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Two-Unit Residential Income Property
For Lease
$2,200/Mo

5 General Karge Court, Elizabeth, NJ 07202

Two-family residence with finished basement, summer kitchen, and HVAC for both units, plus an attached two-car garage.

Space SizeContact for details
Days on Market146

Property Features for 5 General Karge Court

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Residential Rental
Lease Term Lease Length: 1 Year

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $11,724

Amenities

1.0
5
No
Wood
2
1
Eat-In Kitchen, Formal Dining Room
Unfurnished
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Building Details

Year Built 1964
Listing Agency: NENO-ROSA AGENCY
Listed By: JASON DEBARBERIE · License #293673
Source: Compass
Added: Mar 17 Changed: Aug 8 Last Checked: Jul 30 at 12:42PM

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 NENO-ROSA AGENCY

Investment Insights

Based on property information with market context.

This two-family residential income property is located on a cul-de-sac and offers two separate units. Each unit includes a living room, dining room, full kitchen, full bath, bedroom, and a large primary bedroom. A finished basement supports the first-floor unit and includes a summer kitchen, laundry room, and an additional full bath.

The home is equipped with HVAC systems for both units, including forced hot air and central air. The property sits on a large lot and includes an attached two-car garage, along with parking for two vehicles in the driveway.

Key Highlights

  • Two‑family residence built in 1964 on a cul‑de‑sac with a large lot
  • Each unit offers a living room, dining room, full kitchen, full bath, bedroom, and large primary bedroom
  • Finished walkout basement with 1st floor unit; includes a summer kitchen, laundry room, and an additional full bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Garden Center Locksmith HVAC 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.

Lease Details

2
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,090
Businesses Nearby

Demographics for 07202, NJ

43,389
Population
15,866
Households
2.7
Avg Household Size
36
Median Age
13%
College-Educated
76%
High-School Grad
2.3 sq mi
ZIP Area
18,865
Density / Sq Mi
$68,071
Median Household Income
$40,505
Median Earnings
$1,508
Median Rent
$358,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two-family residence with finished basement, summer kitchen, and HVAC for both units, plus an attached two-car garage.
Where is this duplex located?
The property is located at 5 General Karge Court Elizabeth, NJ.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: Two‑family residence built in 1964 on a cul‑de‑sac with a large lot; Each unit offers a living room, dining room, full kitchen, full bath, bedroom, and large primary bedroom; Finished walkout basement with 1st floor unit; includes a summer kitchen, laundry room, and an additional full bath
More about this property
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