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$1,300,000
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Property Description
Welcome to an incredible, high-income producing opportunity located in the highly desirable and quiet residential section of Elmora Hills in Elizabeth, NJ! This massive, 5328 square foot multi-family property is perfect for a savvy investor looking to maximize their portfolio or a buyer wanting to occupy one unit while renting out the other two. The first unit is exceptionally spacious; offering three bedrooms and three bathrooms. Its main floor features a large kitchen, a bright living and dining area, two bedrooms and two bathrooms-including a primary bedroom with its own private bath. Up on the second level of this same unit, you will find an additional private bedroom and bathroom. The second unit features a comfortable two-bedroom, one-bathroom layout, while the third unit offers a cozy one-bedroom setup. Flooded with natural light, this home boasts a beautiful front yard, a detached garage, and a private driveway with ample parking. Situated in a convenient location, it offers close proximity to local shopping centers, parks, public transit, major highways, and Kean University. With its massive footprint, fantastic neighborhood, and immense rental upside, this property is a rare find that has a substantial return on investment. Don't miss out on this fantastic Elmora Hills gem-schedule your private tour today and see the endless potential for yourself!
Full Property Details
Full Property Details for 700-702 Park Ave
General
- Price: $1,300,000
- Taxes: $19,839 (2025)
- Status: Active
- Type: Triplex
- Source: Middlesex
- MLS ID: 2618226R
- Updated: 6/26/2026
- Added to Site: 18 day(s) ago
Interior
- Interior Features: Unit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room, 2+ Baths), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room, See Remarks)
- Appliances: Water Heater(See Remarks, Gas), Unit 1(Range/Oven)
Rooms
Bathrooms
- Total Bathrooms: 5
Other Rooms
- Living Room: 5,328 Sq. Ft.
Exterior
- Exterior Features: Porch(es) - Enclosed, Curbs, Deck, Sidewalk
- Deck/Patio: Enclosed, Deck
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Garage, Detached, See Remarks, 3-4 Car Parking
- Parking: Garage, Detached, See Remarks, 3-4 Car Parking
Location
- County: Union
Community
- Gated: Curbs, Sidewalks
Heating & Cooling
- Cooling Type: A/C Central - Some, A/C Window Unit(s), Unit 1(A/C Central)
- Heating Type: Radiant, Forced Air
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utility Description: Underground Utilities
Structural Information
- Basement Desc.: Full, Other Room(s), Utility Room
- Roof: See Remarks
- Stories/Levels: 3
- Square Feet: 5,328
- Year Built: 1920
Lot Features
- Lot Dimensions: 150.00 x 61.14
- Lot Features: Corner Lot, See Remarks, Irregular Lot
- Lot Description: Corner Lot, See Remarks, Irregular Lot
Financial Considerations
- Tax Amount: $19,839
- Tax Year: 2025
Disclosures and Reports
- Property ID: 400084000000005
Listed by Keller Williams West Monmouth
Get Pre-Approved Today
Schools
Schools serving 700-702 Park Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 12, Elmora Elementary School 638 Magie Avenue, Elizabeth, NJ 07208 | PK-8 | 0.3 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 0.8 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 1.4 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 1.4 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1.4 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 1.4 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1.7 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 700-702 Park Ave
Date
Details
Price
Change
Source
6/26/2026
Listed
$1,300,000
—
MLS
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 700-702 Park Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,839
8%
$983,600
1537%
2022
$18,378
2%
$60,100
—
2021
$17,999
4%
$60,100
—
2019
$17,323
1%
$60,100
—
2018
$17,154
3%
$60,100
—
2017
$16,676
18%
$60,100
18%
2016
$14,152
6%
$51,000
—
2015
$13,310
-10%
$51,000
-13%
2014
$14,860
6%
$58,700
—
2013
$14,028
—
$58,700
—
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 700-702 Park Ave
700-702 Park Avenue, Elizabeth, NJ 07208 (MLS# 2618226R) is a Triplex property with 0 bedrooms and 0 full bathrooms. 700-702 Park Avenue is currently listed for $1,300,000 and was received on June 26, 2026. Want to learn more about 700-702 Park Avenue? Do you have questions about finding other Triplex real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

