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$825,000
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Property Description
Introducing an exceptional investment opportunity in the heart of Elizabeth, NJ. This well-maintained mixed-use building sits proudly on one of the city's main streets and features three beautiful, spacious apartments along with a high-visibility storefront perfect for retail or business use. Whether you're an investor seeking strong rental income or a buyer looking for a versatile property with long-term potential, this building delivers unmatched value and location appeal.
Full Property Details
Full Property Details for 531 Elizabeth Ave
General
- Price: $825,000
- Taxes: $24,065 (2024)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4010009
- Updated: 2/18/2026
- Added to Site: 8 day(s) ago
Business
- Includes: Building Only
Interior
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 4
Additional Information
- Equipment: See Remarks, Smoke Detector
Parking
- Parking: None
Location
- County: Union
- Driving Directions: Broad St to Elizabeth Ave
- Location Details: Business District, Residential Area
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: 4+ Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Flat
- Loading: None
- Stories in Building: 3
- Year Built: 1900
Unit Information
- 2 Bedroom Units: 1
- Units w/Full Bath: 4
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25X100
- Zoning: Res- Comm.
- Lot Description: Level Lot
Financial Considerations
- Price Per Sq. Ft.: $999
- Assessment Amount: $1,189,000
- Land Assmt: $142,500
- Tax Amount: $24,065
- Tax Year: 2024
- Owner Pays: Maintenance-Common Area, Sewer, Water
- Tenant Pays: Electric, Gas
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses
- Disclosures: Yes
- APN: 2904-00658-0000-00051-0000-
- Block: 658
- Lot Number: 51
Listed by Brewster Realty
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Schools
Schools serving 531 Elizabeth Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Sonia Sotomayor School No 25 525 1st Avenue, Elizabeth, NJ 07206 | PK-8 | 0 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.8 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 | 0.8 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 531 Elizabeth Ave
Date
Details
Price
Change
Source
2/15/2026
Listed
$825,000
370.09%
MLS
4/19/1995
Sold
$175,500
—
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 531 Elizabeth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$24,065
100%
$1,189,000
3114%
2022
$12,052
2%
$37,000
—
2021
$11,832
12%
$37,000
—
2018
$10,561
-4%
$37,000
—
2017
$11,025
—
$37,000
—
2016
$11,026
-3%
$37,000
—
2019
$11,424
18%
$37,000
—
2015
$9,657
3%
$37,000
—
2014
$9,367
6%
$37,000
—
2013
$8,842
—
$37,000
—
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
Estimate the Cost for 531 Elizabeth Ave
531 Elizabeth Ave, Elizabeth, NJ 07206 (MLS# 4010009) is a Commercial property. 531 Elizabeth Ave is currently listed for $825,000 and was received on February 15, 2026. Want to learn more about 531 Elizabeth Ave? Do you have questions about finding other Commercial real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

