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614 12 4Th Ave, Elizabeth, NJ, 07202

4beds
3baths
0sqft
$550,000
--price/sqft
$3,842/moest. monthly cost
$153,680/yrincome needed

About This Home

Check out this amazing income-generating multifamily home! Why pay a mortgage when your house can pay it for you? Welcome to 614 1/2 Fourth Ave, a rare and versatile multi-family opportunity tucked away in one of Elizabeth's most convenient pockets - Peterstown. Whether you are looking to "house-hack" by living in one unit and renting the other, or you're an investor looking for a turn-key addition to your portfolio, this property delivers on every level. Two Modern Units: Bright, airy, and updated apartments featuring open layouts, contemporary kitchens with quartz counters, and stylish flooring. Bonus Value: The fully finished basement is a total game-changer! Perfect for a home office, recreation room, or massive storage area, adding significant usable square footage to the property. Separate Utilities: Ease of management with separate meters, making this a low-stress investment. All with an incredibly low property tax! Commuter's Dream: Located just minutes from the Elizabeth Train Station (Direct to NYC) and Newark Liberty International Airport. High Rental Demand: Situated near major employers, local hospitals, and the Jersey Gardens shopping hub. INVESTOR ALERT: This isn't just a home; it's a strategic asset. With a finished basement and two renovated units, the rental upside here is massive for the Elizabeth market. Don't wait for the "Sold" sign. Multi-family homes of this caliber with the added bonus of a finished basement are a rare find in today's market.

Getting Around

83
WalkingVery Walkable
43
TransitSome Transit
59
BikeBikeable

Construction

Condition

  • Year built: 1900

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: Exhaust Fan,Range/Oven - Gas,Kitchen Exhaust Fan

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Eat-in Kitchen,Living/Dining Room,Eat-In Kitchen

Heating & Cooling

  • Heating features: Baseboard - Hotwater,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 2904005400000000120000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck

Lot

  • Lot size: 1,306 sqft
  • Lot size dimensions: 16 x 75

Parking

  • Parking features: On Street