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$975,000 Just Listed
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Property Description
Turnkey mixed-use investment opportunity at 62 3rd Street in Elizabeth. This fully renovated building offers an excellent location with strong income potential. The property features three units, including one street-level commercial space currently leased to a mobile business and two residential apartments, with one that is tenant-occupied and the other is tenant-ready.Ideal for investors seeking immediate cash flow, this well-maintained property combines stability with upside. The commercial unit provides established tenancy, while the residential units offer flexibility for rental income or owner occupancy. Conveniently located near major transportation, shopping, and local amenities, this is an exceptional opportunity to own a high-performing asset in a growing area. Don?t miss your chance to secure a solid investment?schedule a viewing today.
Full Property Details
Full Property Details for 62 3rd St
General
- Price: $975,000
- Taxes: $12,307 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4023375
- Updated: 5/1/2026
- Added to Site: 5 day(s) ago
Business
- Includes: Building & Land, See Remarks
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 4
Additional Information
- Equipment: Fire Alarm, See Remarks, Smoke Detector
Parking
- Parking: Off-Street Parking
Location
- County: Union
- Driving Directions: Franklin Street to 3rd street
- Location Details: Residential Area, See Remarks
Heating & Cooling
- Cooling Type: 3 Units
- Heating Type: 3 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Available
- Water: Public Water
- Utility Description: Gas In Street
Structural Information
- Construction: See Remarks
- Exterior Const.: Aluminum Siding, SeeRem
- Basement: Yes
- Basement Desc.: Storage, Unfinished
- Roof: See Remarks
- Stories in Building: 2
- Square Feet: 2,695
- Aprox. Leasable: 2,695 Sq. Ft.
- Year Built: 2026
- Remodeled/Updated: 2026
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25.84X100
- Zoning: RES
Financial Considerations
- Assessment Amount: $610,200
- Land Assmt: $225,000
- Tax Amount: $12,307
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 2904-00730-0000-00016-0000-
- Block: 730
- Lot Number: 16
Listed by Burgos Realty Company
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Schools
Schools serving 62 3rd St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
No. 28 Duarte-Marti School 25 1st Street, Elizabeth, NJ 07206 | PK-8 | 0.4 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 1.2 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1.2 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 1.2 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 1.3 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 62 3rd St
Date
Details
Price
Change
Source
5/01/2026
Listed
$975,000
306.25%
MLS
7/31/2020
Sold
$240,000
—
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 62 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,740
50%
$610,200
2284%
2022
$7,828
2%
$25,600
—
2021
$7,667
4%
$25,600
—
2019
$7,379
1%
$25,600
—
2018
$7,307
3%
$25,600
—
2017
$7,103
—
$25,600
—
2016
$7,104
6%
$25,600
—
2015
$6,681
9%
$25,600
—
2013
$6,118
—
$25,600
—
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 62 3rd St
62 3rd St, Elizabeth, NJ 07206 (MLS# 4023375) is a Retail property. 62 3rd St is currently listed for $975,000 and was received on May 01, 2026. Want to learn more about 62 3rd St? Do you have questions about finding other Retail real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

