Newer Two-Family Home with
New
For Sale
$875,000
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
Price / SF$312.50
Days on Market4
Property Features for 808 Livingston St
General Information
Standard status
Active
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
Listing Agency:
(609) 716-8400
Listed By:
FELIX NAZARIO
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 8:48AM
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.
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 = 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
$53,343
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
6.10%
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%
$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
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
$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 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%
$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
NOI $53,343 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$678.6K
$593.8K – $791.7K
NOI $47,501 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.04M
$907.5K – $1.21M
NOI $72,598 @ 7.0% cap · market cap 8.30%
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
1,942
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 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
