416 S 5th St, Elizabeth, NJ Mixed-Use Investment Property | Retail + 2 Apartments Income-producing mixed-use property featuring a first-floor commercial storefront and two leased residential apartments above. The property generates approximately $82,800 in annual rental income, with estimated expenses of $16,412, producing an estimated NOI of $66,388. Highlights Asking Price: $1,200,000 Cap Rate: 5.53% Annual Income: $82,800 Estimated NOI: $66,388 All tenants leased 1 commercial unit + 2 residential units