Renovated Mixed-Use Investment
For Sale
$950,000
930 E Grand St, Elizabeth, NJ 07201
Fully renovated mixed-use property in central Elizabeth, NJ with income potential.
Property Size3,885 SF
Price / SF$244.53
Days on Market517
Property Features for 930 E Grand St
General Information
Standard status
Active
Size
3,885 SF
Taxes and HOA fees
Annual Taxes
$19,455
Building Details
Year Built
1909
Listing Agency:
3SIXTY REALTY LLC
Listed By:
JAMILLE HERNANDEZ
Source:
Corcoran
Added: May 23, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 3SIXTY REALTY LLC
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Investment Insights
Based on property information with market context.
This mixed-use property features four units and is located in Elizabeth, NJ. The property was renovated in 2022. The ground floor commercial unit is currently occupied by a grocery store. There are two residential units, each featuring three bedrooms, one full bathroom, a modern kitchen, and a living room. A one-bedroom unit located behind the grocery store will be delivered vacant at closing, providing options for owner occupancy or immediate leasing. The property is centrally located with access to transportation, shopping, dining, and major highways. The property is suitable for investors seeking a turnkey property with immediate cash flow. The property size is 3,885 square feet.
Key Highlights
- Fully renovated mixed‑use 4‑unit property offering immediate cash flow potential.
- Prime location in central Elizabeth, NJ, with high tenant demand.
- Includes a thriving ground‑floor commercial unit (grocery store).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,908
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,160
$1.3M
Cap Rate 7%
$941,543
$941.5K
Cap Rate 9%
$732,311
$732.3K
Market Conditions
NOI Build-Up for 3,885 SF
Gross rent
$125.9K $32.40/SF
− Vacancy
−$6.0K −$1.56/SF
EGI
$119.8K $30.84/SF
− OpEx
−$53.9K −$13.88/SF
NOI
$65.9K $16.96/SF
Area
Elizabeth, NJ
Vacancy
4.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,160
Cap Rate 7%
$941,543
Cap Rate 9%
$732,311
Alternative Uses
Best Use
Apartment 5plus
$941.5K
$823.9K – $1.10M
NOI $65,908 @ 7.0% cap · market cap 6.94%
Second Best
Specialty Retail
$887.4K
$776.4K – $1.04M
NOI $62,115 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,729 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,096
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully renovated mixed-use property in central Elizabeth, NJ with income potential.
Where is this mixed-use property located?
The property is located at 930 E Grand St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully renovated mixed‑use 4‑unit property offering immediate cash flow potential.; Prime location in central Elizabeth, NJ, with high tenant demand.; Includes a thriving ground‑floor commercial unit (grocery store).
