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514 Marshall Street, Elizabeth, NJ 07206
$650,000
Property Type:
Multi-Family
Bedrooms:
5
Baths:
2
Square Footage:
2,832
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$650,000
List Date:
1/05/2026
Last Modified:
2/03/2026
Description
Great Investment Opportunity. Cash-producing large two-family property offering exceptional income potential. Each unit features 3 spacious bedrooms and 1 full bathroom, providing desirable layouts for tenants and strong rental demand. The property includes a full basement with additional living or storage space, plus a 3rd-floor bonus apartment, creating added value and potential upside for future income. Ample off-street parking. Conveniently located near major highways, public transportation, shopping, and local amenities. A solid, income-generating asset with room to grow—don't miss this opportunity.
More Information MLS# 22600315
Contract Info
List Price/SqFt: 229.52
New Construction: No
Status: Active
List Date: 2026-01-05
List Price: $650,000
Current Price: $650,000
Property Sub-Type: Duplex
Location
Area/Section: None
House Number: 514
Street Name: Marshall
Street Suffix: Street
County: Union
Municipality: Elizabeth (ELI)
Postal City: Elizabeth
State: NJ
Zip Code: 07206
Complex/Subdivision: None
Directions: 514 Marshall Street, Elizabeth, NJ 07206
General Property Info
# Units in Bldg: 2
Handicap Access: No
Waterfront: No
# Levels: 3
Waterview: No
Fireplace: No
Lot Dimensions: 25 x 100
Basement: Yes
Garage: No
# Acres: 0.06
# Car Garage: 0
Pool: No
Bedrooms: 5
Full Baths: 2
Total Baths: 2
Apx SqFt: 2832
Apx Year Built: 1890
Tax and Legal
Asmnt - Total: 470600
Deed Restricted: No
Special Assessment: No
Taxes: 9054
Tax Year: 2024
Unit 1
# Bedrooms: 2
# Full Baths: 1
Rent: 1600
Unit 2
# Bedrooms: 2
# Full Baths: 1
Rent: 1560
Unit 3
# Bedrooms: 1
# Full Baths: 1
Rent: 1350
Zoning
Multi-Family: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Basement
Full: 1
Cooling
Multi Units: 1
Water Heater
Natural Gas: 1
Heating
Baseboard: 1
Garage
None: 1
Assessment Status
Assessed: 1
Siding
Vinyl: 1
Roof
Shingle: 1
Landlord Pays
Sewer: 1
Property Features
Basement: Full
Cooling: Multi Units
Heating: Baseboard
Water Heater: Natural Gas
Siding: Vinyl
Roof: Shingle
Garage: None
Zoning: Multi-Family
Assessment Status: Assessed
Landlord Pays: Sewer
Listing Office:
RE/MAX Central
Listing Agent:
Michael Sclafani
Last Updated: February - 03 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.