This turnkey multi-family property with 9 bedrooms and 4 bathrooms is an excellent investment opportunity. The modern updates, including an expansion in 2017 to both 1st and 2dn floors larger kitchens with stainless steel appliances, quartz countertops, and custom cabinetry, as well as remodeled bathrooms on both 1st and 2nd floors, add significant value and appeal to potential tenants or buyers. The finished attic and partially finished basement with separate entrances provide added versatility and potential for additional rental income. Its prime location near transportation hubs like NJ Transit, bus at the corner, as well as its proximity to Newark Airport, make it extremely convenient for commuters Additionally, the ample parking space for up to 7 cars is a great asset in an urban setting. This property is a highly desirable option for both investors looking to expand their portfolio and owner-occupants seeking a comfortable living space with the potential for rental income to offset mortgage costs. NO MORE SHOWINGS - All offers due 6/6/24 by :12Noon
Sold for $805,000
$805,000
746-748 Newark Ave, Elizabeth, NJ 07208
6beds
--baths
3,499sqft
Multi Family
Built in 1926
-- sqft lot
$900,500 Zestimate®
$230/sqft
$1,924 Estimated rent
Home value
$900,500
$846,000 - $955,000
$1,924/mo
Zestimate® history
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$5,717/mo
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Zillow last checked:
Listing updated:
Listed by:
Johanna Ruiz 908-499-0087,
Keller Williams Premier
Bought with:
Johanna Ruiz, 2220571
Keller Williams Premier
Source: Bright MLS,MLS#: NJUN2000328
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Baseboard
Cooling
- Ceiling Fan(s), Ductless, Window Unit(s)
Appliances
- Included: Water Heater
Features
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 3,499
- Total interior livable area: 3,499 sqft
Property
Parking
- Total spaces: 6
- Parking features: Asphalt, Shared Driveway, Driveway, Off Street
- Uncovered spaces: 6
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 4,948 Square Feet
- Dimensions: 33.00 x 150.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 040014000016
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Asphalt
- Foundation: Other
- Roof: Shingle
Condition
- Good
- New construction: No
- Year built: 1926
- Major remodel year: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Above Ground
Community & HOA
Location
- Region: Elizabeth
- Municipality: ELIZABETH CITY
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $549,500
- Annual tax amount: $12,294
- Date on market: 6/1/2024
- Listing agreement: Exclusive Agency
- Listing terms: FHA,Conventional,Cash
- Exclusions: 1st Floor Refrigerator No Washer No Dryer
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2024 | Sold | $805,000+19.3%$230/sqft |
Source:  Bright MLS #NJUN2000328 Report a problem | ||
| 6/17/2024 | Contingent | $675,000$193/sqft |
Source: Bright MLS #NJUN2000328 Report a problem | ||
| 6/10/2024 | Pending sale | $675,000$193/sqft |
Source: Bright MLS #NJUN2000328 Report a problem | ||
| 6/1/2024 | Listed for sale | $675,000+125%$193/sqft |
Source: Bright MLS #NJUN2000328 Report a problem | ||
| 12/17/2012 | Sold | $300,000+74.4%$86/sqft |
Source:  GSMLS #2967920 Report a problem | ||
| 11/10/2011 | Sold | $172,000+42.1%$49/sqft |
Source: GSMLS #2883877 Report a problem | ||
| 9/27/2011 | Sold | $121,000-73.1%$35/sqft |
Source: Public Record Report a problem | ||
| 12/21/2004 | Sold | $450,000$129/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,572 | $549,500 +1525.7% |
| 2023 | -- | $33,800 |
| 2022 | $10,336 +104% | $33,800 |
| 2021 | $5,067 -48% | $33,800 |
| 2020 | $9,743 +1% | $33,800 |
| 2019 | $9,648 +33.2% | $33,800 |
| 2018 | $7,241 -22.8% | $33,800 |
| 2017 | $9,378 +6.3% | $33,800 |
| 2016 | $8,821 +3.1% | $33,800 |
| 2015 | $8,557 +5.9% | $33,800 |
| 2014 | $8,078 +4.9% | $33,800 |
| 2012 | $7,699 +7.6% | $33,800 |
| 2011 | $7,156 +5% | $33,800 |
| 2010 | $6,813 +7.1% | $33,800 |
| 2009 | $6,362 | $33,800 |
| 2008 | -- | $33,800 |
| 2007 | $6,031 | $33,800 |
| 2006 | -- | $33,800 |
| 2005 | -- | $33,800 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 4/10Number 23, N.M. Butler Elementary SchoolGrades: K-8Distance: 0.4 mi
- 6/10A Hamilton Preparatory AcademyGrades: 9-12Distance: 1.1 mi
- 8/10Elizabeth High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Elizabeth Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$900,500
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Estimated market value
$900,500
- New Jersey
- Union County
- Elizabeth
- 07208
- Downtown
- 746-748 Newark Ave
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