136 Park Pl Elizabeth, NJ $ 1,500,000
136 Park Pl
$ 1,500,000
Recently Listed
Share Save

136 Park Pl

Elizabeth, NJ, 07206
$ 1,500,000
Bedrooms-- Baths-- Sq 3,750

Monthly Estimate*

$ 9,236

136 Park Pl, Elizabeth, NJ 07206 - Image 1

Commercial Property for sale in Elizabeth, NJ

for $1,500,000 with 9 half baths. This 3,750 square foot building was built in 1920 on a lot size of 0.17.

Here's an MLS-style marketing description you can use and adjust once you have the exact unit mix and rents:Excellent investment opportunity in the heart of Elizabeth! This well-maintained 9-unit multifamily property sits on an oversized 75' x 100' lot and offers ample on-site parking, a rare feature for the area.The building features separate utilities for each unit, including individual boilers, providing efficient management and reduced owner expenses. Ideal for investors seeking strong cash flow and long-term appreciation potential.Conveniently located near major highways, public transportation, shopping, schools, Newark Liberty International Airport, and downtown Elizabeth. Large lot size may offer future development or expansion potential; buyers should conduct their own due diligence.Don't miss this opportunity to acquire a sizable income-producing asset in one of Union County's most active rental markets.For a more aggressive investor-focused version, I can also write one emphasizing **cap rate, cash flow, and value-add potential**.

See more

Commercial Active

Price

$ 1,500,000

Half Bath

9

Property Type

Commercial

Taxes

$ 16,095

Style

Apartment Complex

Lot Size

0.17

Year Built

1920

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4035246

Features
General
Sewer Public Sewer
Construction Formed Concrete Wood
Heating 4+ Units
Cooling No Cool
Utilities Gas-Natural
Possession 0 to 30
Roof Built-Up
Zoning r-3a
Garage Spaces 8
Year Built 1920
Tenant Pays Electric Gas Heat Hot Water
Township Elizabeth City
Property Type Apartment Complex Apartment Complex
Tax Year 2025
Ownership Fee Simple
Location Residential Area
Lease Information Month-To-Month
County Union
Status Active
Directions Take turnpike to **Exit 13A** toward **Newark Airport / Elizabeth / Route 1 & 9 South**.Continue to **138 Park Place Elizabeth
Number Of Units Total 9
Tax Annual Amount 16095
Drive Additional Parking Parking Lot-Exclusive
Leasable Area 3750
Standard Status Active
Tax Assessed Value 798000
Town # 2904
Tax Lot 6
Farm Assessment No
See more
Exterior
Water Source Public Water
Exterior Description Concrete
Building Area Total 3750
Lot Dimensions 75X100
Lot Size Acres 0.17
See more
Interior
Fuel Type Electric Gas-Natural
Total Stories 3
Half Baths 9
See more
* Excluded Features
List By
ALBERTO DOMENECH

Listing Agent

United Real Estate

Broker

Affordability Calculator

$10,577
Per Month
87%
13%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$1,341
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$1,500,000 Listed Price

Map


See all

136 Park Pl, Elizabeth, NJ, 07206 is a Commercial Property for sale at $1,500,000 with 3,750 sqft and a lot size of 0.17. 136 Park Pl was built in 1920. The property's zip code is 07206 which is in Elizabeth, NJ