For Multi Family

429 Niles St,Elizabeth City, NJ 07202

October 29, 2025

Brand New 2-Family Home in Desirable Peterstown! Discover modern luxury and a smart investment in this brand-new 2-family home, perfectly located in Elizabeth’s highly sought-after Peterstown section. This is a rare opportunity offering peace of mind with a 10-year builder’s warranty and significant savings from a 5-year tax abatement. Unit 1 (Owner’s unit): This stunning two-level unit boasts 3 large bedrooms, 2 full bathrooms, and a connected ground floor a versatile family room, an additional half bath, and a dedicated laundry room. Unit 2 features 3 spacious bedrooms and 2 full, contemporary bathrooms, all on one convenient level.Both units are appointed with top-quality, modern finishes, including gleaming hardwood floors, quartz countertops, and stainless steel appliances. This property is perfect for an owner-occupant seeking rental income or a savvy investor looking for a turnkey asset. Enjoy a prime location just moments from fantastic restaurants and shopping, with easy access to the NJ Turnpike for a quick commute. Don’t miss this opportunity. Schedule your tour today!

Property ID:PT-7359643-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 1,099,900 $

Bedrooms:6

Year Built:2025

Listing Details

Status: Active

Location

County: Union

Lotsize: 37X100

Lot Identifier: 16

Home Details

Subdivision: Peterstown

Open Parking: 2

Basement: No

Renovated: 2025

Acreage: 0.09

Total Baths: 5.10

Unit Style: 3-Three Story

Number of Units: 2

Rooms: 13

Easement/Desc: Unknown

Exterior Description: Brick, Vinyl Siding

Roof Description: Flat

Possesion: At Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 2

Unit 1 Rooms: 7

Unit 1 Beds: 3

Unit 1 Baths: 2.1

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas

Unit 1 Handicap: No

Unit 1 SqFt: 2260

Unit 1 Rent: 9999

Unit 1 Room Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Master Bedroom, Utility Room

Unit 1 Security Deposit: 9999

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 6

Unit 2 Beds: 3

Unit 2 Baths: 2.0

Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas

Unit 2 Handicap: No

Unit 2 SqFt: 1595

Unit 2 Rent: 9999

Unit 2 Room Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Master Bedroom, Utility Room

Unit 2 Security Deposit: 9999

Color of Building: White/Gray

Garage Description: Built-In Garage

Number of Garage Spaces: 2

Block Identifier: 529

County Number: 29

Town Number: 2904

YB/Desc: 2025 - Under Construction

Color of Building: White/Gray

Easement: Unknown

Parking/Driveway Description: 2 Car Width

Block Identifier: 529

County Number: 29

Town Number: 2904

Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 9999

Warranty: Yes

Tax ID For Property: 2904-00529-0000-00016-0000-

Tax Amount: $7,022.00

Tax Year: 2024

Tax Rate: 1.924%

Tax Rate Year: 2025

Land Assessment: $170,500.00

Total Assessment: $170,500.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air

Cool System: 2 Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

429 Niles St,Elizabeth City, NJ 07202

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