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$875,000
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Property Description
173-175 Third St is renovated mixed-use brick building located in the Elizabeth Port section of Elizabeth, offering a strong opportunity for both commercial and residential use. The property features approximately 2,300 sq ft of commercial space on the first floor, suitable for a variety of uses. The second floor includes two fully renovated residential units, each offering 3 bedrooms and modern eat-in kitchens with brand new flooring throughout and new bathrooms. The building is equipped with central air and heat throughout, providing year-round comfort. Conveniently located near major highways, shopping centers, Newark Liberty International Airport, IKEA, Jersey Gardens Mall, and public transportation, offering excellent accessibility to surrounding areas and NYC commuter routes.
Full Property Details
Full Property Details for 173 3rd St
General
- Price: $875,000
- Taxes: $16,567 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4026848
- Updated: 5/12/2026
- Added to Site: 14 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Exterior
- Color: YellowBric
Location
- County: Union
- Subdivision: Elizabeth Port
- Driving Directions: 173-175 Third St, Elizabeth, NJ 07206
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: 3 Units
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 2-Two Story, Duplex-Side by Side
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Bilco-Style Door
- Roof: Flat
- Year Built: 1924
- Remodeled/Updated: 2023
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Square Feet: 2300
- Levels/Stories: 1
- Total Bathrooms: 1
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 1200
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 1200
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.12
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: See Remarks
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 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 3rd St
Date
Details
Price
Change
Source
5/12/2026
Listed
$875,000
386.11%
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 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,804
43%
$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 3rd St
173 3rd St, Elizabeth, NJ 07206 (MLS# 4026848) is a Multi-Family property with 3 units containing 6 bedrooms and 3 full bathrooms. 173 3rd St is currently listed for $875,000 and was received on May 12, 2026. Want to learn more about 173 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.

