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    433 Elizabeth Ave Elizabeth, NJ 07206

    Sponsored
    For Sale
    $990,000

    High-yield mixed-use property in Elizabeth, NJ

    Property size:
    4,828 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 4,828 square foot mixed-use property located at 433 Elizabeth Avenue in Elizabeth, New Jersey, zip code 07206. Built in 2016, the property consists of a ground floor commercial space and two residential units. The ground floor features a 2,000 square foot storefront currently leased, with the lease expiring in February 2025. The second floor offers a spacious four-bedroom, two-bathroom residential unit under lease until December 2025. A cozy two-bedroom, one-bathroom unit occupies the third floor, currently on a month-to-month lease. All units, both commercial and residential, are currently rented below market value, presenting a significant opportunity to increase rental income. Each residential unit enjoys the convenience of a private entrance. The property's prime location offers easy access to shops, restaurants, and public transportation, making it an attractive proposition for tenants and investors alike. The asking price for this lucrative investment is $990,000. This property is ideal for investors seeking a strong return on investment in a vibrant and accessible location.

    Property Features for 433 Elizabeth Ave

    General Information

    Property type
    Retail properties
    Square Feet
    4,828 SF

    Building Details

    Year Built
    2016

    HighLights

    • 4,828 SF mixed‑use property in Elizabeth, NJ (07206).
    • Built in 2016, featuring a 2,000 SF ground floor commercial space (lease expiring February 2025).
    • Includes two residential units: a 4‑bed/2‑bath (lease expiring December 2025) and a 2‑bed/1‑bath (month‑to‑month).
    • Below‑market rents offer significant income upside potential.
    • Prime location with easy access to amenities and public transportation.
    • Asking price: $990,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elegant Look Beauty ... Beauty Salon

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1969179
    Latitude
    40.6532964

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    FAQs

    What type of property is this?
    Retail property - High-yield mixed-use property in Elizabeth, NJ
    Where is this retail property located?
    The property is located at 433 Elizabeth Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 4,828 SF mixed-use property in Elizabeth, NJ (07206).; Built in 2016, featuring a 2,000 SF ground floor commercial space (lease expiring February 2025).; Includes two residential units: a 4-bed/2-bath (lease expiring December 2025) and a 2-bed/1-bath (month-to-month).
    Request Owner's contact information
    433 Elizabeth Ave Elizabeth, NJ 07206
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    433 Elizabeth Ave
    Elizabeth, NJ 07206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    433 Elizabeth Ave Elizabeth, NJ 07206
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