Three-Story Residential Income
For Sale
$760,000
504 Bond St, Elizabeth, NJ 07206
Residential zoning and natural gas service are noted for this three-level property.
Property Size2,100 SF
Price / SF$361.90
Days on Market38
Property Features for 504 Bond St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Residential Income
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$8,987
Amenities
Natural Gas
Unfinished
Gas Water Heater
Walk-In Closet(s)
3-Three Story
Building Details
Year Built
1931
Stories
3
Listed By:
RICHARD CAPAC
(908) 583-4402
Source:
Evrealestate
Added: Aug 29
Changed: Sep 28
Last Checked: Oct 5 at 4:48PM
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 RICHARD CAPAC
Investment Insights
Based on property information with market context.
This three-story residential income property was built in 1931 and is zoned residential. Interior features include a walk-in closet and a gas water heater, with natural gas also listed. The property includes unfinished space.
The address is 504 Bond St in Elizabeth City, New Jersey, between E 6th St and 5th St.
The address is 504 Bond St in Elizabeth City, New Jersey, between E 6th St and 5th St.
Key Highlights
- Three‑story residential income property
- Built in 1931
- Zoned residential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,626
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,520
$712.5K
Cap Rate 7%
$508,943
$508.9K
Cap Rate 9%
$395,844
$395.8K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$68.0K $32.40/SF
− Vacancy
−$3.3K −$1.56/SF
EGI
$64.8K $30.84/SF
− OpEx
−$29.1K −$13.88/SF
NOI
$35.6K $16.96/SF
Area
Elizabeth, NJ
Vacancy
4.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,520
Cap Rate 7%
$508,943
Cap Rate 9%
$395,844
Alternative Uses
Best Use
Apartment 5plus
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.8K
$680.6K – $907.5K
NOI $54,448 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Residential zoning and natural gas service are noted for this three-level property.
Where is this residential income property located?
The property is located at 504 Bond St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Three‑story residential income property; Built in 1931; Zoned residential
