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119 Clark Pl 4 Unit Apartment Building $899,000 ($224,750/Unit) Elizabethport, NJ 07206
Investment Highlights
- Four-unit multi-family building on a 30x100 lot with off-street parking and a one-car garage.
- Features include enclosed porches, privacy fencing, thermal windows, and window treatments.
- Gas-baseboard heating and eat-in kitchens in all units enhance residential comfort.
- Convenient access to the NJ Turnpike, public transportation, and local retail.
- Utilities include public water, public sewer, and in-street gas service with cable TV availability.
- Located in an established residential area within commuting distance to regional employment hubs.
Executive Summary
Located at 119 Clark Place in Elizabeth, NJ, this four-unit residential property presents an attractive investment opportunity or an option for owner-occupancy. Each unit offers functional layouts with bedrooms and eat-in kitchens, complemented by features like blinds, window treatments, and smoke detection systems. Enclosed porches, privacy fences, and thermal windows enhance comfort and livability, while off-street parking with a one-car driveway and a detached garage add to the property’s practicality.
The asset is positioned within a well-connected neighborhood with proximity to key commuter routes, including quick access to the New Jersey Turnpike. Public transit, local retail, and community amenities are available nearby, making the property appealing to tenants and residents alike. Essential utilities such as electric, gas, water, and sewer are in place, while heat is provided through gas-powered baseboard systems. With stable regional rental demand and minimal comparable inventory, this property represents a compelling opportunity for investors seeking steady income potential in a vibrant Northern New Jersey market.
The asset is positioned within a well-connected neighborhood with proximity to key commuter routes, including quick access to the New Jersey Turnpike. Public transit, local retail, and community amenities are available nearby, making the property appealing to tenants and residents alike. Essential utilities such as electric, gas, water, and sewer are in place, while heat is provided through gas-powered baseboard systems. With stable regional rental demand and minimal comparable inventory, this property represents a compelling opportunity for investors seeking steady income potential in a vibrant Northern New Jersey market.
Property Facts
| Price | $899,000 | Apartment Style | Low-Rise |
| Price Per Unit | $224,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Sale Condition | High Vacancy Property | Building Size | 3,174 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $899,000 |
| Price Per Unit | $224,750 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,174 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 04-00818-0000-00027 | Improvements Assessment | $448,900 |
| Land Assessment | $150,000 | Total Assessment | $598,900 |
Property Taxes
Parcel Number
04-00818-0000-00027
Land Assessment
$150,000
Improvements Assessment
$448,900
Total Assessment
$598,900
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119 Clark Pl