CCertihomes
802 3rd Avenue, Elizabeth, NJ 07202

$1,999,000

0 beds 0 baths 4,122 sqft3 days on marketActive

About this home

Turnkey 6 family brick investment property located in one of the best areas of Elizabeth. This well maintained building offers strong rental income and is perfect for investors looking for a stable cash flowing asset. Each unit features a brand new mini split heating and cooling system, providing efficient climate control for tenants. The property also includes all new electrical panels, giving the next owner peace of mind with major upgrades already completed. The building has been exceptionally maintained and requires no immediate repairs, making it a true plug and play investment. Solid all brick construction offers durability and low maintenance ownership. All units are occupied by excellent tenants, allowing the new owner to simply take over and start collecting rent from day one. Rare opportunity to own a profitable multi family property in a prime Elizabeth location with modern upgrades already in place. Ideal for investors seeking reliable income and long term appreciation.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$12,870/mo

Real estate (PITI + HOA + PMI)
$13,086
Principal + interest$9,066
Property tax + insurance$3,270
PMI / 2nd mortgage$750
Utilities
$561
Heating + cooling$126
Internet + TV + phone$143
Water + sewer + garbage$58
Transportation
$157
Car insurance + maintenance$157
Other (entertainment)
$143
$12,870/mo TLC
Budget$13,370/mo
Remaining after TLC$500/mo
Purchase price
$1,999,000
Down payment
$99,950 (5%)
Loan amount
$1,899,050
APR
4%

Quick facts

Type
Commercial
Style
Year built
Lot size
0.0603 ac
Stories
4
Heating
Cooling
Wall Unit(s), Window Unit(s)
Water
Public
HOA
Annual tax
$15,792
MLS #
2611521R
County
Union

Home features

Appliances
Refrigeration
Interior
Refrigeration
Parking
On Street
Flooring
Tile, Wood
Roof
Flat
Sewer
Public Sewer

Lot features

Near Public Transit, Near Shopping, Residential Area

Neighborhood — 07202

MetricThis ZIPCountyUSA
Population36,3908,832,837299,088,112
Population Change Since199017.00%14.00%20.00%
Population Density15,5151,137
Male17,7764,307,827147,432,321
Female18,6144,525,010151,655,844
Never Married9,7061,965,81163,775,926
Married11,7763,647,435123,120,365
Separated2,590391,23912,639,686
Widowed2,042515,17215,467,586
Divorced2,571529,39323,075,029
Number Of House Hold13,1243,167,345111,826,380
Average House Hold Size2.742.732.60
Medial Age34.2137.1535.46
Median House Hold Income$39,094$63,392$48,276
Average House Hold Income$45,824$83,312$63,629
P C I$17,380$30,662$24,529
M D I$34,205$52,505$41,133
A T H E$41,270$61,369$50,898
S T R7.00%7.00%
W C J80.50%81.02%77.74%
(Zip) Code
7202

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
Central Jersey Multiple Listing System, INC

Listing information last refreshed 3/3/2026. Provided courtesy of KELLER WILLIAMS WEST MONMOUTH via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.

802 3rd Avenue · Elizabeth — $1,999,000 · Certihomes