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.
Active
$839,999
718-722 Thomas St, Elizabeth City, NJ 07202
4beds
4,796sqft
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
- 75 days |
- 186 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Ami Yazmin Cruz 908-312-5113,
New And Modern Group
Source: GSMLS,MLS#: 4022414
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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
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $839,999+136.6%$175/sqft |
Source: | ||
| 7/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/25/2024 | Listed for rent | $1,550+19.2% |
Source: Zillow Rentals Report a problem | ||
| 11/23/2019 | Listing removed | $1,300 |
Source: RE/MAX SELECT #3595134 Report a problem | ||
| 10/16/2019 | Listed for rent | $1,300+4% |
Source: RE/MAX SELECT #3595134 Report a problem | ||
| 10/31/2018 | Listing removed | $1,250 |
Source: RE/MAX SELECT #3511594 Report a problem | ||
| 10/25/2018 | Listed for rent | $1,250 |
Source: RE/MAX SELECT #3511594 Report a problem | ||
| 6/14/2018 | Sold | $355,000-1.1%$74/sqft |
Source: | ||
| 4/24/2018 | Pending sale | $359,000$75/sqft |
Source: THE REAL ESTATE COMPANY #3458317 Report a problem | ||
| 4/4/2018 | Listed for sale | $359,000-20.2%$75/sqft |
Source: THE REAL ESTATE COMPANY #3458317 Report a problem | ||
| 4/22/2009 | Sold | $450,000+21.6%$94/sqft |
Source: Public Record Report a problem | ||
| 2/14/2005 | Sold | $370,000+138.7%$77/sqft |
Source: Public Record Report a problem | ||
| 4/8/1998 | Sold | $155,000+4%$32/sqft |
Source: Public Record Report a problem | ||
| 3/10/1997 | Sold | $149,000$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $49,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 4/10No 5 Mabel Holmes Middle SchoolGrades: PK-8Distance: 0.1 mi
- 1/10T A Edison Career Tech AcademyGrades: 9-12Distance: 0.4 mi
- 1/10Adm W F Halsey Leadership AcademyGrades: 9-12Distance: 1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Union County
- Elizabeth
- 07202
- Peterstown
- 718-722 Thomas St







