4-Unit Multifamily
668 Clarkson Ave 4, Elizabeth, NJ 07202
For Sale
$995,000
Four two-bedroom apartments offer separate living rooms and eat-in kitchens, with additional finished attic and basement space.
Property Size3,946 SF
Price / SF$252.15
Days on Market64
Property Features for 668 Clarkson Ave 4
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
GROUP TWENTY SIX LLC
Listed By:
RICHARD CAPAC
(201) 969-2626
Source:
Tkregroupinc
Added: Sep 7
Changed: Nov 1
Last Checked: Nov 8 at 10:46AM
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 GROUP TWENTY SIX LLC
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Investment Insights
Based on property information with market context.
Built in 1925, this 3,946-square-foot multifamily property contains four apartments, each with two bedrooms, one full bathroom, a living room, and an eat-in kitchen. A finished attic adds interior space, and the walk-in basement is split into two sections. On-site car parking is also included.
The property is in Elizabeth, near major highways, public transportation, shopping, and dining.
The property is in Elizabeth, near major highways, public transportation, shopping, and dining.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 full bathroom
- 3,946 square feet; built in 1925
- Finished attic and walk‑in basement divided into two sections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,176
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,503,520
$1.5M
Cap Rate 7%
$1,073,943
$1.1M
Cap Rate 9%
$835,289
$835.3K
Market Conditions
NOI Build-Up for 3,946 SF
Gross rent
$113.6K $28.80/SF
− Vacancy
−$6.3K −$1.58/SF
EGI
$107.4K $27.22/SF
− OpEx
−$32.2K −$8.16/SF
NOI
$75.2K $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%
$1,503,520
Cap Rate 7%
$1,073,943
Cap Rate 9%
$835,289
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$939.7K – $1.25M
NOI $75,176 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$956.3K
$836.8K – $1.12M
NOI $66,942 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,311 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
874
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
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Market
Properties on Market for Quadplexes in Union County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments offer separate living rooms and eat-in kitchens, with additional finished attic and basement space.
Where is this quadplex located?
The property is located at 668 Clarkson Ave 4 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 full bathroom; 3,946 square feet; built in 1925; Finished attic and walk‑in basement divided into two sections
