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$799,000 Coming Soon
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Property Description
Welcome to this versatile two-family property offering three bedrooms and one full bathroom in each unit, plus a bonus ground-level studio space providing additional flexibility for a home office, guest suite, recreation area, or potential additional living space. Each apartment offers a functional layout with comfortable living areas and ample bedroom space, making this property ideal for an owner-occupant or investor.Conveniently located in Elizabeth with easy access to shopping, restaurants, public transportation, major highways, schools, and everyday amenities, this property offers both convenience and income potential. Whether you're looking to generate rental income while occupying one unit or add a strong investment property to your portfolio
Full Property Details
Full Property Details for 42 S 5th St
General
- Price: $799,000
- Taxes: $11,206 (2025)
- Status: Coming Soon
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4048661
- Updated: 8/25/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Attached Garage
Location
- County: Union
- Driving Directions: LOOMIS ST. TO 2ND AVE. TO S 5TH ST.
Heating & Cooling
- Cooling Type: 1 Unit
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, See Remarks
Structural Information
- Architectural Style: 2-Two Story, Under/Over
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Walk-Out
- Roof: Asphalt Shingles
- Year Built: 1990
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Living Room, Pantry
- Square Feet: 1000
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Dining Room, Living Room, Pantry
- Square Feet: 1000
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.05
- Lot Dimensions: 29 x 78
- Driveway/Sidewalk: 2 Car Width
- Lot Description: Corner
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $402,000
- Land Assmt: $153,600
- Tax Amount: $11,206
- Tax Year: 2025
Disclosures and Reports
- Block: 682
- Lot Number: 1.01
Listed by World Class Realty Group
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Schools
Schools serving 42 S 5th St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Sonia Sotomayor School No 25 525 1st Avenue, Elizabeth, NJ 07206 | PK-8 | 0.2 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.6 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.9 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.9 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.5 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 42 S 5th St
Date
Details
Price
Change
Source
8/25/2026
Listed
$799,000
128.29%
MLS
7/12/2018
Sold
$350,000
—
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 42 S 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,206
-21%
$555,600
1095%
2022
$14,219
2%
$46,500
—
2021
$13,926
—
$46,500
-5%
2021
$13,926
-1%
$49,000
—
2019
$14,124
-15%
$49,000
-16%
2018
$16,641
3%
$58,300
—
2017
$16,176
—
$58,300
—
2016
$16,178
6%
$58,300
—
2015
$15,216
9%
$58,300
—
2013
$13,933
—
$58,300
—
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 42 S 5th St
42 S 5th St, Elizabeth, NJ 07206 (MLS# 4048661) is a Multi-Family property with 2 units containing 6 bedrooms and 3 full bathrooms. 42 S 5th St is currently listed for $799,000 and was received on August 25, 2026. Want to learn more about 42 S 5th 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.

