For Multi Family

1131 Pt1133Elizabeth Av,Elizabeth City, NJ 07201-2412

December 23, 2025

LOOKING FOR A PROPERTY THAT CHECKS THE “LOCATION VISIBILITY, AND INCOME POTENTIAL” BOXES ALL AT ONCE? THIS MIXED-USE BUILDING ON BUSTLING ELIZABETH AVE IN ELIZABETH, NJ IS EXACTLY THAT. WITH TWO STOREFRONTS ON THE FIRST FLOOR AND TWO APARTMENTS UPSTAIRS, IT’S A FLEXIBLE INVESTMENT THAT PUTS YOU RIGHT IN THE CENTER OF NONSTOP FOOT AND VEHICLE TRAFFIC. YES, THE BUILDING NEED SOME TLC, BUT THE BIG-TICKET ITEMS ARE ALREADY HANDLED NEWER ROOF, NEARLY NEW WATER HEATERS. SEPARATE UTILITIES (WITH THE EXCEPTION OF THE HEAT BETWEEN THE STORES) THAT MEANS YOU CAN FOCUS ON THE UPDATES THAT BOOST VALUE INSTEAD OF THE COSTLY REPAIRS NO ONE LIKES TO TALK ABOUT. ON THE FIRST FLOOR, YOU’LL FIND HIGH-VISIBILITY COMMERCIAL SPACES PERFECT FOR RETAIL, SERVICE BUSINESSES, OR FUTURE TENANTS WITH BIG IDEAS. UPSTAIRS ARE TWO RESIDENTIAL UNITS, BOTH ON MONTH TO MONTH LEASES, GIVING INVESTORS THE FLEXIBILITY TO RAISE RENTS, RENOVATE, OR REPOSITION BASED ON THEIR STRATEGY. IF YOU’RE AN INVESTOR LOOKING FOR A PROPERTY WITH STRONG UPSIDE, GREAT EXPOSURE, AND BUILT-IN INCOME FROM DAY ONE-THIS IS THE OPPORTUNITY. REPAIRS DONE BTW 2022-2024 HEATING, WATER HEATERS, ROOFS, ELECTRICAL CIRCUITS, AND OTHER COSMETICS REPAIRS.

Property ID:PT-21464255-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 850,000 $

Bedrooms:6

Year Built:9999

Listing Details

Status: Active

Location

County: Union

Lotsize: 35.69X79.64

Lot Identifier: 5

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2022

Basmnt/Desc: Yes - Unfinished, Walkout

Acreage: 0.07

Total Baths: 2.20

Unit Style: 2-Two Story

Number of Units: 4

Rooms: 12

Easement/Desc: No

Exterior Description: Brick

Roof Description: Flat

Possesion: AT CLOSING

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Fire Alarm System

Unit 1 Levels: 1

Unit 1 Rooms: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 1725

Unit 1 Security Deposit: 9999

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Fire Alarm System

Unit 2 Levels: 1

Unit 2 Rooms: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 1925

Unit 2 Security Deposit: 9999

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator

Unit 3 Levels: 2

Unit 3 Rooms: 5

Unit 3 Beds: 3

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 9999

Unit 3 Rent: 1200

Unit 3 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Storage

Unit 3 Security Deposit: 9999

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator

Unit 4 Levels: 2

Unit 4 Rooms: 5

Unit 4 Beds: 3

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 SqFt: 9999

Unit 4 Rent: 1475

Unit 4 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Storage

Unit 4 Security Deposit: 9999

Block Identifier: 317

County Number: 29

Town Number: 2904

YB/Desc: 9999 - Renovated

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 317

County Number: 29

Town Number: 2904

Possession: AT CLOSING

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Warranty: No

Tax ID For Property: 2904-00317-0000-00005-0000-

Tax Amount: $16,570.00

Tax Year: 2024

Tax Rate: 1.924%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $253,000.00

Building Assessment: $579,700.00

Total Assessment: $832,700.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

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Listing Details

1131 Pt1133Elizabeth Av,Elizabeth City, NJ 07201-2412

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