rubber roof
    • Central air cooling plus multiple heating types, including baseboard, forced air, and hot water (heating)
    • Fireplace included, along with smoke detectors and a carbon monoxide detector
    • Kitchen appliances include an oven (gas), range, and refrigerator

    Overview

    This two-story mixed-use building includes a first-floor commercial storefront with street-level presence, plus two residential apartments on the second floor. The residential portion features one 2-bedroom unit and one 3-bedroom unit, each arranged for independent living within the same structure. The property configuration supports an owner-operator setup as well as a traditional landlord model, subject to applicable requirements for the commercial space.

    Located at 416 S 5th St in Elizabeth City, Union County, NJ, the storefront benefits from direct, street-level visibility. The listing notes convenient access to local shops, transportation, major roadways, and nearby amenities, positioning the property for day-to-day convenience for both retail/commercial customers and residents.

    The commercial storefront is described as a flexible space for a variety of professional or retail uses, with the understanding that permitted uses will require municipal approvals. With two separate residential units above, the building can appeal to investors seeking a combined income profile or to buyers who want to operate a business while also holding rental housing in the same asset. As stated in the remarks, the buyer is responsible for all due diligence regarding permitted use, zoning, and municipal requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ines flowers (Bike/Boat/Book/etc) Store Hair Style By ... Barber Shop

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.20578
    Latitude
    40.65119

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use property with a first-floor storefront and two residential units above, supporting combined business and rental income.
    Where is this mixed-use property located?
    The property is located at 416 S 5Th 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: Mixed‑use building at 416 S 5th St with a first‑floor commercial storefront and two residential apartments on the second floor; Second‑floor apartments include one 2‑bedroom unit and one 3‑bedroom unit; Built in 1954 with brick construction and a rubber roof
    (908) 527-1711
    We can help!
    Listing Contact
    MARIANNA L. PEREIRA
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    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.

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