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109 Orchard St 4 Unit Apartment Building $975,000 ($243,750/Unit) 7% Cap Rate Elizabeth, NJ 07208
Investment Highlights
- Located on a desirable R-3A mixed-use lot, allowing multi-family use with potential mixed-use flexibility (buyer to verify)
- Situated in the heart of Elizabeth near parks, schools, shopping, major highways, and public transportation to NYC.
- Four-family building with 9 bedrooms, 4 full baths, and two vacant units, offering immediate value-add opportunity.
Executive Summary
Distinguished 4-family residence in the heart of Elizabeth, offering scale, flexibility, and long-term potential. Featuring a total of 9 bedrooms and 4 full bathrooms, and zoned for mixed use. The property is presently operated as a 4-unit residential building, with potential to revert to mixed-use pending review and approval by the Township of Elizabeth. This property presents a compelling opportunity for investors and owner-occupants seeking to add value. There are 2 vacant units. Generous layouts, high ceilings, and abundant natural light provide a strong foundation that preserves the classic architectural character. Situated on a desirable R-3A mixed-use lot in one of Union County's most established neighborhoods, the property benefits from proximity to parks, schools, shopping, dining, and essential services. Commuters enjoy convenient access to major highways, public transportation, and routes to New York City. Whether envisioned as an owner-occupied residence with supplemental income or a strategically positioned investment, this property offers versatility, location, and upside for buyers focused on long-term growth.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 04-00013-0000-01012 | Total Assessment | $540,800 |
| Land Assessment | $139,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $401,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
04-00013-0000-01012
Land Assessment
$139,200
Improvements Assessment
$401,600
Total Assessment
$540,800
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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109 Orchard St
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