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  • $839,999

    718-722 Thomas St, Elizabeth City, NJ 07202

    4beds
    4,796sqft
    : 
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    Multi Family
    Built in 1945
    -- sqft lot
    $845,300 Zestimate®
    $175/sqft
    $-- HOA

    What's special

    Fully finished basementAdditional usable spaceSeparate dining areaWell-designed units
    Impeccable investment property located in the highly desirable Bayway section of Elizabeth, NJ, offering a rare opportunity for both investors and owner-occupants. The building features four well-designed units, each consisting of 1 bedroom, 1 full bathroom, a comfortable living room, and a separate dining area, providing functional and inviting layouts that are consistently in demand. All units are in excellent, move-in condition and have been meticulously maintained, reflecting true pride of ownership and minimal deferred maintenance. A standout feature of the property is the right-side unit, which includes a fully finished basement, offering additional usable space that can serve as recreation, storage, or extended living adding both flexibility and potential value. Situated in a strong rental corridor with close proximity to major highways, public transportation, shopping, and local amenities, this property benefits from consistent tenant demand and long-term stability. With its solid unit mix, turnkey condition, and prime location, this asset presents an excellent opportunity for immediate cash flow, long-term appreciation, or owner-occupancy with supplemental income, making it a valuable addition to any real estate portfolio.
    75 days
    |
    186
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ami Yazmin Cruz 908-312-5113,

    New And Modern Group

    Source: GSMLS,MLS#: 4022414MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • 1 Unit, Natural Gas
      Cooling
      • See Remarks
      Appliances
      • Included: See Remarks
      Features
      • Bedrooms, Dining Room, Kitchen, Living Room
      • Basement: Yes,Finished,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 4,796
      • Total interior livable area: 4,796 sqft

      Property

      Parking
      • Parking features: On Street
      Lot
      • Size: 4,791 Square Feet
      • Dimensions: 48 x 100
      Details
      • Parcel number: 2904004960000000040000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick, Stucco
      • Roof: Asphalt Shingle
      Condition
      • Year built: 1945

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Connected

      Community & HOA

      Location
      • Region: Elizabeth

      Financial & listing details

      • Price per square foot: $175/sqft
      • Tax assessed value: $602,500
      • Annual tax amount: $12,152
      • Date on market: 4/22/2026
      • Total actual rent: 6236
      • Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas

        Estimated market value

        $845,300

        $803,000 - $888,000

        $2,646/mo

        Price history

        DateEventPrice
        4/22/2026Listed for sale$839,999+136.6%$175/sqft
        Source: GSMLS #4022414 Report a problem
        7/29/2024Listing removed--
        Source: Zillow Rentals Report a problem
        7/25/2024Listed for rent$1,550+19.2%
        Source: Zillow Rentals Report a problem
        11/23/2019Listing removed$1,300
        Source: RE/MAX SELECT #3595134 Report a problem
        10/16/2019Listed for rent$1,300+4%
        Source: RE/MAX SELECT #3595134 Report a problem
        10/31/2018Listing removed$1,250
        Source: RE/MAX SELECT #3511594 Report a problem
        10/25/2018Listed for rent$1,250
        Source: RE/MAX SELECT #3511594 Report a problem
        6/14/2018Sold$355,000-1.1%$74/sqft
        Source: GSMLS #3458317 Report a problem
        4/24/2018Pending sale$359,000$75/sqft
        Source: THE REAL ESTATE COMPANY #3458317 Report a problem
        4/4/2018Listed for sale$359,000-20.2%$75/sqft
        Source: THE REAL ESTATE COMPANY #3458317 Report a problem
        4/22/2009Sold$450,000+21.6%$94/sqft
        Source: Public Record Report a problem
        2/14/2005Sold$370,000+138.7%$77/sqft
        Source: Public Record Report a problem
        4/8/1998Sold$155,000+4%$32/sqft
        Source: Public Record Report a problem
        3/10/1997Sold$149,000$31/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$11,592 $602,500 +1285.1%
        2023-- $43,500
        2022$13,302 +104%$43,500
        2021$6,522 -54.5%$43,500
        2020$14,326 +1%$43,500 -12.5%
        2019$14,186 +33.2%$49,700
        2018$10,647 -22.8%$49,700
        2017$13,790 +6.3%$49,700
        2016$12,971 +3.1%$49,700
        2015$12,582 +5.9%$49,700
        2014$11,877 +4.9%$49,700
        2012$11,321 +7.6%$49,700
        2011$10,523 +5%$49,700
        2010$10,019 +7.1%$49,700
        2009$9,355 $49,700
        2008-- $49,700
        2007$8,868 $49,700
        2006-- $49,700
        2005-- $49,700

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Peterstown

        Getting around

        76 / 100
        Very Walkable
        40 / 100
        Some Transit
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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