Listing
$375,000
557 Ma••••• Ave (Sign up for 50 free credits to unlock)Elizabeth City, NJ 07206
Property Description
Excellent opportunity for those seeking a value-add renovation project. This spacious 2-family home in Elizabeth offers tremendous potential and requires repairs and updating throughout. Featuring separate units, the property presents an ideal opportunity for rental income or owner-occupancy after renovations are completed. Conveniently located near major transportation routes, shopping, schools, parks, and other local amenities. Bring your vision and unlock the full potential of this property. Buyer is responsible for Certificate of Occupancy & Fire Certificate, or all inspections required to close. Only brokers who are approved by the U.S. Department of Housing and Urban Development (HUD) and their registered agents are eligible to submit bids. Eligible for FHA 203K financing. Eligible for $100 Down program. Open to all bidders.
Property Facts & Features
- Property Type
- Multi Family
- Status
- For Sale
- Listed
- Jun 22, 2026
- ZIP Code
- 07206
- Full Baths
- 3
- Stories
- 3
- Heating
- 1 Unit, Radiators Hot Water
- Property Tax (2025)
- $8,243/yr
- Assessed Value
- $408,700
- Neighborhood
- The Point
- County
- Union
- School District
- Elizabeth Public School District
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 4
Bathrooms
- Total Bathrooms: 3.00
- Full Bathrooms: 3
Land Info
- Lot Size Acres: 0.06
- Lot Size Dimensions: 25X100
- Lot Size Square Feet: 2614
Utilities
- Sewer: Public Sewer
- Water Source: Public Water
Other Rooms
- Total Rooms: 9
- Basement Description: Full, Unfinished
Rental Info
- Gross Income: 9999
Home Features
- Other Equipment: Gas
Commercial Info
- Net Operating Income: 9999
- Operating Expense: 9996
Multi-Unit Info
- Number of Units: 2
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Rooms in Unit-1: 4
- Total Rooms in Unit-2: 5
- Unit-1 Description: Bedrooms, Dining Room, Kitchen, Living/Dining Room
- Unit-2 Description: Bedrooms, Dining Room, Kitchen, Living/Dining Room
- Unit-3 Description: Attic
- Unit-1 Square Feet: 9999
- Unit-2 Square Feet: 9999
- Unit 1 Total Actual Rent: 9999
- Unit 2 Total Actual Rent: 9999
Garage and Parking
- Driveway: On-Street Parking
Heating and Cooling
- Heating Features: 1 Unit, Radiators - Hot Water
- Heating Fuel: Electric, Gas-Natural
Other Property Info
- Annual Tax Amount: 8243
- Source Listing Status: Under Contract
- County: Union
- Directions: TRUMBULL TO MAGNOLIA
- Tax Year: 2025
Building and Construction
- Year Built: 1923
- Building Exterior Type: Vinyl Siding
- Property Age: 103
- Roof: Asphalt Shingle
- House Style: 3-Three Story
- Year Built Details: Approximate
Location
Lat 40.65969 · Lng -74.19239