32 Cedar Ave, Elizabeth, NJ, 07202
About This Home
Welcome to this exceptional investment opportunity. This versatile property was fully renovated in 2024 and features a fresh interior throughout.The layout is thoughtfully designed with 5 spacious bedrooms, 2 full kitchens, and 3 separate living rooms, creating three fully self contained units.Theprimary unit offers 3 bedrooms, providing a perfect residence for an owner occupant while the two additional units generate significant supplemental income.The property is currently operating as 3 active Airbnb spaces with a proven track record of short term rental success. Outside, you will find a private drivewayand a backyard designed for entertaining, which are rare features in this competitive market.Investors will appreciate the low property taxes of only $7,900 peryear, a factor that significantly maximizes net returns.The location offers unmatched convenience for commuters and travelers alike. Residents enjoyimmediate access to NYC bound buses and NJ Transit trains, making it a true car free destination. The property is minutes from Newark Liberty InternationalAirport and provides direct access to Routes 1/9, the NJ Turnpike, and the Garden State Parkway. Its proximity to the Prudential Center and MetLife Stadium ensures high desirability in Union County's largest city.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1990
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Carbon Monoxide Detector,Microwave,Range/Oven-Gas,Refrigerator,Water Softener Owned,Wine Refrigerator,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Finished
Bedroom1
- Level: First
Bedroom2
- Level: Second
Bedroom3
- Level: Second
Bedroom4
- Level: Third
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining Room
- Level: First
Family Room
- Level: Ground
Features
- Window features: Thermal Windows/Doors
- Number of fireplaces: 1
- Fireplace features: Living Room,Non-Functional
- Fireplace: Yes
Heating & Cooling
- Heating features: 1 Unit,Zoned,Natural Gas
- Cooling features: 1 Unit,Central Air
Kitchen
- Features: Eat-in Kitchen
Living Room
- Level: First
Property
Details
- Parcel number: 2904003740000000050000
- Zoning description: T2
- Exclusions: furniture and appliances except gas stove
Features
- Private pool: Yes
- Pool features: Above Ground,Heated
- Patio & porch: Patio
- Exterior features: Barbecue,Curbs,Sidewalk
Lot
- Lot size: 2,613 sqft
- Features: Level
- Lot size dimensions: 25 x 100
Parking
- Total spaces: 1
- Parking features: 1 Car Width
- Uncovered spaces: 1
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
- Winter Weather
- Cold Wave
- Heat Wave
- Ice Storm
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,332 | $39,984 |
| Home Insurance * | $228 | $2,736 |
| Property Taxes | $813 | $9,756 |
| Electricity | $193 | $2,318 |
| Total | $4,566 | $54,792 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-24 | Price change | $699,000 |
| 2026-04-23 | Listed for sale | $588,999 |
| 2021-07-26 | Sold | $365,000 |
| 2000-09-28 | Sold | $123,500 |
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