For Multi Family

558 S Broad St,Elizabeth City, NJ 07202

April 30, 2026

Remarks: Great investment property. 5-unit building sitting on a 71×100 lot with 2 driveways. Could be a good opportunity for developer to build or may be possible to subdivide right side and build new 2 family. Left side is driveway for 5 cars with 2 car garage with loft above garage, leased to a contractor along with 2 one-bedroom units on 1st floor for $3,600.00, 2nd. studio rented for $1000.00 and the other 2 two-bedroom units rented for $1,500.00 each. The right side of the property have 8 parking spaces. (Bonus) basement is finished. One heating furnace that is 2 years old and heats entire building.

Property ID:PT-39425343-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 1,080,000 $

Bedrooms:8

Year Built:1925

Listing Details

Status: Active

Location

County: Union

Lotsize: 71X100

Lot Identifier: 33

Home Details

Open Parking: 14

Basement: Yes

Basmnt/Desc: Yes - Finished, Walkout

Acreage: 0.16

Total Baths: 6.00

Unit Style: 3-Three Story

Number of Units: 4

Rooms: 18

Easement/Desc: No

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas

Unit 1 Levels: 1

Unit 1 Rooms: 3

Unit 1 Beds: 1

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Rent: 1550

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 1 Security Deposit: 1550

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Electric

Unit 2 Levels: 1

Unit 2 Rooms: 3

Unit 2 Beds: 1

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Rent: 1550

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Security Deposit: 1550

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas

Unit 3 Levels: 2

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas

Unit 3 Handicap: No

Unit 3 Rent: 1500

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Security Deposit: 1500

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas

Unit 4 Levels: 2

Unit 4 Rooms: 4

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas

Unit 4 Handicap: No

Unit 4 Rent: 1500

Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 4 Security Deposit: 1500

Garage Description: Detached Garage, Oversize Garage

Number of Garage Spaces: 2

Block Identifier: 465

County Number: 29

Town Number: 2904

YB/Desc: 1925 - Approximate

Easement: No

Parking/Driveway Description: Additional Parking, Blacktop

Block Identifier: 465

County Number: 29

Town Number: 2904

Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 42500

Net Operating Income: 67900

Expense Include: Cold Water, Heat, Insurance, Taxes

Tax ID For Property: 2904-00465-0000-00033-0000-

Tax Amount: $23,913.00

Tax Year: 2025

Tax Rate: 2.017%

Tax Rate Year: 2025

Land Assessment: $300,000.00

Building Assessment: $885,600.00

Total Assessment: $1,185,600.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 1 Unit

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

558 S Broad St,Elizabeth City, NJ 07202

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