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$525,000
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Property Description
Great Investment Opportunity. Cash-producing large two-family property offering exceptional income potential. Each unit features 3 spacious bedrooms and 1 full bathroom, providing desirable layouts for tenants and strong rental demand. Conveniently located near major highways, public transportation, shopping, and local amenities. A solid, income-generating asset with room to grow-don't miss this opportunity.
Full Property Details
Full Property Details for 322 S 7th St
General
- Price: $525,000
- Taxes: $8,431 (2024)
- Status: Active
- Type: Duplex
- Source: Monmouth
- MLS ID: 22600276
- Updated: 1/5/2026
- Added to Site: 11 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Parking Features: On-Street, None
- Garage Description: None
Location
- Area: Elizabeth (ELI)
- Municipality: Elizabeth (ELI)
- County: Union
- Subdivision: None
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: Public Sewer, Public Water
Structural Information
- Exterior Const.: Brick
- Basement: Yes
- Roof: Flat
- Square Feet: 2,200
- Year Built: 1910
Unit Information
Unit 1
- Bedrooms: 3
Unit 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Dimensions: 25 x 100
- Zoning: Multifamily
Financial Considerations
- Price Per Sq. Ft.: $238.64
- Tax Amount: $8,431
- Tax Year: 2024
- Owner Pays: Water, Sewer
- Landlord Pays: Sewer, Water
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Property ID: 04-00604-0000-00005
- Section: None
Listed by RE/MAX Central, Michael Sclafani
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Schools
Schools serving 322 S 7th St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 15, Christopher Columbus Elementary School 511 3rd Avenue, Elizabeth, NJ 07202 | PK-8 | 0.3 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.3 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.4 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.4 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.5 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.5 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 322 S 7th St
Date
Details
Price
Change
Source
1/05/2026
Listed
$525,000
28.74%
MLS
2/17/2021
Sold
$407,813
—
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 322 S 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,431
-3%
$438,200
—
2023
$8,675
3%
$438,200
1488%
2022
$8,440
2%
$27,600
—
2021
$8,266
4%
$27,600
—
2019
$7,955
1%
$27,600
—
2018
$7,878
3%
$27,600
—
2017
$7,658
—
$27,600
—
2016
$7,659
6%
$27,600
—
2015
$7,203
9%
$27,600
—
2013
$6,596
—
$27,600
—
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 322 S 7th St
322 S 7th Street, Elizabeth, NJ 07202 (MLS# 22600276) is a Duplex property with 6 bedrooms and 2 full bathrooms. 322 S 7th Street is currently listed for $525,000 and was received on January 05, 2026. Want to learn more about 322 S 7th Street? Do you have questions about finding other Duplex real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

