Larger Home
5,550 sqft, 832.5 sqft larger (18%) than nearby homes
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What makes this property special compared to others in the area
5,550 sqft, 832.5 sqft larger (18%) than nearby homes
Property values in Elizabeth have increased 7% in the last year
Elizabeth is a sought-after location with great amenities and accessibility
Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence.
Average home price in this area
0 new listings in the last 3 months
0 homes sold in the last 3 months
Market data is based on recent sales and listings in this area.
What makes this property special compared to others in the area
5,550 sqft, offering generous living space in Elizabeth
Elizabeth is currently a hot seller's market
Built in 1964 with contemporary features
Great value in a desirable Elizabeth location
Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence.
Go see 552 Elizabeth Avenue # 554, Elizabeth NJ 07206
Pick a time to see the home and we'll coordinate a tour for you.
Average home price in this area
45 new listings in the last 3 months
68 homes sold in the last 3 months
Market data is based on recent sales and listings in this area.
Home prices in 07206 have decreased over the last 3 years while overall home prices in Elizabeth have been growing.
-1.4% per year
13.7% per year
Apr 2025
$572k
What makes this property special compared to others in the area
5,550 sqft, offering generous living space in Elizabeth
Elizabeth is currently a balanced market
Built in 1964 with contemporary features
Great value in a desirable Elizabeth location
Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence.
Go see 552 Elizabeth Avenue # 554, Elizabeth NJ 07206
Pick a time to see the home and we'll coordinate a tour for you.
Average home price in this area
45 new listings in the last 3 months
68 homes sold in the last 3 months
Market data is based on recent sales and listings in this area.
Home prices in 07206 have decreased over the last 3 years while overall home prices in Elizabeth have been growing.
-1.4% per year
13.7% per year
Apr 2025
$572k