CCertihomes
700-702 Park Avenue, Elizabeth, NJ 07208

$1,300,000

0 beds 5 baths 5,328 sqft Built 19200 days on marketActive

About this home

Welcome to an incredible, high-income producing opportunity located in the highly desirable and quiet residential section of Elmora Hills in Elizabeth, NJ! This massive, 5328 square foot multi-family property is perfect for a savvy investor looking to maximize their portfolio or a buyer wanting to occupy one unit while renting out the other two. The first unit is exceptionally spacious; its main floor features a large kitchen, a bright living and dining area, two bedrooms and two bathrooms-including a primary bedroom with its own private bath. Up on the second level of this same unit, you will find an additional private bedroom and bathroom. The second unit features a comfortable two-bedroom, one-bathroom layout, while the third unit offers a cozy one-bedroom setup. Flooded with natural light, this home boasts a beautiful front yard, a detached garage, and a private driveway with ample parking. Situated in a convenient location, it offers close proximity to local shopping centers, parks, public transit, major highways, and Kean University. With its massive footprint, fantastic neighborhood, and immense rental upside, this property is a rare find that promises a substantial return on investment. Don't miss out on this fantastic Elmora Hills gem-schedule your private tour today and see the endless potential for yourself!

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
$9,432/mo

Real estate (PITI + HOA + PMI)
$9,420
Principal + interest$5,896
Property tax + insurance$3,036
PMI / 2nd mortgage$488
Utilities
$543
Heating + cooling$142
Internet + TV + phone$143
Water + sewer + garbage$58
Transportation
$157
Car insurance + maintenance$157
Other (entertainment)
$143
$9,432/mo TLC
Budget$9,932/mo
Remaining after TLC$500/mo
Purchase price
$1,300,000
Down payment
$65,000 (5%)
Loan amount
$1,235,000
APR
4%

Quick facts

Type
3 Family
Style
Year built
1920
Lot size
Stories
3
Heating
Radiant, Forced Air
Cooling
A/C Central - Some,A/C Window Unit(s), Unit 1(A/C Central)
Water
Public
HOA
Annual tax
$19,839
MLS #
2618226R
County
Union

At a glance

Basement
Garage (1)

Home features

Appliances
Water Heater(See RemarksGas)Unit 1(Range/Oven)
Interior
Unit 1(Dining Room3 BedroomsKitchen1 BathLiving Room2+ Baths)Unit 2(2 BedroomsKitchen1 BathLiving RoomSee Remarks)Unit 3(1 BedroomKitchen1 BathLiving RoomSee Remarks)
Exterior
Porch(es) - EnclosedCurbsDeckSidewalk
Community
CurbsSidewalks
Parking
GarageDetached3-4 Car Parking
Patio & porch
EnclosedDeck
Roof
See Remarks
Sewer
Public Sewer
Ownership
Fee Simple

Lot features

Corner Lot, See Remarks, Irregular Lot

Neighborhood — 07208

MetricThis ZIPCountyUSA
Population33,1068,832,837299,088,112
Population Change Since199018.00%14.00%20.00%
Population Density17,7121,137
Male16,2154,307,827147,432,321
Female16,8914,525,010151,655,844
Never Married9,1091,965,81163,775,926
Married10,9143,647,435123,120,365
Separated2,118391,23912,639,686
Widowed1,693515,17215,467,586
Divorced2,256529,39323,075,029
Number Of House Hold11,8293,167,345111,826,380
Average House Hold Size2.742.732.60
Medial Age33.6237.1535.46
Median House Hold Income$43,814$63,392$48,276
Average House Hold Income$55,906$83,312$63,629
P C I$21,095$30,662$24,529
M D I$38,112$52,505$41,133
A T H E$46,968$61,369$50,898
S T R7.00%7.00%
W C J76.39%81.02%77.74%
(Zip) Code
7208

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

Map & walkability

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Recently sold nearby

Central Jersey Multiple Listing System, INC

Listing information last refreshed 6/26/2026. Provided courtesy of KELLER WILLIAMS WEST MONMOUTH via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.