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$829,000 -$66,000 (-7.37%) Price Reduced

  • For Sale
  • Active
  • Apartment
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425 3rd Ave, Elizabeth, NJ is a fully occupied commercial property featuring five income-producing units, offering an excellent opportunity for investors. The building includes a total of 22 rooms,7 bedrooms and 5 full bathrooms, with stable tenants already in place. The property also offers on-site parking, a valuable amenity in this area. Conveniently located near public transportation with easy access to New York City and the NJ Turnpike, this asset combines strong rental potential with a prime, commuter-friendly location.

Full Property Details for 425-427 3rd Ave

General

  • Price: $829,000
  • Taxes: $13,312 (2024)
  • Status: Active
  • Type: Apartment
  • Source: Garden_State
  • MLS ID: 4004047
  • Updated: 3/7/2026
  • Added to Site: 59 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease Terms: 1 Year Minimum, Month-To-Month

Interior

  • Flooring: Laminate, Vinyl-Linoleum, Wood

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Restrooms: 5

Additional Information

  • Equipment: Appliances, See Remarks, Smoke Detector

Exterior

  • Color: beige

Parking

  • Garage Spaces: 4
  • Total Spaces: 2
  • Parking: 2 Car Width, Off-Street Parking, See Remarks

Location

  • County: Union
  • Driving Directions: Right of route 1, Nearby NJ turnpike
  • Location Details: Residential Area

Heating & Cooling

  • Cooling Type: Wall A/C Unit(s), Window A/C(s)
  • Heating Type: Baseboard - Hotwater, Heat Pump
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Available
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Construction: Wood
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Walk-Out
  • Roof: Asphalt Shingles
  • Stories in Building: 3
  • Square Feet: 5,000
  • Aprox. Leasable: 5,000 Sq. Ft.
  • Year Built: 1905

Unit Information

  • 1 Bedroom Units: 3
  • 2 Bedroom Units: 2
  • Units w/Full Bath: 5

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size: 50X100
  • Zoning: commercial
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $173
  • Expenses: See Remarks
  • Assessment Amount: $691,900
  • Land Assmt: $250,000
  • Tax Amount: $13,312
  • Tax Year: 2024
  • Owner Pays: See Remarks, Sewer, Water
  • Tenant Pays: Cable T.V., Electric, Gas, Heat, See Remarks
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Survey Available
  • Disclosures: Yes
  • APN: 2904-00688-0000-00025-0000-
  • Block: 688
  • Lot Number: 25

Listed by Premier Homes

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Listing agent

— 425-427 3rd Ave —

  • Premier Homes

908-245-6767

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 425-427 3rd Ave

School District:Elizabeth City School District
NameGradesDistance
Number 15, Christopher Columbus Elementary School
511 3rd Avenue, Elizabeth, NJ 07202
PK-80.2 mi
T A Edison Career Tech Academy
625 Summer Street, Elizabeth, NJ 07202
9-120.5 mi
Adm W F Halsey Leadership Academy
641 South Street, Elizabeth, NJ 07202
9-120.8 mi
John E Dwyer Tech Academy
123 Pearl Street, Elizabeth, NJ 07202
9-120.8 mi
T Jefferson Arts Academy
27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201
9-121 mi
Elizabeth High School
40 Morrell Street, Elizabeth, NJ 07202
9-121 mi
A Hamilton Preparatory Academy
310 Cherry Street, Elizabeth, NJ 07208
9-121.6 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 425-427 3rd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/07/2026
Price Reduced
$829,000
-7.37%
MLS
1/07/2026
Listed
$895,000
57.02%
MLS
3/31/2022
Sold
$570,000
—
Public Record
Get Price Alerts and Save Property
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 for 425-427 3rd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,312
-2%
$691,900
—
2023
$13,515
3%
$691,900
1509%
2022
$13,149
2%
$43,000
—
2021
$12,878
5%
$43,000
—
2018
$12,273
3%
$43,000
—
2017
$11,931
—
$43,000
—
2016
$11,932
6%
$43,000
—
2015
$11,223
-9%
$43,000
—
2019
$12,394
21%
$43,000
—
2013
$10,276
—
$43,000
—
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 for 425-427 3rd Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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425-427 3rd Ave, Elizabeth, NJ 07206 (MLS# 4004047) is a Apartment property. 425-427 3rd Ave is currently listed for $829,000 and was received on January 07, 2026. Want to learn more about 425-427 3rd Ave? Do you have questions about finding other Apartment real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

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