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$1,999,000
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Property Description
Turnkey 6 family brick investment property located in one of the best areas of Elizabeth. This well maintained building offers strong rental income and is perfect for investors looking for a stable cash flowing asset. Each unit features a brand new mini split heating and cooling system, providing efficient climate control for tenants. The property also includes all new electrical panels, giving the next owner peace of mind with major upgrades already completed. The building has been exceptionally maintained and requires no immediate repairs, making it a true plug and play investment. Solid all brick construction offers durability and low maintenance ownership. All units are occupied by excellent tenants, allowing the new owner to simply take over and start collecting rent from day one. Rare opportunity to own a profitable multi family property in a prime Elizabeth location with modern upgrades already in place. Ideal for investors seeking reliable income and long term appreciation.
Full Property Details
Full Property Details for 802 3rd Ave
General
- Price: $1,999,000
- Taxes: $15,792 (2024)
- Status: Active
- Type: Commercial
- Source: Middlesex
- MLS ID: 2611521R
- Updated: 3/6/2026
- Added to Site: 9 day(s) ago
Interior
- Interior Features: Refrigeration
- Appliances: Refrigeration
- Flooring: Tile, Wood
Rooms
Other Rooms
- Living Room: 4,122 Sq. Ft.
Parking
- Parking Features: On Street
- Parking: On Street
Location
- County: Union
Heating & Cooling
- Cooling Type: Wall Unit(s), Window Unit(s)
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Roof: Flat
- Stories/Levels: 4
- Square Feet: 4,122
Lot Features
- Lot Size (Acres): 0.0603
- Lot Size (Sq. Ft.): 2,627
- Lot Dimensions: 105.00 x 0.00
- Lot Features: Near Public Transit, Near Shopping, Residential Area
- Zoning: residential
- Lot Description: Near Public Transit, Near Shopping, Residential Area
Financial Considerations
- Tax Amount: $15,792
- Tax Year: 2024
Disclosures and Reports
- Documents Avail.: Leases
- Property ID: 400602000000016
Listed by Keller Williams West Monmouth
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Schools
Schools serving 802 3rd Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 15, Christopher Columbus Elementary School 511 3rd Avenue, Elizabeth, NJ 07202 | PK-8 | 0.4 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.3 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.3 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.5 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.5 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.5 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.1 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 802 3rd Ave
Date
Details
Price
Change
Source
3/03/2026
Listed
$1,999,000
—
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 802 3rd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,792
42%
$820,800
2161%
2022
$11,100
—
$36,300
—
2022
$11,050
2%
$36,300
—
2021
$10,821
4%
$36,300
—
2018
$10,361
3%
$36,300
—
2017
$10,072
—
$36,300
—
2016
$10,073
-4%
$36,300
—
2019
$10,463
10%
$36,300
—
2015
$9,474
9%
$36,300
-14%
2013
$8,675
—
$42,000
16%
2013
$8,675
—
$36,300
—
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 802 3rd Ave
802 3rd Avenue, Elizabeth, NJ 07202 (MLS# 2611521R) is a Commercial property. 802 3rd Avenue is currently listed for $1,999,000 and was received on March 03, 2026. Want to learn more about 802 3rd Avenue? Do you have questions about finding other Commercial real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

