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$599,999
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Property Description
Savvy investors and first-time buyers take note 220 Inslee Pl in Elizabeth City, NJ is the kind of multifamily opportunity that checks every box. Spanning nearly 20,000 square feet, this 5 bedroom, 3 bathroom multi-family property sits on a compact 0.06-acre footprint and delivers serious income-generating potential from day one.The layout is purpose-built for the house-hacker or portfolio builder occupy one unit while the rental income from the others helps offset your mortgage, building equity without stretching your budget. Separate utilities keep expenses clean and landlord responsibilities straightforward, a detail that experienced investors know to look for. A gas water heater rounds out the mechanical profile, keeping operating costs manageable.Location adds another layer of appeal situated close to major highways and transit options, the property draws from a broad pool of prospective tenants who value connectivity and convenience. The income potential positions this as a genuine wealth-building opportunity rather than just a place to live. Hardwood floors beneath the existing surfaces hint at the character waiting to be uncovered, and the private outdoor space provides a welcome retreat.Whether you are building your first rental portfolio or looking for an owner-occupied solution that helps offset your housing costs, 220 Inslee Pl presents a compelling opportunity.
Full Property Details
Full Property Details for 220 Inslee Pl
General
- Price: $599,999
- Taxes: $8,775 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4048986
- Updated: 8/29/2026
- Added to Site: 44 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Location
- County: Union
- Driving Directions: Use GPS.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Available
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: None, Off-Street Parking
Financial Considerations
- Expenses: Taxes
- Assessment Amount: $306,800
- Land Assmt: $128,300
- Tax Amount: $8,775
- Tax Year: 2025
Disclosures and Reports
- Block: 817
- Lot Number: 17
Listed by Serhant New Jersey Llc
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Schools
Schools serving 220 Inslee Pl
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 13, Benjamin Franklin Elementary School 248 Ripley Place, Elizabeth, NJ 07206 | PK-8 | 0.1 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1.6 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 1.6 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 1.6 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1.6 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 1.6 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 2.3 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 220 Inslee Pl
Date
Details
Price
Change
Source
8/29/2026
Listed
$599,999
90.48%
MLS
7/19/2019
Sold
$315,000
—
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 220 Inslee Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,776
50%
$435,100
2178%
2022
$5,841
2%
$19,100
—
2021
$5,720
4%
$19,100
—
2019
$5,505
1%
$19,100
—
2018
$5,452
3%
$19,100
—
2017
$5,300
—
$19,100
—
2016
$5,300
6%
$19,100
—
2015
$4,985
9%
$19,100
—
2013
$4,565
—
$19,100
—
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 220 Inslee Pl
220 Inslee Pl, Elizabeth, NJ 07206 (MLS# 4048986) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 220 Inslee Pl is currently listed for $599,999 and was received on August 29, 2026. Want to learn more about 220 Inslee Pl? 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.

