201 3rd Street, Elizabeth, NJ 07206

$1,300,000

Property Type: Commercial Square Footage: 4,014 Lot Size (sq. ft.): 1,742 Status: Active

Current Price: $1,300,000 List Date: 8/05/2026 Last Modified: 8/28/2026

Overview

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

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 Details MLS# 22624060

Contract Info

Property Sub-Type: Mixed Use
Sale: Yes
Lease: No
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: Yes
Acreage: 0.04
Lot Dimensions: 26.03 x 75

Tax and Legal

Asmnt - Total: 790600
Taxes: 15946
Tax Year: 2025

More Information

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

Listing Office: Keller Williams Realty West Monmouth

Listing Agent: Lara Jaber

Last Updated: August - 28 - 2026

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