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322 S 7Th St, Elizabeth, NJ, 07202

4beds
1baths
2,200sqft
$519,000
$236price/sqft
$3,685/moest. monthly cost
$147,400/yrincome needed

About This Home

Great Investment Opportunity in Elizabeth!! Large Two-Family property with full basement. All utilities are split. Both Units are large 2BR/1BA apartments. Located by all major highways. Can accommodated a quick closing. One unit is vacant, great opportunity to live in one unit and rent out other; or place another tenant for strong cash flow.

Getting Around

87
WalkingVery Walkable
49
TransitSome Transit
59
BikeBikeable

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Flat
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Bilco-Style Door,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Bedrooms,Eat-in Kitchen,Family Room,Eat-In Kitchen

Heating & Cooling

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

Interior Area

  • Total structure area: 2,200
  • Total interior livable area: 2,200 sqft

Property

Details

  • Parcel number: 2904006040000000050000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 100

Parking

  • Parking features: On Street,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

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather
Coastal Flooding
Cold Wave
Earthquake
Heat Wave
Ice Storm
Tornado

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 $2,624$31,488
Home Insurance *$179$2,148
Property Taxes $640$7,680
Electricity $242$2,910
Total$3,685$44,220
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$126,342/yr
40% on housing$110,550/yr
45% on housing$98,266/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

$236This listing

vs Other Active Listings

Avg $/sqft

ZIP 07202$259
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
2026-08-05Price change$510,000
2026-06-24Listed for sale$519,000
2026-06-14Listing removed$519,000
2026-06-02Price change$519,000
2026-05-22Listed for sale$525,000
2026-02-09Pending sale$525,000
2026-01-05Listed for sale$525,000
2025-07-01Listing removed$529,000
2025-04-01Listed for sale$529,000
2025-04-01Listing removed$549,000
2025-03-05Price change$549,000
2025-01-29Price change$560,000
2025-01-02Listed for sale$585,000
2024-11-19Listing removed$599,000
2024-10-01Listed for sale$599,000
2019-04-11Sold$200,000
2007-11-26Sold$200,000
2005-02-22Sold$299,900
1997-07-02Sold$97,900

For Sale by Agent

AgentMichael Sclafani
BrokerageRe/Max Central

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