201 3rd Street, Elizabeth, NJ 07206 (MLS# 22624060)
$1,300,000
Elizabeth, NJ 07206
MLS# 22624060
4014 sqft
1 / 35
Open House (08/27/2026 - 5:30 pm - 7:30 pm)
Property Description
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
Details
Maps
Contract Info
Status: Active
List Date: 2026-08-05
Property Sub-Type: Mixed Use
Sale: Yes
Lease: No
List Price: $1,300,000
Current Price: $1,300,000
List Price/SqFt: 323.87
Location
House Number: 201
Street Name: 3rd
Street Suffix: Street
County: Union
Municipality: Elizabeth (ELI)
Postal City: Elizabeth
State: NJ
Zip Code: 07206
Area/Section: None
Complex/Subdivision: None
Directions: Elizabeth Ave to 3RD Street
General Property Info
# Levels: 3
Apx SqFt: 4014
Apx Year Built: 1905
Garage: Yes
# Car Garage: 1
Acreage: 0.04
Lot Dimensions: 26.03 x 75
Tax and Legal
Asmnt - Total: 790600
Taxes: 15946
Tax Year: 2025
Property Features
Use: Apartments; Other
Basement: Walk-Out Access
Cooling: Central Air; Window Unit(s)
Heating: Natural Gas; See Remarks
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: On Street
Zoning: Mixed
Assessment Status: Assessed
Financing: Cash
Supplements
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 often--don't wait on this one!
Listing Office: Keller Williams Realty West Monmouth
Listing Agent: Lara Jaber
Last Updated: August - 25 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
