Duplex with Finished
For Sale
$625,000
70 4th St, Elizabeth, NJ 07206
Two separate apartments each offer two bedrooms and one full bathroom.
Property Size2,191 SF
Price / SF$285.26
Days on Market41
Property Features for 70 4th St
General Information
Standard status
Active
Size
2,191 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Vinyl-Linoleum Floors
Metal Fence
Building Details
Building Size
2,191 SF
Year Built
1910
Units
2
Listing Agency:
Howard Hanna Rand Realty
(201) 567-5335
Listed By:
Geena Glasel
(845) 461-5453
Source:
Cammarotarealestate
Added: Sep 12
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Howard Hanna Rand Realty
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Investment Insights
Based on property information with market context.
This 2,191-square-foot duplex contains two apartments, each arranged with two bedrooms and one full bathroom. The finished attic adds a bathroom and opens onto a private deck, while the finished basement includes another full bathroom.
A fenced backyard is shared by the occupants. Built in 1910, the property is located in Elizabeth, New Jersey.
A fenced backyard is shared by the occupants. Built in 1910, the property is located in Elizabeth, New Jersey.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- Finished attic includes a bathroom and walk‑out access to a private deck
- Finished basement with an additional full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,741
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,820
$834.8K
Cap Rate 7%
$596,300
$596.3K
Cap Rate 9%
$463,789
$463.8K
Market Conditions
NOI Build-Up for 2,191 SF
Gross rent
$63.1K $28.80/SF
− Vacancy
−$3.5K −$1.58/SF
EGI
$59.6K $27.22/SF
− OpEx
−$17.9K −$8.16/SF
NOI
$41.7K $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%
$834,820
Cap Rate 7%
$596,300
Cap Rate 9%
$463,789
Alternative Uses
Best Use
Multifamily LT 5
$596.3K
$521.8K – $695.7K
NOI $41,741 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,170 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$811.5K
$710.1K – $946.8K
NOI $56,808 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments each offer two bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 70 4th St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; Finished attic includes a bathroom and walk‑out access to a private deck; Finished basement with an additional full bathroom
