Excellent investment opportunity in a prime Elizabeth location! Built in 1999, this well-maintained and recently renovated 2-family home offers two spacious 3-bedroom units and excellent rental income potential. The first-floor unit features 3 bedrooms, 1 full bath, living room, dining room, in-unit laundry and storage shed. The second-floor unit offers 3 generously sized bedrooms and 2 full baths, including a primary suite with private en-suite bath and ample closet space, a spacious kitchen with abundant cabinetry and counter space, dining area, bright living room, in-unit laundry, and interior access to a 2-car attached garage. Both units feature central air and forced hot-air heat for year-round comfort. Additional off-street parking adds even more convenience. Ideally situated on a corner lot just 2 blocks from Kean University, with easy access to major highways, public transportation, Newark Liberty International Airport and NYC. A fantastic opportunity for investors or owner-occupants looking to generate strong rental income in a highly desirable and convenient location!
Active
$846,000
589 Cherry St, Elizabeth City, NJ 07208
6beds
2,526sqft
Multi Family
Built in 1999
-- sqft lot
$-- Zestimate®
$335/sqft
$-- HOA
What's special
- 4 days
- 245
- 29
Zillow last checked:
Listing updated:
Listed by:
Alejandra Coscarelli 609-303-3456,
Re/Max Instyle
Source: GSMLS,MLS#: 4057135
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 2 Units, Natural Gas
Cooling
- 2 Units
Appliances
- Included: Dishwasher, Dryer, Exhaust Fan, Range/Oven - Gas, Refrigerator, Washer, Microwave Oven, Gas Water Heater
- Laundry: Laundry Room
Features
- Walk-In Closet(s), Bedrooms, Family Room, Kitchen, Living/Dining Room, Storage, Dining Room, Eat-In Kitchen, Living Room
- Flooring: Tile, Vinyl-Linoleum Floors
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 2,526
- Total interior livable area: 2,526 sqft
Property
Parking
- Total spaces: 4
- Parking features: Asphalt, Attached Garage, Built-In Garage
- Attached garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Fencing: Metal Fence
Lot
- Size: 6,098 Square Feet
- Dimensions: 61 x 100
- Features: Corner Lot
Details
- Additional structures: Storage Shed
- Parcel number: 2904000980000000010001
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
- Subdivision: Elmora / Kean University
Location
- Region: Elizabeth
Financial & listing details
- Price per square foot: $335/sqft
- Tax assessed value: $566,400
- Annual tax amount: $13,739
- Date on market: 10/11/2026
- Total actual rent: 6250
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/11/2026 | Listed for sale | $846,000+45.9%$335/sqft |
Source: | ||
| 12/30/2021 | Listing removed | -- |
Source: | ||
| 10/5/2021 | Listed for sale | $580,000$230/sqft |
Source: | ||
| 7/21/2021 | Listing removed | -- |
Source: | ||
| 7/12/2021 | Price change | $580,000+5.5%$230/sqft |
Source: | ||
| 6/29/2021 | Listed for sale | $550,000$218/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





