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Thomas "Chopper" Russo

chopper@chopperrussoteam.com +1(201) 240-5200

$ 550,000

Est. payment | -/mo

4 Beds

3 Baths

1,306 Sqft Lot

Save

$ 550,000

Est. payment | -/mo

Save

4 Beds

3 Baths

1,306 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Peterstown

MLS Listing ID 4012588

Style 2-Two Story

Bedrooms 4

Full Baths 3

Year Built 1900

Annual Tax Amount $7,491

Tax Year 2025

Lot Size 1,306 Sqft

Property 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.

Location

State NJ

County Union

Rooms

Basement Finished, Full, Walkout

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Others

Senior Community No

Listed by REAL

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Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

614 12 4Th Ave Elizabeth City, NJ 07202

Thomas "Chopper" Russo

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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614 12 4Th Ave