700-702 Park Avenue Elizabeth, NJ $ 1,300,000
700-702 Park Avenue
$ 1,300,000
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700-702 Park Avenue

Elizabeth, NJ, 07208
$ 1,300,000
Baths5.0 Sq 5,328

Monthly Estimate*

$ 8,208

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Studio

Multi-Family Home for sale in Elizabeth, NJ

for $1,300,000 with 5 full baths. This 5,328 square foot home was built in 1920.

Welcome to an incredible, high-income producing opportunity located in the highly desirable and quiet residential section of Elmora Hills in Elizabeth, NJ! This massive, 5328 square foot multi-family property is perfect for a savvy investor looking to maximize their portfolio or a buyer wanting to occupy one unit while renting out the other two. The first unit is exceptionally spacious; offering three bedrooms and three bathrooms. Its main floor features a large kitchen, a bright living and dining area, two bedrooms and two bathrooms-including a primary bedroom with its own private bath. Up on the second level of this same unit, you will find an additional private bedroom and bathroom. The second unit features a comfortable two-bedroom, one-bathroom layout, while the third unit offers a cozy one-bedroom setup. Flooded with natural light, this home boasts a beautiful front yard, a detached garage, and a private driveway with ample parking. Situated in a convenient location, it offers close proximity to local shopping centers, parks, public transit, major highways, and Kean University. With its massive footprint, fantastic neighborhood, and immense rental upside, this property is a rare find that has a substantial return on investment. Don't miss out on this fantastic Elmora Hills gem-schedule your private tour today and see the endless potential for yourself!

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Multi-Family Active

Price

$ 1,300,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 19,839

Style

Year Built

1920

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

2618226R

Features
General
Living Area 5328
Sewer Public Sewer
Heating Radiant Forced Air
Cooling A/C Central - Some A/C Window Unit(s) Unit 1(A/C Central)
Utilities Underground Utilities
Roof See Remarks
Year Built 1920
Stories Count 3
Property Subtype 3 Family
Tax Year 2025
County Union
Property Type Residential Income
Full Baths 0
Close Price 0
Status Active
City Elizabeth
Lot Size Square Feet 0
Tax Annual Amount 19839
Living Area Units Square Feet
Standard Status Active
Appliances Water Heater(See Remarks Gas) Unit 1(Range/Oven)
Gas Y/N Natural Gas
Virtual Tour https://www.propertypanorama.com/instaview/msx/2618226R
Garage Spaces 1
Ownership Fee Simple
Attached Garage false
Garage Y/N true
Total Rooms 17
Carport Spaces 0
Carport Y/N false
Community Features Curbs Sidewalks
Patio/Porch Features Enclosed Deck
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Interior
Interior Amenities Unit 1(Dining Room 3 Bedrooms Kitchen 1 Bath Living Room 2+ Baths) Unit 2(2 Bedrooms Kitchen 1 Bath Living Room See Remarks) Unit 3(1 Bedroom Kitchen 1 Bath Living Room See Remarks)
Total Stories 3
Heating Y/N true
Half Baths 0
Total Baths 5
Basement Full Other Room(s) Utility Room
Total Bedrooms 0
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Exterior
Parking Features Garage Detached See Remarks 3-4 Car Parking
Lot Features Corner Lot See Remarks Irregular Lot
Water Source Public
Building Area Total 5328
Lot Dimensions 150.00 x 61.14
Covered Spaces 1
Exterior Amenities Porch(es) - Enclosed Curbs Deck Sidewalk
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 0
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* Excluded Features
List By
Keller Williams West Monmouth

Broker

Affordability Calculator

$9,862
Per Month
83%
17%
0%
Monthly Principal & Interest
$8,208
Monthly Property Taxes
$1,653
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$1,300,000 Listed Price

Map


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700-702 Park Avenue, Elizabeth, NJ, 07208 is a Multi-Family Home for sale at $1,300,000 with 5,328 sqft. 700-702 Park Avenue is a studio with 5.0 baths and was built in 1920. The property's zip code is 07208 which is in Elizabeth, NJ