CCertihomes
201 3rd Street, Elizabeth, NJ 07206

$1,300,000

0 beds 0 baths 4,014 sqft Built 19050 days on marketActive

About this home

Calling all investors- don't miss this exceptional income-producing opportunity! This well-maintained six-unit mixed-use investment property is prominently positioned on a highly visible corner lot in the heart of Elizabeth. Featuring five fully leased residential apartments and one street-level commercial storefront, this turnkey asset delivers immediate rental income with a stable, established tenant base. Additional highlights include a full basement with utilities, a detached garage, and exceptional potential for long-term appreciation. Ideally located with convenient access to Downtown Elizabeth, Newark, New York City, NJ Transit, major highways, shopping, dining, schools, and everyday amenities, this property offers the accessibility and visibility that both residential and commercial tenants value. Combining strong cash flow, a prime location, and a fully occupied mixed-use configuration, this is a standout investment opportunity for any portfolio. Opportunities like this don't come around oftendon't

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
$9,040/mo

Real estate (PITI + HOA + PMI)
$9,040
Principal + interest$5,896
Property tax + insurance$2,656
PMI / 2nd mortgage$488
Utilities
$519
Heating + cooling$130
Internet + TV + phone$143
Water + sewer + garbage$58
Transportation
$157
Car insurance + maintenance$157
Other (entertainment)
$143
$9,040/mo TLC
Budget$9,540/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
Commercial
Style
Year built
1905
Lot size
Stories
3
Heating
See Remarks, Forced Air
Cooling
A/C Central - Some, Window Unit(s), See Remarks
Water
Public
HOA
Annual tax
$15,946
MLS #
2701972R
County
Union

Home features

Parking
On Street
Flooring
See Remarks
Roof
See Remarks
Sewer
Public Sewer

Lot features

Corner Lot

Neighborhood — 07206

MetricThis ZIPCountyUSA
Population23,0528,832,837299,088,112
Population Change Since19906.00%14.00%20.00%
Population Density14,4961,137
Male11,4044,307,827147,432,321
Female11,6474,525,010151,655,844
Never Married6,5481,965,81163,775,926
Married5,9083,647,435123,120,365
Separated2,232391,23912,639,686
Widowed925515,17215,467,586
Divorced1,257529,39323,075,029
Number Of House Hold6,7643,167,345111,826,380
Average House Hold Size3.382.732.60
Medial Age27.8837.1535.46
Median House Hold Income$34,216$63,392$48,276
Average House Hold Income$45,163$83,312$63,629
P C I$13,406$30,662$24,529
M D I$30,232$52,505$41,133
A T H E$40,839$61,369$50,898
S T R7.00%7.00%
W C J75.47%81.02%77.74%
(Zip) Code
7206

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

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Central Jersey Multiple Listing System, INC

Listing information last refreshed 8/5/2026. Provided courtesy of KELLER WILLIAMS WEST MONMOUTH via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.