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Two-Unit Duplex with Studio Space
New
For Sale
$799,000
Pending

42 S 5Th St, Elizabeth, NJ 07206

Residential income property with two three-bedroom apartments and adaptable ground-level space.

Property SizeContact for details
Days on Market6

Property Features for 42 S 5Th St

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $11,206

Building Details

Year Built 1990
Units 2
Listing Agency:
Listed By: MELISSA CEBALLOS
Source: Elliman
Added: Aug 26 Changed: Aug 29 Last Checked: Aug 30 at 11:07PM

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 MELISSA CEBALLOS

Investment Insights

Based on property information with market context.

Built in 1990, this duplex contains two residential units, each arranged with three bedrooms, one full bathroom, and functional living areas. A bonus studio at ground level adds adaptable space for uses such as a home office, guest suite, recreation area, or additional living space, as supported by the property layout.

The property is located at 42 S 5th St in Elizabeth, NJ. Shopping, restaurants, public transportation, schools, major highways, and everyday amenities are identified as accessible from the property. WalkScore is 83, placing the location in the Very Walkable category; BikeScore is 59, classified as Bikeable, and TransitScore is 43, classified as Some Transit.

Key Highlights

  • Two‑unit duplex with three bedrooms and one full bathroom in each unit
  • Bonus ground‑level studio space for office, guest, recreation, or living use
  • Built in 1990

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Dental Office Locksmith Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,464
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Residential income property with two three-bedroom apartments and adaptable ground-level space.
Where is this duplex located?
The property is located at 42 S 5Th St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms and one full bathroom in each unit; Bonus ground‑level studio space for office, guest, recreation, or living use; Built in 1990
More about this property
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