Legal 3-Family Home – Updated, Spacious, Prime Location!
742 Pennington Street
6 Beds | 3+ Baths | 2-Car Garage | Private Lot
Welcome to this legal 3-family home nestled on a large private lot that backs directly to a county park. Featuring 6 bedrooms, modern upgrades, and excellent rental potential, this property is ideal for both investors and owner-occupants.
Recent Updates & Features:
• Newer roof and many new vinyl windows
• Completely renovated third-floor bathroom
• Updated kitchen lighting
• Just passed NJ State inspection
• Steel fireproof doors and new emergency lighting in staircases
Interior Highlights:
• Spacious layout across three legal units
• 6 bedrooms total
• Bright kitchens with modern lighting
• Clean, well-maintained interiors
Exterior & Lot:
• 2-car garage + large driveway and rear parking
• Partially fenced-in yard with mature landscaping
• Quiet, well-maintained property backing to open green space
Location Perks:
• Walking distance to shops, restaurants, places of worship, and NYC transit
• Minutes to Newark Airport – perfect for commuters
• Peaceful neighborhood yet close to everything
Don’t miss this rare opportunity to own a turnkey 3-family with updates, space, and location!
Contact now to schedule a private showing!
Sold for $810,000
$810,000
742 Pennington St, Elizabeth, NJ 07202
6beds
3,090sqft
MultiFamily
Built in 1922
-- sqft lot
$993,500 Zestimate®
$262/sqft
$2,809 Estimated rent
Home value
$993,500
$914,000 - $1.08M
$2,809/mo
Zestimate® history
Owner options
List your home for rent
$2,809/mo
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$2,809/mo
Rent Zestimate®
Refinance and save
$5,799/mo
Est. payment
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$5,799/mo
Est. payment
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List your homeWhat's special
Modern upgradesCompletely renovated third-floor bathroomClean well-maintained interiorsMature landscapingQuiet well-maintained propertyLarge private lotMany new vinyl windows
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Radiant, Gas
Cooling
- Other
Appliances
- Included: Dishwasher, Freezer, Range / Oven, Refrigerator
Features
- Flooring: Carpet
- Basement: Unfinished
Interior area
- Total interior livable area: 3,090 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage - Detached, Off-street, On-street
Features
- Exterior features: Vinyl
- Has view: Yes
- View description: City
Lot
- Size: 4,373 sqft
Details
- Parcel number: 0400387000000014
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1922
Community & neighborhood
Location
- Region: Elizabeth
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Sold | $810,000-4.7%$262/sqft |
Source: Public Record Report a problem | ||
| 10/3/2025 | Pending sale | $849,999$275/sqft |
Source: Owner Report a problem | ||
| 9/15/2025 | Price change | $849,999-5.6%$275/sqft |
Source: Owner Report a problem | ||
| 7/9/2025 | Listed for sale | $900,000+69130.8%$291/sqft |
Source: Owner Report a problem | ||
| 10/26/2013 | Listing removed | $1,300 |
Source: C-21 ATLANTIC REALTORS #3088291 Report a problem | ||
| 10/23/2013 | Listed for sale | $1,300-97.6% |
Source: C-21 ATLANTIC REALTORS #3088291 Report a problem | ||
| 8/24/2009 | Sold | $55,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,234 | $583,900 |
| 2024 | $11,234 | $583,900 +1124.1% |
| 2023 | -- | $47,700 |
| 2022 | $14,586 +104% | $47,700 |
| 2021 | $7,151 -48% | $47,700 |
| 2020 | $13,749 +1% | $47,700 |
| 2019 | $13,615 +33.2% | $47,700 |
| 2018 | $10,219 -22.8% | $47,700 |
| 2017 | $13,235 +6.3% | $47,700 |
| 2016 | $12,449 +3.1% | $47,700 |
| 2015 | $12,076 +5.9% | $47,700 |
| 2014 | $11,399 +4.9% | $47,700 |
| 2012 | $10,865 +7.6% | $47,700 |
| 2011 | $10,099 +5% | $47,700 |
| 2010 | $9,615 +7.1% | $47,700 |
| 2009 | $8,978 | $47,700 |
| 2008 | -- | $47,700 |
| 2007 | $8,512 | $47,700 |
| 2006 | -- | $47,700 |
| 2005 | -- | $47,700 |
| 2004 | -- | $47,700 |
| 2003 | -- | $47,700 |
| 2002 | -- | $47,700 |
| 2001 | -- | $47,700 |
Find assessor info on the county website
Neighborhood: Elmora
Nearby schools
GreatSchools rating
- 5/10Number 14, Abraham Lincoln Elementary SchoolGrades: K-8Distance: 0.4 mi
- 6/10A Hamilton Preparatory AcademyGrades: 9-12Distance: 0.8 mi
- 1/10Adm W F Halsey Leadership AcademyGrades: 9-12Distance: 1.2 mi
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Estimated market value
$993,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$993,500
- New Jersey
- Union County
- Elizabeth
- 07202
- Elmora
- 742 Pennington St
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