For Multi Family

108 Orchard St,Elizabeth City, NJ 07208-3106

March 8, 2026

Exceptional income-producing investment opportunity in Elizabeth’s thriving Midtown/Elmora section. This well-maintained 3-unit property offers strong rental demand and consistent income potential, making it ideal for investors or owner-occupants. Each unit includes one dedicated parking space, modern kitchens and bathrooms, and spacious layouts. The property also features extra bonus space in the fully finished basement with its own private access, offering flexible use for storage or additional gathering space. All units are income-producing with reliable, long-term month-to-month tenants and a strong history of on-time rent payments. Perfect for an owner-occupant to live in one unit while renting the others to help offset the mortgage. Conveniently located near Kean University, NJ Transit, major highways, Newark Airport, and the Port of Elizabeth. This is a prime opportunity that will not last!

Property ID:PT-31006998-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 849,000 $

Bedrooms:8

Year Built:1900

Listing Details

Status: Active

Location

County: Union

Lotsize: 33X100

Lot Identifier: 23

Lot Description: Irregular Lot

Lot Identifier: 23

Home Details

Open Parking: 3

Basement: Yes

Renovated: 2019

Basmnt/Desc: Yes - Finished, Walkout

Acreage: 0.08

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 16

Easement/Desc: Yes

Exterior Description: Aluminum Siding

Roof Description: Asphalt Shingle

Possesion: 30-60

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 1250

Unit 1 Rent: 2300

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch

Unit 1 Security Deposit: 2300

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 910

Unit 2 Rent: 2300

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Security Deposit: 2300

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 3 Levels: 3

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 780

Unit 3 Rent: 1700

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Security Deposit: 1700

Garage Description: None

Block Identifier: 170

County Number: 29

Town Number: 2904

YB/Desc: 1900 - Renovated

Easement: Yes

Parking/Driveway Description: 1 Car Width, Blacktop, Driveway-Shared

Block Identifier: 170

County Number: 29

Town Number: 2904

Possession: 30-60

Taxes, Fees & Assessments

Gross Operating Income: 94800

Net Operating Income: 71300

Expense Include: Cold Water

Tax ID For Property: 2904-00170-0000-00023-0000-

Tax Amount: $10,445.00

Tax Year: 2024

Tax Rate: 1.924%

Tax Rate Year: 2025

Land Assessment: $144,500.00

Building Assessment: $398,400.00

Total Assessment: $542,900.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: Baseboard - Hotwater

Cool System: Wall A/C Unit(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

108 Orchard St,Elizabeth City, NJ 07208-3106

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