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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 3 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: Multi-Family
- Source: Garden_State
- MLS ID: 4003644
- Updated: 1/6/2026
- Added to Site: 11 day(s) ago
Interior
- Number of Rooms: 8
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Location
- County: Union
- Driving Directions: 514 Marshall Street, Elizabeth, NJ 07206
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Forced Hot Air
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt Shingles
- Year Built: 1890
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Square Feet: 1000
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $342,300
- Land Assmt: $128,300
- Tax Amount: $9,054
- Tax Year: 2024
Disclosures and Reports
- Block: 658
- Lot Number: 27
Listed by Re/Max Central
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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
1/06/2026
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 St, Elizabeth, NJ 07206 (MLS# 4003644) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 514 Marshall St is currently listed for $650,000 and was received on January 06, 2026. Want to learn more about 514 Marshall 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.

