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$1,249,000 -$51,000 (-3.92%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 1 Car Garage
  • Updated 6 days ago
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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 for 700-702 Park Ave

General

  • Price: $1,249,000
  • Taxes: $19,839 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4037152
  • Updated: 8/20/2026
  • Added to Site: 62 day(s) ago

Interior

  • Number of Rooms: 17
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Walk-In Closet

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Deck, Enclosed Porch(es), See Remarks, Sidewalk

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Garage Description: Detached Garage, See Remarks

Location

  • County: Union
  • Subdivision: Old Colony Land Co/Elmore
  • Driving Directions: Elmora Ave to Park Ave. Use GPS.

Heating & Cooling

  • Cooling Type: 1 Unit, See Remarks
  • Heating Type: 1 Unit, Electric Baseboard, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: See Remarks, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Roof: Asphalt Shingles, See Remarks
  • Square Feet: 5,328
  • Year Built: 1920

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Family Room, Kitchen, Living Room, Pantry
  • Levels/Stories: 2
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 3
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Dimensions: 61.14 x 150 x IRR
  • Driveway/Sidewalk: Driveway-Exclusive, On-Street Parking, See Remarks
  • Lot Description: Corner, Irregular Lot

Financial Considerations

  • Assessment Amount: $680,000
  • Land Assmt: $303,600
  • Tax Amount: $19,839
  • Tax Year: 2025

Disclosures and Reports

  • Block: 84
  • Lot Number: 5

Listed by Keller Williams Realty

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Listing agent

— 700-702 Park Ave —

  • Keller Williams Realty

732-536-9010

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 700-702 Park Ave

School District:Elizabeth City School District
NameGradesDistance
Number 12, Elmora Elementary School
638 Magie Avenue, Elizabeth, NJ 07208
PK-80.3 mi
A Hamilton Preparatory Academy
310 Cherry Street, Elizabeth, NJ 07208
9-120.8 mi
John E Dwyer Tech Academy
123 Pearl Street, Elizabeth, NJ 07202
9-121.4 mi
T Jefferson Arts Academy
27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201
9-121.4 mi
Elizabeth High School
40 Morrell Street, Elizabeth, NJ 07202
9-121.4 mi
Adm W F Halsey Leadership Academy
641 South Street, Elizabeth, NJ 07202
9-121.4 mi
T A Edison Career Tech Academy
625 Summer Street, Elizabeth, NJ 07202
9-121.7 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/20/2026
Price Reduced
$1,249,000
-3.92%
MLS
6/26/2026
Listed
$1,300,000
—
MLS
Get Price Alerts and Save Property
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 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.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Keller Williams Realty

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700-702 Park Ave, Elizabeth, NJ 07208 (MLS# 4037152) is a Multi-Family property with 3 units containing 6 bedrooms and 5 full bathrooms. 700-702 Park Ave is currently listed for $1,249,000 and was received on June 26, 2026. Want to learn more about 700-702 Park 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.

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