Residential Duplex with
New
For Sale
$720,000
50 Reid St, Elizabeth, NJ 07201
Multi-Family, Duplex-Side by Side, Elizabeth City, NJ
Property Size2,052 SF
Lot Size0.06 Acres
Price / SF$350.88
Days on Market2
Property Features for 50 Reid St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Patio and Porch features
Patio, Deck
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Intercom, Smoke Detector
Exterior features
Deck, Patio
Lot features
Irregular Lot
Directions
50 Reid St, Elizabeth, NJ
Standard status
Active
Size
2,052 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9746
Building Details
Number of units
2
Architectural style
Other
Listing Agency:
COLDWELL BANKER LIBERTY · Coldwell Banker Real Estate
Listed By:
ASTRID VELASQUEZ
(908) 527-1711
Added: Oct 9
Last Checked: Oct 10 at 8:06AM
MLS# 4057975
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.
Investment Insights
Based on property information with market context.
This residential duplex contains 2,052 square feet and six bedrooms. Interior features include an intercom, carbon monoxide detector, fire extinguisher, and smoke detector. Outdoor areas include a deck and patio, and the property is being sold as-is.
The 0.06-acre property is in Elizabeth, near shopping, restaurants, public transportation, and major highways.
The 0.06-acre property is in Elizabeth, near shopping, restaurants, public transportation, and major highways.
Key Highlights
- 2,052‑square‑foot duplex with six bedrooms
- 0.06‑acre property in Elizabeth, NJ
- Deck and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,093
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,860
$781.9K
Cap Rate 7%
$558,471
$558.5K
Cap Rate 9%
$434,367
$434.4K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$59.1K $28.80/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$55.8K $27.22/SF
− OpEx
−$16.8K −$8.16/SF
NOI
$39.1K $19.05/SF
Area
Elizabeth, NJ
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,860
Cap Rate 7%
$558,471
Cap Rate 9%
$434,367
Alternative Uses
Best Use
Multifamily LT 5
$558.5K
$488.7K – $651.6K
NOI $39,093 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$497.3K
$435.1K – $580.2K
NOI $34,811 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$760.1K
$665.1K – $886.7K
NOI $53,204 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 07201, NJ
29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes a deck and patio, with shopping, dining, transit, and major highways nearby.
Where is this duplex located?
The property is located at 50 Reid St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 2,052‑square‑foot duplex with six bedrooms; 0.06‑acre property in Elizabeth, NJ; Deck and patio
