423 Jersey Avenue, Elizabeth, NJ 07202
For sale multifamily asset in Elizabeth, NJ, offered for investors evaluating residential income opportunities.
- Added:
- Jun 18, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 24 at 3:20 am
Property Features for 423 Jersey Avenue
General Information
- Standard status
- Active
- Size
- 5,519 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing office Marcus & Millichap - New Jersey
Listing date Jun 18, 2026
Source Crexi
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 Marcus & Millichap - New Jersey
HighLights
- Multifamily property listed for sale in Elizabeth, NJ
- Built in 1910
Overview
Located at 423 Jersey Avenue in Elizabeth, New Jersey (07202), the offering is presented as a straightforward acquisition opportunity centered on a residential income-oriented asset. No additional site or building details are provided in the current information set, so potential buyers should review the full offering materials to confirm the specific building layout, unit configuration, and condition.
As a multifamily asset classified for residential income use, this property may be of interest to investors, owner-operators, and brokers looking to expand or diversify a multifamily portfolio in the Elizabeth market. Because the provided information does not include unit count, amenities, or operating details, buyers should perform their due diligence on rent roll, expenses, and any building-specific considerations before making an investment decision.
Local Financial Insights For Apartment 5plus
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 | $178.8k | $32.40 |
| − Vacancy | −$8.6k | −$1.56 |
| EGI | $170.2k | $30.84 |
| − OpEx | −$76.6k | −$13.88 |
| NOI | $93.6k | $16.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.2300499
- Latitude
- 40.662183
