Five-Unit Multifamily
For Sale
$1,080,000
558 S Broad St Elizabeth City, Elizabeth, NJ 07202
Five-unit building on a 71x100 lot with two driveways, finished basement, and a two-year-old heating furnace.
Property SizeContact for details
Days on Market38
Property Features for 558 S Broad St Elizabeth City
General Information
Standard status
Active
Total Parking Spaces
15
Property subtype
Multi-Family
Net Operating Income
$67,900
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$23,913
Amenities
Asphalt Shingle
Additional Parking,Blacktop
Public Sewer
Union
Detached Garage,Oversize Garage
Active
2904
1 Unit
33
No
2025
Elizabeth City
Electric,Gas-Natural
Off Route 1&9 North
6
At closing
1925
18
42500
2
110400
23913
1185600
3-Three Story
14
67900
4
Finished,Walkout
Gas-Natural
3
1
8
Carbon Monoxide Detector,Range/Oven - Gas
Carbon Monoxide Detector,Range/Oven - Electric
1.0
1550
1500
Bedrooms,Eat-In Kitchen,Living Room
Public Water
71X100
0.16
Brick,Vinyl Siding
Building Details
Year Built
1925
Stories
2
Tenancy
Multi
Listing Agency:
(609) 891-3848
Listed By:
Jeffrey Weber
(609) 891-3848
Source:
Remaxwelcomehomenj
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 9 at 4:55AM
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 Jeffrey Weber
Investment Insights
Based on property information with market context.
This is a five-unit multifamily building configured with a mix of one-bedroom, studio, and two-bedroom apartments, plus a finished basement. The left side of the property includes a driveway for approximately five cars and a two-car garage with loft above. The garage loft is leased to a contractor, and two one-bedroom units are located on the first floor. A second-floor studio is also rented, along with two two-bedroom units on the upper level.
Parking is supported by two driveways for the left side and eight parking spaces on the right side of the property. The heating system consists of one furnace, stated to be approximately two years old, and it heats the entire building.
Current unit rents are provided in the remarks, with one-bedroom units at $3,600.00 total alongside other apartments rented at $1,000 and $1,500 each, as described. The remarks also note potential subdivision and new construction possibilities on the right side of the lot.
Parking is supported by two driveways for the left side and eight parking spaces on the right side of the property. The heating system consists of one furnace, stated to be approximately two years old, and it heats the entire building.
Current unit rents are provided in the remarks, with one-bedroom units at $3,600.00 total alongside other apartments rented at $1,000 and $1,500 each, as described. The remarks also note potential subdivision and new construction possibilities on the right side of the lot.
Key Highlights
- 5‑unit building on a 71x100 lot (0.16 acres) with 2 driveways and 8 parking spaces
- Finished, walkout basement plus one heating furnace that is 2 years old and heats the entire building
- Year built 1925 with exterior of brick and vinyl siding
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,829
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit building on a 71x100 lot with two driveways, finished basement, and a two-year-old heating furnace.
Where is this apartment building located?
The property is located at 558 S Broad St Elizabeth City Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: 5‑unit building on a 71x100 lot (0.16 acres) with 2 driveways and 8 parking spaces; Finished, walkout basement plus one heating furnace that is 2 years old and heats the entire building; Year built 1925 with exterior of brick and vinyl siding
