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546 S Broad St, Elizabeth, NJ, 07202

6beds
4baths
19,998sqft
$730,000
$37price/sqft
$7,181/moest. monthly cost
$287,240/yrincome needed

About This Home

Welcome to this exceptional income-producing multifamily property, ideally located in the heart of Elizabeth.Just minutes from the Elizabeth Train Station and with convenient access to Route 1-9, this home offers excellentconnectivity and proximity to Trinitas Hospital, Elizabeth High School, shopping centers, restaurants,laundromats, and public transportation making it a highly desirable rental location.This well-maintained and updated property features two spacious apartments, each offering 3 bedrooms and 2bathrooms. Additional highlights include a finished attic and a bonus finished basement, providing extra living or storage space and enhancing the property's versatility.The current tenants are on month-to-month leases, offering flexibility for investors or potential owner-occupants.Whether you are looking to expand your investment portfolio or live in one unit while generating rental income from the other, this desirable multifamily property presents an excellent opportunity.Schedule your showing today and come see everything this amazing property has to offer.

Getting Around

81
WalkingVery Walkable
43
TransitSome Transit
56
BikeBikeable

Schools

4/10
1/10

Construction

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2022

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator,See Remarks

Basement

  • Has basement: Yes
  • Basement: Yes,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Bedrooms,Dining Room,Eat-in Kitchen,Living Room,See Remarks,Eat-In Kitchen

Heating & Cooling

  • Heating features: Radiators - Steam,See Remarks,Natural Gas
  • Cooling features: Wall Unit(s),Window Unit(s)

Interior Area

  • Total structure area: 19,998
  • Total interior livable area: 19,998 sqft

Property

Details

  • Parcel number: 2904004650000000360000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 26.5 x 100

Parking

  • Parking features: On Street,None,On-Street Parking
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Coastal Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,691$44,292
Home Insurance *$252$3,024
Property Taxes $1,034$12,408
Electricity $2,204$26,453
Total$7,181$86,172
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$246,205/yr
40% on housing$215,430/yr
45% on housing$191,493/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$37This listing

vs Other Active Listings

Avg $/sqft

ZIP 07202$267
Union County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 07202$355
Union County$416

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-19Listed for sale$730,000
2021-04-20Sold$479,000
2020-12-08Listing removed$479,000
2020-09-29Listed for sale$479,000
2019-03-08Sold$367,000
2019-02-02Pending sale$369,900
2019-01-12Listed for sale$369,900
2019-01-08Pending sale$369,900
2018-12-20Listed for sale$369,900
2018-06-22Sold$255,000
2018-01-16Sold$1,000
2017-10-30Listed for sale$329,000
2014-07-04Listing removed$1,250
2014-05-16Listed for rent$1,250
2002-02-02Sold$126,000

For Sale by Agent

AgentSteffania Olivo
BrokerageRealty One Group Legend

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