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$650,000
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Property Description
Great Investment Opportunity. Cash-producing large two-family property offering exceptional income potential. Each unit features 2 spacious bedrooms and 1 full bathroom, providing desirable layouts for tenants and strong rental demand. The property includes a full basement with additional living or storage space, plus a 3rd-floor bonus apartment, creating added value and potential upside for future income. Ample off-street parking. 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 514 Marshall St
General
- Price: $650,000
- Taxes: $9,054 (2024)
- Status: Active
- Type: Duplex
- Source: Monmouth
- MLS ID: 22600315
- Updated: 1/5/2026
- Added to Site: 11 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: None
- Garage Description: None
Location
- Area: Elizabeth (ELI)
- Municipality: Elizabeth (ELI)
- County: Union
- Subdivision: None
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Multi Units
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: Public Sewer, Public Water
Structural Information
- Basement: Yes
- Roof: Shingle
- Square Feet: 2,832
- Year Built: 1890
Unit Information
Unit 1
- Bedrooms: 2
Unit 2
- Bedrooms: 2
Unit 3
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,613.6
- Lot Dimensions: 25 x 100
- Zoning: Multifamily
Financial Considerations
- Price Per Sq. Ft.: $229.52
- Tax Amount: $9,054
- Tax Year: 2024
- Owner Pays: Sewer
- Landlord Pays: Sewer
Disclosures and Reports
- Property ID: 04-00658-0000-00027
- Section: None
Listed by RE/MAX Central, Michael Sclafani
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Schools
Schools serving 514 Marshall St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Sonia Sotomayor School No 25 525 1st Avenue, Elizabeth, NJ 07206 | PK-8 | 0.1 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
Adm W F Halsey Leadership Academy 641 South 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 514 Marshall St
Date
Details
Price
Change
Source
1/05/2026
Listed
$650,000
78.08%
MLS
5/18/2022
Sold
$365,000
—
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 514 Marshall St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,054
6%
$470,600
1587%
2022
$8,532
2%
$27,900
—
2021
$8,355
4%
$27,900
—
2019
$8,042
1%
$27,900
—
2018
$7,964
3%
$27,900
—
2017
$7,741
—
$27,900
—
2016
$7,742
6%
$27,900
—
2015
$7,282
9%
$27,900
—
2013
$6,668
—
$27,900
—
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 514 Marshall St
514 Marshall Street, Elizabeth, NJ 07206 (MLS# 22600315) is a Duplex property with 5 bedrooms and 2 full bathrooms. 514 Marshall Street is currently listed for $650,000 and was received on January 05, 2026. Want to learn more about 514 Marshall 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.

