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
IDX
Last Updated: February - 03 - 2026
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