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$1,150,000
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Property Description
Incredible 4-family opportunity perfectly tailored for investors or owner-occupants seeking maximum cash flow in a prime commuter hub. Each unit has been fully renovated & features 2 generously sized bedrooms and 1 bathroom. Units offer contemporary finishes, fresh flooring, & crisp modern kitchens & baths designed to attract premium rental rates. The property features 2 separate attic spaces with high ceilings and 2 separate basements (accessible through communal hallways), providing exceptional storage potential, independent utility spaces, or future expansion possibilities. Laundry hookup(s) in basement. Positioned in an exceptionally transit-friendly location, this property is minutes from the Elizabeth Train Station & NJ Transit bus service is available nearby for effortless travel. Access to major regional highways, including Route 1 & 9, I-95 (NJ Turnpike), I-78, & the GSP. Everyday convenience with local grocery stores, vibrant dining options, & diverse shopping districts just blocks away. Local schools and North End Park are also situated close by, making this a highly desirable, cash-flowing asset in an unbeatable location. Property sits on a rare oversized lot with huge yard behind the garage creating exciting possibilities for future development, expansion, or long term storage. Private driveway with ample parking and 3 car detached garage.
Full Property Details
Full Property Details for 620 Pennsylvania Ave
General
- Price: $1,150,000
- Taxes: $14,112 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4032660
- Updated: 6/16/2026
- Added to Site: 81 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 3
- Garage Description: Detached Garage
Location
- County: Union
- Driving Directions: Use GPS.
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 4+ Units, Radiators - Steam
- Heating Fuel: Natural Gas
- Water Heater: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Architectural Style: See Remarks
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingles
- Year Built: 1927
Unit Information
Unit 1
- Unit Description: Attic, Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Attic, Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Attic, Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Attic, Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Dimensions: 44.200 AVG
- Driveway/Sidewalk: Blacktop
Financial Considerations
- Assessment Amount: $422,600
- Land Assmt: $277,100
- Tax Amount: $14,112
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Personal belongngs
- Block: 191
- Lot Number: 46
Listed by Exp Realty, Llc
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Schools
Schools serving 620 Pennsylvania Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 23, N.M. Butler Elementary School 631 Westminster Avenue, Elizabeth, NJ 07208 | PK-8 | 0.4 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 0.9 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 1 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 1.2 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1.8 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 620 Pennsylvania Ave
Date
Details
Price
Change
Source
6/16/2026
Price Reduced
$1,150,000
-4.17%
MLS
6/05/2026
Listed
$1,200,000
112.39%
MLS
9/02/2025
Sold
$565,000
—
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 620 Pennsylvania Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,113
16%
$699,700
—
2023
$12,165
3%
$699,700
1671%
2022
$11,829
6%
$39,500
—
2021
$11,130
-1%
$39,500
—
2018
$11,274
3%
$39,500
—
2017
$10,960
-4%
$39,500
—
2019
$11,385
4%
$39,500
—
2016
$10,961
9%
$39,500
—
2015
$10,059
7%
$39,500
—
2013
$9,440
—
$39,500
—
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 620 Pennsylvania Ave
620 Pennsylvania Ave, Elizabeth, NJ 07201 (MLS# 4032660) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 620 Pennsylvania Ave is currently listed for $1,150,000 and was received on June 05, 2026. Want to learn more about 620 Pennsylvania Ave? 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.

