738 Edgar Road, Elizabeth, NJ 07202
MULTI_FAMILY - Elizabeth, NJ
- Added:
- Jun 17, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 20 at 5:06 am
Property Features for 738 Edgar Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Patio and Porch features
- Patio
- Interior features
- Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room)
- Exterior features
- Patio
- Appliances
- Water Heater(See Remarks, Gas), Water Heater
- Standard status
- Active
- APN
- 0400442000000009
- Size
- 1,736 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6790
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Hot Water(Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
Listing agent Peter Boutros License #1756043 (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY RD SUITE 1, Montclair, NJ (866) 201-6210
Listing date Jun 17, 2026
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two 2‑bedroom units, each with 1 full bath and a kitchen and living room layout
- Full basement with additional storage and potential for expansion
- Private patio for outdoor space
- Wall unit cooling and hot water/other heating
- Public water and public sewer
- Built in 1920
Overview
Located in Elizabeth, New Jersey, the property is described as conveniently near major highways and public transportation, along with shopping, dining, and schools. This makes it well-suited for residents who need straightforward commuting options and quick access to daily amenities.
The layout supports a range of living and ownership scenarios. Owner-occupants can choose to live in one unit while renting the other, maintaining independent unit setups under one roof. Investors may also consider renting both units to match their operating strategy, with the full basement and private backyard offering additional practical value to tenants. Overall, it’s positioned as an income-producing residential duplex with updated interiors, two complete unit configurations, and usable lower-level storage.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.0k | $28.80 |
| − Vacancy | −$2.7k | −$1.58 |
| EGI | $47.2k | $27.22 |
| − OpEx | −$14.2k | −$8.16 |
| NOI | $33.1k | $19.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.2225055
- Latitude
- 40.6499896
