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In-PersonVirtual Tour
$ 599,900
Est. payment | /mo
4 Beds
3 Baths
1,306 Sqft Lot
$ 599,900
Est. payment | /mo
4 Beds
3 Baths
1,306 Sqft Lot
Open House
Sun Apr 26, 1:00pm - 4:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Peterstown
MLS Listing ID 4012588
Style 2-Two Story
Bedrooms 4
Full Baths 3
Year Built 1900
Annual Tax Amount $7,491
Tax Year 2025
Lot Size 1,306 Sqft
Property Description
Check out this amazing income-generating multifamily home! Why pay a mortgage when your house can pay it for you? Welcome to 614 1/2 Fourth Ave, a rare and versatile multi-family opportunity tucked away in one of Elizabeth's most convenient pockets - Peterstown. Whether you are looking to "house-hack" by living in one unit and renting the other, or you're an investor looking for a turn-key addition to your portfolio, this property delivers on every level. Two Modern Units: Bright, airy, and updated apartments featuring open layouts, contemporary kitchens with quartz counters, and stylish flooring. Bonus Value: The fully finished basement is a total game-changer! Perfect for a home office, recreation room, or massive storage area, adding significant usable square footage to the property. Separate Utilities: Ease of management with separate meters, making this a low-stress investment. All with an incredibly low property tax! Commuter's Dream: Located just minutes from the Elizabeth Train Station (Direct to NYC) and Newark Liberty International Airport. High Rental Demand: Situated near major employers, local hospitals, and the Jersey Gardens shopping hub. INVESTOR ALERT: This isn't just a home; it's a strategic asset. With a finished basement and two renovated units, the rental upside here is massive for the Elizabeth market. Don't wait for the "Sold" sign. Multi-family homes of this caliber with the added bonus of a finished basement are a rare find in today's market.
Location
State NJ
County Union
Rooms
Basement Finished, Full, Walkout
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REAL
NEARBY SCHOOL & BUSINESS
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