Mixed-Use Retail and Residential
416 S 5TH ST Unit 123 Elizabeth, NJ 07206
416 S 5TH ST Unit 123, Elizabeth, NJ, 07206
$1,130,000
For Sale
$1,130,000
Street-level storefront with two apartments above, offering flexible owner-user or investor configuration subject to approvals.
Property Size2,613 SF
Price / SF$432.45
Days on Market65
Property Features for 416 S 5TH ST Unit 123
General Information
- Standard status
- Active
- Size
- 2,613 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1958
Listing agency
COLDWELL BANKER LIBERTY
(908) 210-1249
Listed by
MARIANNA L. PEREIRA
(908) 210-1249
Source
Xome
Added: May 19 Updated: Jul 10 at 1:56PM Checked: Jul 15 at 12:57PM
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 COLDWELL BANKER LIBERTY
Investment Insights
Based on property information with market context.
This mixed-use building includes a first-floor commercial storefront with street-level visibility, plus two residential apartments on the second floor. The residential portion consists of one 2-bedroom unit and one 3-bedroom unit, each described as having practical layouts and comfortable living space. The commercial space is suited for a variety of professional or retail uses, with the specific use subject to municipal approvals.
The property is located at 416 S 5th St in Elizabeth, with convenient access to local shops, transportation, major roadways, and nearby amenities. The storefront’s street-level presentation is intended to support customer-facing business activity.
For owner-users and investors, the layout allows day-to-day commercial operations on the ground floor while retaining income-producing residential units above. Buyers should review permitted use, zoning, and any municipal requirements during due diligence, as the ability to operate the storefront as desired is subject to approval. This configuration may appeal to those looking to combine business and rental housing within a single property.
The property is located at 416 S 5th St in Elizabeth, with convenient access to local shops, transportation, major roadways, and nearby amenities. The storefront’s street-level presentation is intended to support customer-facing business activity.
For owner-users and investors, the layout allows day-to-day commercial operations on the ground floor while retaining income-producing residential units above. Buyers should review permitted use, zoning, and any municipal requirements during due diligence, as the ability to operate the storefront as desired is subject to approval. This configuration may appeal to those looking to combine business and rental housing within a single property.
Key Highlights
- Mixed‑use property with a first‑floor commercial storefront and two residential apartments on the second floor
- Two residential units: one 2‑bedroom unit and one 3‑bedroom unit
- Central air cooling; tile flooring; rubber roof
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 | $75.3k | $28.80 |
| − Vacancy | −$4.1k | −$1.58 |
| EGI | $71.1k | $27.22 |
| − OpEx | −$21.3k | −$8.16 |
| NOI | $49.8k | $19.05 |
2,613 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$711.2K
$622.3K – $829.7K
NOI $49,781 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$633.3K
$554.1K – $738.8K
NOI $44,329 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$967.8K
$846.9K – $1.13M
NOI $67,749 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ines flowers
(Bike/Boat/Book/etc) Store
Hair Style By ...
Barber Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Ines flowers — 527richomnd. st, 2, elizabeth, nj 07202
- Lily of the Valley Flowers & Gifts — 603 S Broad St, Elizabeth, NJ 07202
- Emilio's Bayway Florist — 557 Bayway, Elizabeth, NJ 07202
- Mini Super Flower Shop — 60 Second St, Elizabeth, NJ 07206
- Flowers by Naturalia — 31 Florida St, Elizabeth, NJ 07206
FAQs
What type of property is this?
Storefront property - Street-level storefront with two apartments above, offering flexible owner-user or investor configuration subject to approvals.
Where is this storefront property located?
The property is located at 416 S 5TH ST Unit 123 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Mixed‑use property with a first‑floor commercial storefront and two residential apartments on the second floor; Two residential units: one 2‑bedroom unit and one 3‑bedroom unit; Central air cooling; tile flooring; rubber roof
