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$1,475,000
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Property Description
Multifamily Development Project. This mixed-use property is ideally located near the NJ Transit Elizabeth Station and offers unlimited potential. Zoned for both multi-family residential and C-2 commercial use, it provides outstanding flexibility for investors, developers, and business owners alike. Whether you are planning residential units, a mixed-use project, or a successful commercial venture, the possibilities are endless. With excellent visibility, accessibility, and versatility, this property presents a unique opportunity in a prime location. Buyers are responsible for confirming permitted uses with the municipality
Full Property Details
Full Property Details for 217 Rahway Ave
General
- Price: $1,475,000
- Taxes: $20,238 (2025)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4033212
- Updated: 6/9/2026
- Added to Site: 80 day(s) ago
Business
- Includes: See Remarks
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 4
Additional Information
- Equipment: See Remarks
Parking
- Parking: Common
Location
- County: Union
- Driving Directions: Rahway Avenue
- Location Details: See Remarks
Heating & Cooling
- Cooling Type: 1 Unit
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric
Structural Information
- Construction: Brick/Block
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Stories in Building: 3
- Square Feet: 3,115
- Aprox. Leasable: 3,115 Sq. Ft.
- Office: 3,115 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size: 62X258 IRR
- Zoning: C-2
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $1,003,400
- Land Assmt: $617,500
- Tax Amount: $20,238
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Survey Available
- Disclosures: Yes
- APN: 2904-00350-0000-00032-0000-
- Block: 350
- Lot Number: 32
Listed by Weichert Realtors
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Schools
Schools serving 217 Rahway Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
No 4 John Battin Elementary School 300 South Broad Street, Elizabeth, NJ 07202 | PK-8 | 0.4 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 0.5 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.5 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.5 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.6 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.9 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 217 Rahway Ave
Date
Details
Price
Change
Source
6/09/2026
Listed
$1,475,000
268.75%
MLS
7/15/2016
Sold
$400,000
—
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 217 Rahway Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,239
6%
$1,003,400
—
2023
$19,078
3%
$1,003,400
1553%
2022
$18,561
2%
$60,700
—
2021
$18,178
5%
$60,700
—
2018
$17,326
-1%
$60,700
—
2019
$17,496
4%
$60,700
—
2017
$16,842
-7%
$60,700
-7%
2016
$18,148
6%
$65,400
—
2015
$17,069
9%
$65,400
—
2013
$15,629
—
$65,400
—
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 217 Rahway Ave
217 Rahway Ave, Elizabeth, NJ 07202 (MLS# 4033212) is a Commercial property. 217 Rahway Ave is currently listed for $1,475,000 and was received on June 09, 2026. Want to learn more about 217 Rahway Ave? Do you have questions about finding other Commercial real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

