Closed$650,000
TLC ≈ $5,208/mo
6 2 2,314 sqft
71 Erie Street, Elizabeth, NJ 07206
313 Washington Avenue, Elizabeth, NJ 07202
$789,000
0 beds 2 baths 2,744 sqft Built 19000 days on marketActive
About this home
Turnkey 2-Family Investment Opportunity with excellent rental income! Fully renovated from top to bottom in June 2024, this income-producing property is a great addition to any investment portfolio. Each unit features a modern open-concept kitchen, 3 spacious bedrooms, 1 full bathroom, a bright and airy living room, and the convenience of an in-unit washer & dryer. A walkable attic and basement with its own private entrance offers outstanding potential for additional living space and added value. Enjoy a private patio and convenient street parking. Prime location just steps from shopping, dining, local businesses, the hospital, and convenient transportation to NYC, making this an attractive rental location with strong income potential. Property is currently tenant-occupied. A true turnkey investment opportunity start generating income from day one!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 4% APR.
Your estimated payment
$5,792/mo
- Real estate (PITI + HOA + PMI)
- $5,562
- Utilities
- $545
- Transportation
- $157
- Other (entertainment)
- $143
Principal + interest$3,578
Property tax + insurance$1,688
PMI / 2nd mortgage$296
Heating + cooling$118
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$157
Budget$6,292/mo
Remaining after TLC$500/mo
Purchase price
$789,000
Down payment
$39,450 (5%)
Loan amount
$749,550
APR
4%
Quick facts
Type
2 Family
Style
—
Year built
1900
Lot size
0.0574 ac
Stories
2
Heating
Baseboard, Forced Air
Cooling
A/C Window Unit(s)
Water
Public
HOA
—
Annual tax
$10,442
MLS #
2702880R
County
Union
At a glance
Basement
Home features
Appliances
Water Heater(Gas)Water HeaterUnit 1(DryerRange/OvenRefrigeratorWasher)Unit 2(DryerRange/OvenRefrigeratorWasher)
Interior
Unit 1(3 BedroomsKitchenLaundry Hookup1 BathLiving Room)Unit 2(Dining Room3 BedroomsKitchenLaundry Hookup1 BathLiving Room)
Exterior
PatioFencing/WallYard
Patio & porch
Patio
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Level
Neighborhood — 07202
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 36,390 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 17.00% | 14.00% | 20.00% |
| Population Density | 15,515 | 1,137 | — |
| Male | 17,776 | 4,307,827 | 147,432,321 |
| Female | 18,614 | 4,525,010 | 151,655,844 |
| Never Married | 9,706 | 1,965,811 | 63,775,926 |
| Married | 11,776 | 3,647,435 | 123,120,365 |
| Separated | 2,590 | 391,239 | 12,639,686 |
| Widowed | 2,042 | 515,172 | 15,467,586 |
| Divorced | 2,571 | 529,393 | 23,075,029 |
| Number Of House Hold | 13,124 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.74 | 2.73 | 2.60 |
| Medial Age | 34.21 | 37.15 | 35.46 |
| 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 R | 7.00% | 7.00% | — |
| W C J | 80.50% | 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 →Recently sold nearby
Listing information last refreshed 8/22/2026. Provided courtesy of PREMIER HOME PROS via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.