Closed$650,000
TLC ≈ $5,208/mo
6 2 2,314 sqft
71 Erie Street, Elizabeth, NJ 07206
924 Monroe Avenue, Elizabeth, NJ 07201
$979,000
0 beds 8 baths — Built 19270 days on marketActive
About this home
Exceptional 4- Family Investment Opportunity!! This is a rare find offering 4 units with 2 bedrooms each, bonus finished attics offer additional living space as well as finished basements. Newly renovated apartments. Home sits on a large lot size with plenty of parking spaces which can fit 5-6 cars and a detached garage. This property offers a combination of space and convenience. Enjoy the tranquility a quiet residential neighborhood while being just minutes from the airport, major highways, schools, Kean University, parks, shopping, dining and everyday amenities. Discover an exceptional multifamily opportunity where style, space, and income producing come together.
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
$7,117/mo
- Real estate (PITI + HOA + PMI)
- $7,002
- Utilities
- $507
- Transportation
- $157
- Other (entertainment)
- $143
Principal + interest$4,440
Property tax + insurance$2,195
PMI / 2nd mortgage$367
Heating + cooling$124
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$157
Budget$7,617/mo
Remaining after TLC$500/mo
Purchase price
$979,000
Down payment
$48,950 (5%)
Loan amount
$930,050
APR
4%
Quick facts
Type
4 Family
Style
—
Year built
1927
Lot size
—
Stories
3
Heating
Radiators-Steam
Cooling
None
Water
Public
HOA
—
Annual tax
$14,244
MLS #
2703672R
County
Union
At a glance
Basement
Garage (1)
Home features
Appliances
Water Heater(Gas)Water HeaterUnit 1(Range/Oven)Unit 2(Range/Oven)Unit 3(Range/Oven)Unit 4(Range/Oven)
Interior
Unit 1(2 BedroomsKitchen1 BathLiving Room)Unit 2(2 BedroomsKitchen1 BathLiving Room)Unit 3(Dining Room2 BedroomsKitchen1 BathLiving Room)Unit 4(2 BedroomsKitchen1 BathLiving Room)
Exterior
Fencing/Wall
Parking
GarageDetached4(+)Car Parking
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Level
Neighborhood — 07201
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 30,445 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 9.00% | 14.00% | 20.00% |
| Population Density | 5,739 | 1,137 | — |
| Male | 15,863 | 4,307,827 | 147,432,321 |
| Female | 14,582 | 4,525,010 | 151,655,844 |
| Never Married | 8,487 | 1,965,811 | 63,775,926 |
| Married | 8,142 | 3,647,435 | 123,120,365 |
| Separated | 3,628 | 391,239 | 12,639,686 |
| Widowed | 1,344 | 515,172 | 15,467,586 |
| Divorced | 2,074 | 529,393 | 23,075,029 |
| Number Of House Hold | 9,342 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 3.03 | 2.73 | 2.60 |
| Medial Age | 31.59 | 37.15 | 35.46 |
| Median House Hold Income | $36,581 | $63,392 | $48,276 |
| Average House Hold Income | $49,154 | $83,312 | $63,629 |
| P C I | $16,318 | $30,662 | $24,529 |
| M D I | $32,389 | $52,505 | $41,133 |
| A T H E | $43,131 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 81.94% | 81.02% | 77.74% |
(Zip) Code
7201
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 9/1/2026. Provided courtesy of COLDWELL BANKER REALTY via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.