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700-702 Park AvenueElizabeth, NJ 07208

Multi-Family · 5,328 Sq. ft.
$1,300,000 Active

700-702 Park Avenue Overview

Time on Site:
3 days
Visits:
0

Welcome to an incredible, high-income producing opportunity located in the highly desirable and quiet residential section of Elmora Hills in Elizabeth, NJ! This massive, 5328 square foot multi-family property is perfect for a savvy investor looking to maximize their portfolio or a buyer wanting to occupy one unit while renting out the other two. The first unit is exceptionally spacious; offering three bedrooms and three bathrooms. Its main floor features a large kitchen, a bright living and dining area, two bedrooms and two bathrooms-including a primary bedroom with its own private bath. Up on the second level of this same unit, you will find an additional private bedroom and bathroom. The second unit features a comfortable two-bedroom, one-bathroom layout, while the third unit offers a cozy one-bedroom setup. Flooded with natural light, this home boasts a beautiful front yard, a detached garage, and a private driveway with ample parking. Situated in a convenient location, it offers close proximity to local shopping centers, parks, public transit, major highways, and Kean University. With its massive footprint, fantastic neighborhood, and immense rental upside, this property is a rare find that has a substantial return on investment. Don't miss out on this fantastic Elmora Hills gem-schedule your private tour today and see the endless potential for yourself!

Listing provided courtesy of KELLER WILLIAMS WEST MONMOUTH- MLS# 2618226RMLS Provider
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700-702 Park Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,328
  • Price/Sq.ft. $244

Details

General

Building Information

  • Year Built: 1920

Location/Region

  • County Or Parish: Union

Community/Development

  • Community Features: Curbs, Sidewalks

Tax Information

  • Tax Annual Amount: $19,839.00
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 0400084000000005
  • Property Sub Type: 3 Family
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 1
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 5
  • Bedrooms Total: 0

Building Interior

  • Building Area Total: 5328

General Information

  • Appliances: Water Heater(See Remarks, Gas), Unit 1(Range/Oven)
  • Basement: Full, Other Room(s), Utility Room
  • Cooling: A/C Central - Some, A/C Window Unit(s), Unit 1(A/C Central)
  • Interior Features: Unit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room, 2+ Baths), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room, See Remarks)
  • Living Area: 5328
  • Living Area Units: Square Feet
  • Rooms Total: 17
  • Stories: 3
  • Stories Total: 3

Exterior

Parking Information

  • Parking Features: Garage, Detached, See Remarks, 3-4 Car Parking

Lot Information

  • Lot Features: Corner Lot, See Remarks, Irregular Lot
  • Lot Size Dimensions: 150.00 x 61.14
  • Lot Size Square Feet: 0
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Water Source: Public

Building Exterior/Construction

  • Attached Garage: No
  • Patio And Porch Features: Enclosed, Deck
  • Roof: See Remarks

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 1
  • Exterior Features: Porch(es) - Enclosed, Curbs, Deck, Sidewalk
  • Sewer: Public Sewer
  • Utilities: Underground Utilities

700-702 Park Avenue Neighborhood

Community

07208 (Elizabeth City) Demographics

36
Median Age
18,157
Population Density (per sq. mile)
27%
College Educated
$50,861
Estimated Median Income
3,017
Estimated Total Home Owners
8,400
Estimated Total Renters
26% / 74%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

700-702 Park Avenue Monthly Cost

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%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

700-702 Park Avenue Market Data

Based on the last 30 days in this zip code

$727,499
Average List Price
$585
Average Price per Square Foot
1
Properties Sold
30
Average Days on Market
12
Properties for Sale
Calculations provided by Reliance Network

700-702 Park Avenue History

Date Event Value Agent
6/26/2026Source: BRIGHT MLS Added to Database
June 26, 2026