Duplex with Finished
For Sale
$699,999
Pending
733 Jackson Ave, Elizabeth, NJ 07201
Multi-Family, 3-Three Story, Elizabeth City, NJ
Property Size2,002 SF
Lot Size0.10 Acres
Days on Market103
Property Features for 733 Jackson Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 2
Parking
1
Patio and Porch features
Porch
Exterior features
Open Porch(es), Sidewalk
Directions
Between North Ave + Louisa St
Standard status
Pending
Size
2,002 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10760
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1916
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL
(855) 450-0442
Listed By:
PETER MORIELLO
Added: May 13
Changed: Aug 19
Last Checked: Aug 23 at 11:06AM
MLS# 4027470
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.
733 Jackson Ave is a duplex offering two separate residential units in an older, well-maintained building built in 1916. The first-floor unit includes two bedrooms and one full bathroom. The second-floor unit provides three bedrooms and one bathroom. Additional space is available in a finished basement with a separate entrance, and there is also a bonus finished attic area suited for storage, recreation, or flexible living space.
Exterior features include a porch and sidewalks. The property also includes a detached one-car garage and private yard space. Utilities servicing the home include public water and public sewer, with hot water baseboard heating and a shingle roof.
The layout supports a variety of occupancy and rental approaches, with unit-level bedroom and bathroom counts and an accessory finished basement entry that can help provide practical separation of space.
Exterior features include a porch and sidewalks. The property also includes a detached one-car garage and private yard space. Utilities servicing the home include public water and public sewer, with hot water baseboard heating and a shingle roof.
The layout supports a variety of occupancy and rental approaches, with unit-level bedroom and bathroom counts and an accessory finished basement entry that can help provide practical separation of space.
Key Highlights
- Duplex built in 1916 with 2,002 SF total building area
- First‑floor unit: 2 bedrooms and 1 full bathroom
- Second‑floor unit: 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,820
$762.8K
Cap Rate 7%
$544,871
$544.9K
Cap Rate 9%
$423,789
$423.8K
Market Conditions
NOI Build-Up for 2,002 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.7K $28.80/SF
− Vacancy
−$3.2K −$1.58/SF
EGI
$54.5K $27.22/SF
− OpEx
−$16.3K −$8.16/SF
NOI
$38.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,820
Cap Rate 7%
$544,871
Cap Rate 9%
$423,789
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,141 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$485.2K
$424.5K – $566.1K
NOI $33,963 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$741.5K
$648.8K – $865.1K
NOI $51,907 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,039
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
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 - Two-family duplex built in 1916 with a finished basement with separate entrance and public water and sewer.
Where is this duplex located?
The property is located at 733 Jackson Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Duplex built in 1916 with 2,002 SF total building area; First‑floor unit: 2 bedrooms and 1 full bathroom; Second‑floor unit: 3 bedrooms and 1 bathroom
