149 Elmora Ave Elizabeth, NJ $ 1,499,000
149 Elmora Ave
$ 1,499,000
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149 Elmora Ave

Elizabeth, NJ, 07202
$ 1,499,000
Bedrooms7 Baths4.2

Monthly Estimate*

$ 9,465

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Multi-Family Home for sale in Elizabeth, NJ

for $1,499,000 with 7 bedrooms and 4 full baths, 2 half baths. This home was built in 1925.

Prime mixed-use investment opportunity in the heart of Elizabeth! Located directly on vibrant Elmora Avenue, this income-producing property features 5 units total: 3 residential apartments plus 2 commercial spaces and is currently generating over $10,000 per month in gross rental income. All tenants are on month-to-month agreements, providing flexibility for the new owner.Surrounded by restaurants, banks, supermarkets, laundromats, shops, and established businesses, the property offers excellent visibility and convenience. Ideally located near Newark Liberty International Airport, major highways, and public transportation, approximately 30 minutes from Manhattan.Perfect for an investor looking to expand a portfolio or an owner-user seeking to operate a business while generating income from the remaining units. Strong cash flow, multiple income streams, excellent location, and tremendous long-term potential make 149 Elmora Ave a rare investment opportunity in Elizabeth.

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Multi-Family Active

Price

$ 1,499,000

Bedrooms

7

Full Bath

4

Half Bath

2

Property Type

Multi-Family

Taxes

$ 14,972

Style

Under/Over

Year Built

1925

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4056978

Features
Interior
Interior Amenities Carbon Monoxide Detector See Remarks Smoke Detector Wood Floors
Basement Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 0
Unit 2 Baths Total 1.0
Unit 2 Beds Total 0
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 4
Fuel Type Gas-Natural
Half Baths 2
Total Bedrooms 7
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General
Sewer Public Available See Remarks
Heating 4+ Units Radiant - Hot Water Radiators - Hot Water
Cooling Window A/C(s)
Utilities Gas-Natural
Possession NA
Roof Asphalt Shingle
Water Heater Gas
Architectural Style See Remarks Under/Over
Year Built 1925
Garage Garage Parking
Township Elizabeth City
Tax Year 2025
Gross Income 23796
County Union
Net Operating Income 90000
Operating Expense 110000
Total Rooms 26
Full Baths 4
Status Active
Directions Use GPS to 149 Elmora Ave Elizabeth NJ 07202. Near major highways public transit Newark Airport shopping dining & NYC transportation.
High School Elmora
Open Parking Spaces 7
Number Of Units Total 4
Elementary School Elmora
Tax Annual Amount 14972
Home Warranty Y/N Yes
Middle/Junior High School Elmora
Drive 2 Car Width
Standard Status Active
Tax Assessed Value 742300
Town # 2904
Tax Lot 3
Farm Assessment No
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Exterior
Exterior Amenities Patio See Remarks
Water Source Public Water
Exterior Description Composition Shingle
Lot Dimensions 30X200 IRR
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* Excluded Features
List By
RICHARD BRITO BENJAMIN

Listing Agent

Re/Max Select

Broker

Affordability Calculator

$10,713
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,465
Monthly Property Taxes
$1,248
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
4921229 Elementary School
4921227 Middle School
Elmora High School High School
Pricing History
DatePricePrice ChangeDescription
10/5/2026$1,499,000 Listed Price

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149 Elmora Ave, Elizabeth, NJ, 07202 is a Multi-Family Home for sale at $1,499,000. 149 Elmora Ave has 7 bedrooms, 4.2 baths, and was built in 1925. The property's zip code is 07202 which is in Elizabeth, NJ