For Multi Family

636 Norwood Ter,Elizabeth City, NJ 07202-3614

October 28, 2025

Spacious 2-family home featuring 2 units with 4 bedrooms and 2 full baths each. The finished basement offers a bonus room, a summer kitchen, and a large recreation area perfect for extra living space or entertaining. Conveniently located near NY train & bus transportation, major highways, and shopping areas. Great opportunity for owner-occupant or investor!

Property ID:PT-7191694-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 950,000 $

Bedrooms:8

Year Built:2007

Listing Details

Status: Active

Location

County: Union

Lotsize: 42X100

Lot Identifier: 6

Home Details

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished, Walkout

Acreage: 0.10

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 2

Rooms: 16

Easement/Desc: Unknown

Exterior Description: Brick, Stucco, Vinyl Siding

Roof Description: Composition Shingle

Possesion: at closing

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

Unit 1 Levels: 1

Unit 1 Rooms: 9

Unit 1 Beds: 4

Unit 1 Baths: 3.0

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

Unit 1 Handicap: No

Unit 1 SqFt: 2100

Unit 1 Rent: 2900

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living/Dining Room, Pantry, Rec Room

Unit 1 Security Deposit: 2900

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

Unit 2 Levels: 2

Unit 2 Rooms: 7

Unit 2 Beds: 4

Unit 2 Baths: 2.0

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

Unit 2 Handicap: No

Unit 2 SqFt: 1500

Unit 2 Rent: 2200

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

Garage Description: Built-In Garage, Garage Door Opener

Number of Garage Spaces: 2

Block Identifier: 474

County Number: 29

Town Number: 2904

YB/Desc: 2007 - Approximate

Easement: Unknown

Parking/Driveway Description: 2 Car Width, Concrete

Block Identifier: 474

County Number: 29

Town Number: 2904

Possession: at closing

Taxes, Fees & Assessments

Gross Operating Income: 61200

Net Operating Income: 42000

Expense Include: Cold Water, Insurance, Taxes

Tax ID For Property: 2904-00474-0000-00006-0000-

Tax Amount: $15,059.00

Tax Year: 2024

Tax Rate: 1.924%

Tax Rate Year: 2025

Land Assessment: $188,000.00

Building Assessment: $594,700.00

Total Assessment: $782,700.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units

Cool System: 2 Units

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground, Electric, Gas-Natural

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Listing Details

636 Norwood Ter,Elizabeth City, NJ 07202-3614

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