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.
Under contract
$839,999
718-722 Thomas St, Elizabeth City, NJ 07202
4beds
4,796sqft
Multi Family
Built in 1945
-- sqft lot
$819,400 Zestimate®
$175/sqft
$-- HOA
What's special
Fully finished basementAdditional usable spaceSeparate dining areaWell-designed units
- 173 days
- 128
- 9
Zillow last checked:
Listing updated:
Listed by:
Ami Yazmin Cruz 908-312-5113,
New And Modern Group
Source: GSMLS,MLS#: 4022414
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
$819,400
$778,000 - $860,000
$2,474/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Pending sale | $839,999$175/sqft |
Source: | ||
| 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






