Renovated Mixed-Use Investment
930 E Grand St Elizabeth, NJ 07201
For Sale
$950,000
Fully renovated mixed-use property in central Elizabeth, NJ with income potential.
Property Size3,885 SF
Price / SF$244.53
Days on Market432
Property Features for 930 E Grand St
General Information
Standard status
Active
Size
3,885 SF
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
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 For Apartment 5plus
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 | $125.9k | $32.40 |
| − Vacancy | −$6.0k | −$1.56 |
| EGI | $119.8k | $30.84 |
| − OpEx | −$53.9k | −$13.88 |
| NOI | $65.9k | $16.96 |
3,885 SF · lease $32.40/SF/yr · vacancy 4.80% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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).
