Once in a lifetime opportunity fully renovated building Two 3 bedroom large modern apartments on 2nd and 3rd floors 1st floor retail space all renovated 3 years located close to downtown Elizabeth cash flow to the tune of close to 60k annually or live rent free expense free and still profit. Apartments fully renovated and rented with good stable tenants in place. Store front structure and roughing's in tact finishes by new owner or give tenant option to come in and finish according to needs of their business currently being used as storage for furniture store across the street Ideal location ample parking on street then 6 dedicated off street parking in rear of building. Rear Space also has potential for expansion building for an even higher monthly return. Inspections and appraisals recently completed and repairs made for CCO already in hand all we need is you. be centrally located close to the ports malls Newark Airport New York City and anywhere in the state travel within 45 minutes Plenty of transportation available and lots of culture close to restaurants theaters night clubs and lounges best of all worlds Separate Utilities with Central Air For Each Unit and Dry accessible basement available for storage for storefront Add doors to your portfolio or begin building with this solid foundation open to all interested parties no serious inquires will be ignored this is your time step up to the plate and be recognized get your piece of the American Dream
Sold for $615,000
$615,000
217 3rd St, Elizabeth, NJ 07206
6beds
--sqft
MultiFamily
Built in 2018
-- sqft lot
$803,900 Zestimate®
$--/sqft
$3,057 Estimated rent
Home value
$803,900
$748,000 - $868,000
$3,057/mo
Zestimate® history
Owner options
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$4,386/mo
Est. payment
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$4,386/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Property
Lot
- Size: 2,613 Square Feet
Details
- Parcel number: 0400811000000049
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 2018
Community & HOA
Location
- Region: Elizabeth
Financial & listing details
- Tax assessed value: $589,500
- Annual tax amount: $11,342
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2025 | Sold | $615,000+2.5% |
Source: Public Record Report a problem | ||
| 2/8/2023 | Listing removed | -- |
Source: | ||
| 9/14/2022 | Price change | $600,000-4% |
Source: | ||
| 7/21/2022 | Listed for sale | $625,000+4.2% |
Source: | ||
| 3/16/2022 | Listing removed | -- |
Source: | ||
| 2/19/2022 | Listed for sale | $600,000+66.7% |
Source: | ||
| 7/3/2018 | Sold | $360,000 |
Source: Public Record Report a problem | ||
| 3/30/2018 | Listing removed | $1,600 |
Source: Zillow Rental Manager Report a problem | ||
| 3/17/2018 | Listed for rent | $1,600 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,342 | $589,500 |
| 2024 | $11,342 | $589,500 +1242.8% |
| 2023 | -- | $43,900 |
| 2022 | $13,424 +104% | $43,900 |
| 2021 | $6,581 -48% | $43,900 |
| 2020 | $12,654 +132.9% | $43,900 |
| 2019 | $5,434 +49.9% | $43,900 +72.8% |
| 2018 | $3,625 -48.6% | $25,400 |
| 2017 | $7,048 | $25,400 |
| 2016 | -- | $25,400 |
| 2015 | -- | $25,400 |
Find assessor info on the county website
Neighborhood: Elizabethport
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Nearby schools
GreatSchools rating
- 5/10Number 1, George Washington Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10T A Edison Career Tech AcademyGrades: 9-12Distance: 1.3 mi
- 8/10Elizabeth High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$803,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$803,900