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… Read More 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. Read Less
Courtesy of REAL.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
4
Lot Size
0.03 Acres
Year Built
1900
MLS Number
4004287
30 Days Snapshot Of 07202
$433k
+1%
(avg) sold price
3
-40%
homes sold
91
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished, Full, Walkout, Yes
Building
Built in 1900, Renovated in 2022
Cooling
Window A/C(s)
Exterior Features
Vinyl Siding, Deck
Water Features
Public Water
Heating
Gas-Natural, Baseboard - Hotwater
Lot
Approximate Lot Size: 16X75, 0.03 acres
Parking
On-Street Parking
Property
2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $7,145, Tax Rate: 1.924
Unit One
1 bathroom, 2 bathrooms, 9,999 sqft, Handicap Accessibility: No, Kitchen Exhaust Fan, Range/Oven - Gas
Unit Two
1 bathroom, 2 bathrooms, 9,999 sqft, Handicap Accessibility: No, Kitchen Exhaust Fan, Range/Oven - Gas
Utilities
Gas-Natural
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
Confirm your time
Fill in your details and we will contact you to confirm a time.
