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Newer Two-Family Home with Solar
For Sale
$875,000
Pending

808 Livingston St, Elizabeth, NJ 07201

Two separate residences with private utilities, central HVAC, laundry facilities, and off-street parking support flexible occupancy arrangements.

Property Size2,800 SF
Days on Market49

Property Features for 808 Livingston St

General Information

Standard status Pending
Size 2,800 SF
Property subtype Multi Family

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $14,164

Amenities

central heating and air conditioning
laundry facilities
solar panel system
recreation area

Building Details

Year Built 2020
Units 2
Listed By: FELIX NAZARIO
Source: Elliman
Added: Aug 20 Changed: Oct 6 Last Checked: Oct 5 at 7:32PM

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 FELIX NAZARIO

Investment Insights

Based on property information with market context.

Built in 2020, this duplex contains approximately 2,800 square feet arranged as two three-bedroom residences. Each unit includes two full bathrooms, separate utilities, central heating and air conditioning, and laundry facilities. The lower residence also provides a first-floor recreation area with a full bathroom, laundry and utility space, and entry to a built-in 2-car garage. The upper residence is occupied under a month-to-month lease.

The property includes a fully owned solar panel system, with no solar lease to assume. Off-street parking adds convenience for both residences. Located in Elizabeth, the home offers access to public transportation, major highways, shopping, dining, and Newark Liberty International Airport. WalkScore is 83, BikeScore is 59, and TransitScore is 43.

Key Highlights

  • Two 3‑bedroom, 2‑bathroom residences in a 2020‑built duplex
  • Approximately 2,800 square feet of living space
  • Lower unit includes recreation area, full bathroom, laundry space, and built‑in 2‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$53,343
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,860 $1.1M
Cap Rate 7%
$762,043 $762.0K
Cap Rate 9%
$592,700 $592.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$80.6K $28.80/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$76.2K $27.22/SF
− OpEx
−$22.9K −$8.16/SF
NOI
$53.3K $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%
$1,066,860
Cap Rate 7%
$762,043
Cap Rate 9%
$592,700

Alternative Uses

Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K (±1% cap)
NOI $53,343 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$678.6K
$593.8K – $791.7K (±1% cap)
NOI $47,501 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.04M
$907.5K – $1.21M (±1% cap)
NOI $72,598 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Luxury Relocation Services ... Moving Company

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,942
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences with private utilities, central HVAC, laundry facilities, and off-street parking support flexible occupancy arrangements.
Where is this duplex located?
The property is located at 808 Livingston St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom residences in a 2020‑built duplex; Approximately 2,800 square feet of living space; Lower unit includes recreation area, full bathroom, laundry space, and built‑in 2‑car garage
More about this property
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