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 and acquiring CO.
Under contract
$549,000
552 Elizabeth Ave UNIT N/A, Elizabeth City, NJ 07206
--beds
4baths
--sqft
Est.:
Apartment
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Commercial spaceAuto repair shop
- 9 days
- on Zillow |
- 171 |
- 6 |
Zillow last checked: April 25, 2025 at 11:55pm
Listing updated: April 25, 2025 at 07:47am
Listed by:
Hector R. Rojas 917-533-9263,
Exp Realty, Llc
Source: GSMLS,MLS#: 3957429

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
Heating
- See Remarks, Natural Gas
Cooling
- See Remarks
Features
- Doors: Max Door Height: 0
- Basement: None
Interior area
- Total structure area: 10
Property
Parking
- Parking features: See Remarks
Features
- Stories: 2
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 37.50 x 100
- Features: Business District
Details
- Parcel number: 2904006570000000040000
- Zoning description: R-4
- Other equipment: See Remarks
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick/Block
- Roof: Flat
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Location
- Region: Elizabethport
Financial & listing details
- Tax assessed value: $935,400
- Annual tax amount: $18,932
- Date on market: 4/17/2025
- Inclusions: Building Only
- Ownership type: Fee Simple
- Lease term: Month To Month
- Tenant pays: All Utilities
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