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419-425 Elizabeth Ave
Elizabethport, NJ 07206
Multifamily Property For Sale
·
10 Units
Executive Summary
16 RENTAL UNITS | 14,684SF | 0.225±AC | 3 BUILDINGS
Corcoran Sawyer Smith is pleased to present 419-423-425 Elizabeth Avenue, a rare three-building mixed-use investment assembled on a single 9,801± SF tax lot along one of Elizabeth port's primary commercial corridors. The offering totals 14,684± SF of gross building area across eight commercial units and eight residential apartments, delivering a diversified, fully-occupied rent roll with immediate, stabilized income.
419 Elizabeth Avenue is a retail building with three storefronts and a studio apartment. 423 Elizabeth Avenue is a two-story, five-unit apartment building set at the rear of the site. 425 Elizabeth Avenue is a mixed-use building with five commercial suites — including a long-term church tenant on the second floor — plus two rear apartments. Elizabeth Avenue is a heavily trafficked feeder road to the Union County central business district, lined with dense mixed-use retail and steps from the elevated NJ Turnpike.
An ideal opportunity for a local or regional investor seeking a diversified, income-producing asset with multiple tenants, functional redundancy, and long-term upside in a supply-constrained, transit-connected North Jersey submarket.
Corcoran Sawyer Smith is pleased to present 419-423-425 Elizabeth Avenue, a rare three-building mixed-use investment assembled on a single 9,801± SF tax lot along one of Elizabeth port's primary commercial corridors. The offering totals 14,684± SF of gross building area across eight commercial units and eight residential apartments, delivering a diversified, fully-occupied rent roll with immediate, stabilized income.
419 Elizabeth Avenue is a retail building with three storefronts and a studio apartment. 423 Elizabeth Avenue is a two-story, five-unit apartment building set at the rear of the site. 425 Elizabeth Avenue is a mixed-use building with five commercial suites — including a long-term church tenant on the second floor — plus two rear apartments. Elizabeth Avenue is a heavily trafficked feeder road to the Union County central business district, lined with dense mixed-use retail and steps from the elevated NJ Turnpike.
An ideal opportunity for a local or regional investor seeking a diversified, income-producing asset with multiple tenants, functional redundancy, and long-term upside in a supply-constrained, transit-connected North Jersey submarket.
Property Facts
| Price Per Unit | $243,600 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8% | Lot Size | 0.23 AC |
| No. Units | 10 | Building Size | 14,680 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Zoning | R2 | ||
| Price Per Unit | $243,600 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 14,680 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | R2 |
Property Taxes
| Parcel Number | 04-00005-0000-00278 | Improvements Assessment | $1,937,200 |
| Land Assessment | $262,800 | Total Assessment | $2,200,000 |
Property Taxes
Parcel Number
04-00005-0000-00278
Land Assessment
$262,800
Improvements Assessment
$1,937,200
Total Assessment
$2,200,000
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