Impeccable 4-family investment property located in the highly desirable Bayway section of Elizabeth, NJ, offering a rare opportunity for both investors and owner-occupants. The building features four well-designed units, each consisting of 1 bedroom, 1 full bathroom, a comfortable living room, and a separate dining area, providing functional and inviting layouts that are consistently in demand. All units are in excellent, move-in condition and have been meticulously maintained, reflecting true pride of ownership and minimal deferred maintenance. A standout feature of the property is the right-side unit, which includes a fully finished basement, offering additional usable space that can serve as recreation, storage, or extended living adding both flexibility and potential value. Situated in a strong rental corridor with close proximity to major highways, public transportation, shopping, and local amenities, this property benefits from consistent tenant demand and long-term stability. With its solid unit mix, turnkey condition, and prime location, this asset presents an excellent opportunity for immediate cash flow, long-term appreciation, or owner-occupancy with supplemental income, making it a valuable addition to any real estate portfolio.
718 Thomas St, Elizabeth City NJ 07202-2775
Property City
Elizabeth City
Property Price
$839,999
Bedrooms
4
Year Built
1945
Tax Annual Amount
$12152
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.11
MLS Status
Active
MLS #
4022414
Yearly Tax Rate
2.017
Year Built (*numeric)
1945
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
1
Basement (*text)
Yes
Cooling (*text)
See Remarks
Heating
1 Unit
Lot Size Dimensions
48X100
Data import from
GSMLS