Two-Family Income
907 Flora Street Elizabeth, NJ 07201
For Sale
$685,000
Renovated 2-family home offering two 4BR/1BA units, plus a finished basement with full bathroom.
Property Size1,100 SF
Price / SF$622.73
Days on Market169
Property Features for 907 Flora Street
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1910
Listing Agency:
SIGNATURE REALTY NJ
(973) 921-1111
Listed By:
YESENIA ALCIVAR · License #393106
(973) 921-1111
Source:
Compass
Added: Feb 4
Changed: Jul 23
Last Checked: Jul 23 at 7:21AM
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 SIGNATURE REALTY NJ
Investment Insights
Based on property information with market context.
This income-producing two-family home in Elizabeth offers two separate 4-bedroom, 1-bath units, each with renovated kitchens. The second-floor unit includes new flooring and fresh paint, along with a bonus attic room. A finished basement adds flexible extra living space and includes a full bathroom.
Recent updates include a roof replaced in 2020 and water heaters updated in 2025. The property is also described as having low taxes.
Conveniently located about 1 mile from the Elizabeth Train Station for an easy NYC commute, with minutes to Newark Liberty International Airport and close to shopping, restaurants, and everyday conveniences.
Recent updates include a roof replaced in 2020 and water heaters updated in 2025. The property is also described as having low taxes.
Conveniently located about 1 mile from the Elizabeth Train Station for an easy NYC commute, with minutes to Newark Liberty International Airport and close to shopping, restaurants, and everyday conveniences.
Key Highlights
- Income‑producing 2‑family home with two 4BR/1BA units
- Renovated kitchens and updated interiors, including new flooring and fresh paint on the 2nd floor
- Finished full basement with a full bathroom, plus a bonus attic room on the 2nd floor
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 | $31.7k | $28.80 |
| − Vacancy | −$1.7k | −$1.58 |
| EGI | $29.9k | $27.22 |
| − OpEx | −$9.0k | −$8.16 |
| NOI | $21.0k | $19.05 |
1,100 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$266.6K
$233.3K – $311.0K
NOI $18,661 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$407.4K
$356.5K – $475.3K
NOI $28,520 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated 2-family home offering two 4BR/1BA units, plus a finished basement with full bathroom.
Where is this duplex located?
The property is located at 907 Flora Street Elizabeth, NJ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Income‑producing 2‑family home with two 4BR/1BA units; Renovated kitchens and updated interiors, including new flooring and fresh paint on the 2nd floor; Finished full basement with a full bathroom, plus a bonus attic room on the 2nd floor
