LOOKING FOR A PROPERTY THAT CHECKS THE "LOCATION VISIBILITY, AND INCOME POTENTIAL" BOXES ALL AT ONCE? THIS MIXED-USE BUILDING ON BUSTLING ELIZABETH AVE IN ELIZABETH, NJ IS EXACTLY THAT. WITH TWO STOREFRONTS ON THE FIRST FLOOR AND TWO APARTMENTS UPSTAIRS, IT'S A FLEXIBLE INVESTMENT THAT PUTS YOU RIGHT IN THE CENTER OF NONSTOP FOOT AND VEHICLE TRAFFIC. YES, THE BUILDING NEED SOME TLC, BUT THE BIG-TICKET ITEMS ARE ALREADY HANDLED NEWER ROOF, NEARLY NEW WATER HEATERS. SEPARATE UTILITIES (WITH THE EXCEPTION OF THE HEAT BETWEEN THE STORES) THAT MEANS YOU CAN FOCUS ON THE UPDATES THAT BOOST VALUE INSTEAD OF THE COSTLY REPAIRS NO ONE LIKES TO TALK ABOUT. ON THE FIRST FLOOR, YOU'LL FIND HIGH-VISIBILITY COMMERCIAL SPACES PERFECT FOR RETAIL, SERVICE BUSINESSES, OR FUTURE TENANTS WITH BIG IDEAS. UPSTAIRS ARE TWO RESIDENTIAL UNITS, BOTH ON MONTH TO MONTH LEASES, GIVING INVESTORS THE FLEXIBILITY TO RAISE RENTS, RENOVATE, OR REPOSITION BASED ON THEIR STRATEGY. IF YOU'RE AN INVESTOR LOOKING FOR A PROPERTY WITH STRONG UPSIDE, GREAT EXPOSURE, AND BUILT-IN INCOME FROM DAY ONE-THIS IS THE OPPORTUNITY. REPAIRS DONE BTW 2022-2024 HEATING, WATER HEATERS, ROOFS, ELECTRICAL CIRCUITS, AND OTHER COSMETICS REPAIRS.
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Zillow last checked:
Listing updated:
Listed by:
Jayce Lopez908-282-1234,
Re/Max New Millennium Group
Source: GSMLS,MLS#: 4002432
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 2.2
Full bathrooms: 2
1/2 bathrooms: 2
Heating
See Remarks
Cooling
Window Unit(s)
Appliances
Included: See Remarks, Range/Oven - Gas, Refrigerator, Gas Water Heater
Features
See Remarks, Bedrooms, Dining Room, Kitchen, Living Room, Storage
Basement: Yes,Unfinished,Walk-Out Access
Has fireplace: No
Interior area
Total structure area: 39,996
Total interior livable area: 39,996 sqft
Property
Parking
Parking features: On Street, See Remarks
Features
Levels: Two
Stories: 2
Patio & porch: Patio
Lot
Size: 3,049 Square Feet
Dimensions: 35.69 x 79.64
Details
Parcel number: 2904003170000000050000
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick
Roof: Flat
Condition
Major remodel year: 2022
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks
Community & HOA
Community
Security: Carbon Monoxide Detector(s), Fire Alarm, Carbon Monoxide Detector, Fire Alarm System
Location
Region: Elizabeth
Financial & listing details
Price per square foot: $21/sqft
Tax assessed value: $832,700
Annual tax amount: $16,570
Date on market: 12/22/2025
Total actual rent: 6325
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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