Sold for $785,000

Street View

$785,000

540-542 Jefferson Ave, Elizabeth, NJ 07201

4beds

2baths

2,544sqft

Multi Family

Built in 1890

-- sqft lot

$790,900 Zestimate^®

$309/sqft

$2,620 Estimated rent

Home value

$790,900

$704,000 - $894,000

$2,620/mo

Zestimate^® history

Owner options

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$2,620/mo

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$2,620/mo

Rent Zestimate^®

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$5,596/mo

Est. payment

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$5,596/mo

Est. payment

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What's special

Fully renovatedUpdated finishesLarge lot

Well-maintained, fully renovated 2-family property at 540 Jefferson Ave in Elizabeth, NJ. Each unit offers updated finishes, plus a finished basement with direct exterior access for extra space. Situated on a large lot with a huge backyard perfect for entertaining and a private driveway with parking for 6+ cars. Conveniently located near NJ Turnpike, Routes 1&9, NJ TRANSIT, Newark Airport, shopping, parks, and schools. Ideal for owner-occupants or investors seeking rental income. Being sold AS-IS; buyer responsible for township inspections

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Radiators-Hot Water, Separate Control

Cooling

A/C Central - All, A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Central)

Appliances

Included: Water Heater(Electric), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)

Features

Unit 1(1 Bedroom, 1 Bath, Living Room, 1 1/2 Baths), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room, 1 1/2 Baths)
Basement: Full, Finished, Daylight, Exterior Entry, Storage Space, Interior Entry

Interior area

Total structure area: 2,544
Total interior livable area: 2,544 sqft

Property

Parking

Parking features: 4(+)Car Parking, Paved

Features

Stories: 2
Patio & porch: Patio
Exterior features: Patio, Storage Shed

Lot

Size: 8,001 Square Feet
Dimensions: 160.00 x 0.00
Features: Near Shopping, Near Train

Details

Additional structures: Shed(s)
Parcel number: 0400240000000048

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Roof: Asphalt

Condition

Year built: 1890

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $309/sqft
Tax assessed value: $570,000
Annual tax amount: $10,967
Date on market: 4/10/2026
Ownership: Fee Simple
Lease term: Unit 2(Month-Month)
Electric utility on property: Yes

Price history

Date	Event	Price
5/28/2026	Sold	$785,000+4.7%$309/sqft
Source: All Jersey MLS #2613516R Report a problem
4/25/2026	Pending sale	$750,000$295/sqft
Source: GSMLS #4019954 Report a problem
4/25/2026	Contingent	$750,000$295/sqft
Source: All Jersey MLS #2613516R Report a problem
4/10/2026	Listed for sale	$750,000+105.5%$295/sqft
Source: All Jersey MLS #2613516R Report a problem
1/7/2021	Sold	$365,000+1.7%$143/sqft
Source: Public Record Report a problem
1/5/2021	Contingent	$359,000$141/sqft
Source: All Jersey MLS #2107405 Report a problem
10/22/2020	Pending sale	$359,000$141/sqft
Source: RE/MAX DREAMS #2107405 Report a problem
10/21/2020	Listed for sale	$359,000+37%$141/sqft
Source: RE/MAX DREAMS #2107405 Report a problem
9/10/2016	Sold	$262,000$103/sqft
Source: Agent Provided Report a problem
6/10/2016	Sold	$262,000+5.2%$103/sqft
Source: GSMLS #3286604 Report a problem
12/15/2009	Sold	$249,000$98/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,967	$570,000
2024	$10,967	$570,000 +1581.4%
2023	--	$33,900
2022	$10,366 +104%	$33,900
2021	$5,082 -48%	$33,900
2020	$9,771 +1%	$33,900
2019	$9,676 +33.2%	$33,900
2018	$7,262 -22.8%	$33,900
2017	$9,406 +6.3%	$33,900
2016	$8,848 +3.1%	$33,900
2015	$8,582 +5.9%	$33,900
2014	$8,101 +5.6%	$33,900
2013	$7,675 -0.6%	$33,900
2012	$7,722 +7.6%	$33,900
2011	$7,177 +5%	$33,900
2010	$6,834 +7.1%	$33,900
2009	$6,381	$33,900
2008	--	$33,900