Listing Details

614 12 4Th Ave,Elizabeth City, NJ 07202-3716

  • March 5, 2026

Description

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.

Details

Last Updated On: March 5th, 2026 at 1:27 am
Property ID:PT-30631540-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 599,900 $
Bedrooms:4
Year Built:1900

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 16X75
Lot Identifier: 12
Lot Identifier: 12

Home Details

Subdivision: Peterstown
Open Parking: 0
Basement: Yes
Renovated: 2022
Basmnt/Desc: Yes - Finished, Full, Walkout
Acreage: 0.03
Total Baths: 3.00
Unit Style: 2-Two Story
Number of Units: 2
Rooms: 9
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: At Closing
Unit 1 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 1 Levels: 1
Unit 1 Rooms: 4
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 Lease Expire: 2026-02-10
Unit 1 Rent: 2500
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
Unit 1 Security Deposit: 2475
Unit 2 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 2 Levels: 2
Unit 2 Rooms: 4
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 Lease Expire: 2026-05-31
Unit 2 Rent: 1800
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
Unit 2 Security Deposit: 1877
Block Identifier: 540
County Number: 29
Town Number: 2904
YB/Desc: 1900 - Approximate, Renovated
Easement: Unknown
Parking/Driveway Description: On-Street Parking
Block Identifier: 540
County Number: 29
Town Number: 2904
Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 9999999
Net Operating Income: 999999
Tax ID For Property: 2904-00540-0000-00012-0000-
Tax Amount: $7,491.00
Tax Year: 2025
Tax Rate: 2.017%
Tax Rate Year: 2025
Land Assessment: $113,800.00
Building Assessment: $257,600.00
Total Assessment: $371,400.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: Baseboard - Hotwater
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Features

  • Deck

Statistics

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