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$1,200,000
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Property Description
Great investment property. 5-unit building sitting on a 71x100 lot with 2 driveways. Could be a good opportunity for developer to build or may be possible to subdivide right side and build new 2 family. Left side is driveway with 2 car garage with loft above garage, leased to a contractor along with 2 one-bedroom units on 1st floor for $3,500.00, 2nd. studio rented for $900.00 and the other 2 two-bedroom units rented for $1,500.00 each. The right side of the property have 8 parking spaces. (Bonus) basement is finished. One heating furnace that is 2 years old and heats entire building.
Full Property Details
Full Property Details for 558 S Broad St
General
- Price: $1,200,000
- Taxes: $22,810 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3981872
- Updated: 9/2/2025
- Added to Site: 194 day(s) ago
Interior
- Number of Rooms: 16
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage, Oversize Garage
Location
- County: Union
- Driving Directions: Off Route 1&9 North close to Summer St
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 1 Unit, Radiant - Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Stone, Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished
- Roof: Asphalt Shingles
- Year Built: 1925
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.16
- Lot Dimensions: 71 x 100
- Driveway/Sidewalk: 2 Car Width
Financial Considerations
- Expenses: Cold Water, Heat, Insurance, Taxes
- Operating Expenses: $38,812
- Assessment Amount: $885,600
- Land Assmt: $300,000
- Tax Amount: $22,810
- Tax Year: 2024
Disclosures and Reports
- Block: 465
- Lot Number: 33
Listed by Top Choice Realty Network
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Schools
Schools serving 558 S Broad St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
No 5 Mabel Holmes Middle School 650 Bayway, Elizabeth, NJ 07202 | PK-8 | 0.3 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.9 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 558 S Broad St
Date
Details
Price
Change
Source
8/18/2025
Listed
$1,200,000
163.74%
MLS
1/22/2010
Sold
$455,000
—
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 558 S Broad St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$22,811
11%
$1,185,600
1664%
2022
$20,549
2%
$67,200
—
2021
$20,125
5%
$67,200
—
2018
$19,181
3%
$67,200
—
2017
$18,646
—
$67,200
—
2016
$18,647
-4%
$67,200
—
2019
$19,370
10%
$67,200
—
2015
$17,539
9%
$67,200
—
2013
$16,059
—
$67,200
—
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 558 S Broad St
558 S Broad St, Elizabeth, NJ 07202 (MLS# 3981872) is a Multi-Family property with 4 units containing 7 bedrooms and 6 full bathrooms. 558 S Broad St is currently listed for $1,200,000 and was received on August 18, 2025. Want to learn more about 558 S Broad 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.

