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$725,000
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Property Description
This remarkable brick building is rare in the heart of Elizabethport, one of Elizabeth, NJ's fastest-growing neighborhoods. The area has undergone significant redevelopment and continues thriving as a growth and opportunity hub. The property features a spacious 2,300-square-foot commercial space on the first floor. The second floor hosts two apartments, each offering three spacious bedrooms and modern eat-in kitchens. Central air conditioning/heat runs throughout the building. Located just minutes from major highways, shopping centers, Newark Liberty International Airport, IKEA, Jersey Gardens Mall, and other key amenities. Don't miss your chance to secure this exceptional property as a valuable addition to your investment portfolio!
Full Property Details
Full Property Details for 173-175 3rd St
General
- Price: $725,000
- Taxes: $16,567 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4053318
- Updated: 9/16/2026
- Added to Site: 13 day(s) ago
Interior
- Number of Rooms: 11
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Location
- County: Union
- Driving Directions: Between Magnolia Ave. and Court St
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 2-Two Story, Under/Over
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Unfinished
- Roof: Flat
- Year Built: 1920
Unit Information
Unit 1
- Unit Description: See Remarks
- Levels/Stories: 1
- Total Bathrooms: 2
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Utility Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Utility Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.12
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $471,400
- Land Assmt: $350,000
- Tax Amount: $16,567
- Tax Year: 2025
Disclosures and Reports
- Block: 804
- Lot Number: 19
Listed by Bhgre Elite
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Schools
Schools serving 173-175 3rd St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 1, George Washington Elementary School 250 Broadway, Elizabeth, NJ 07206 | PK-8 | 0.2 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1.4 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 1.4 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 173-175 3rd St
Date
Details
Price
Change
Source
9/16/2026
Listed
$725,000
302.78%
MLS
8/21/2015
Sold
$180,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 173-175 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,568
50%
$821,400
—
2023
$11,032
3%
$821,400
2240%
2022
$10,733
2%
$35,100
—
2021
$10,512
4%
$35,100
—
2019
$10,117
1%
$35,100
—
2018
$10,019
3%
$35,100
—
2017
$9,739
—
$35,100
—
2016
$9,740
6%
$35,100
—
2015
$9,161
9%
$35,100
—
2013
$8,388
—
$35,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 173-175 3rd St
173-175 3rd St, Elizabeth, NJ 07206 (MLS# 4053318) is a Multi-Family property with 3 units containing 6 bedrooms, 2 full bathrooms and 2 partial bathrooms. 173-175 3rd St is currently listed for $725,000 and was received on September 16, 2026. Want to learn more about 173-175 3rd St? Do you have questions about finding other Multi-Family real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

