334 1st Avenue, Elizabeth, NJ, 07206 — Photo 11 / 25
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$899,999

334 1st Avenue, Elizabeth, NJ, 07206

MLS# 26032075

Under Contract63d on market

Commercial — Retail

Property Type

Description

The perfect rooming house does exist and this exceptional investment property is proof. Offering strong, consistent cash flow and an impressive level of maintenance and upgrades, this property is a true turnkey opportunity for investors looking to add a high-performing asset to their portfolio. Meticulously maintained and thoughtfully improved by the current owner, the property features 8 rooming units, 6 bathrooms, a large finished basement, parking, central A/C, forced hot-air heating, and much more. Every detail has been cared for, creating a property that not only performs financially but also stands out in quality and presentation. The owner occupies first floor principal unit counts with 2 bedrooms, which has been beautifully upgraded with a modern kitchen, renovated bathroom, and tasteful finishes throughout, offering comfortable and stylish living space while adding even more value to the property.Location is another major advantage. Situated conveniently near major highways, Newark Airport, shopping centers, and public transportation, the property offers easy access to everything helping support strong rental demand and year-round occupancy. Whether you're an experienced investor looking to expand your portfolio or searching for a proven income-producing property, this is an opportunity that deserves your attention. Don't miss your opportunity to own this exceptional income producing asset. Schedule showing today this could be your next great investment

Tax & Financial Information

Annual Property Taxes$11,125
ListedAugust 24, 2026

Listing Information

Listing Office: Keller Williams City Views Realty — 201-592-8900

Listing Agent: Liliam Nunez-Paz — 201-606-3302 — liliamnunez1@gmail.com

Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 10/1/2026.

Total Monthly Cost

$6,722/mo

NJ has the highest property taxes in the US. This is your real cost.

Mortgage (30yr, 6.75%)$4,670
Property Taxes$927
Homeowner Insurance$375
Est. Maintenance$750
Total$6,722

Down: $180,000 | Loan: $719,999

Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.

Commute From This Home

Elizabeth

🚂
Transit to NYC Penn

Northeast Corridor

28 min
🚗
Drive to NYC (Midtown)
35 min
🚂
Transit to Hoboken
20 min
🚗
Drive to Hoboken/JC
20 min
🚗
Drive to Newark
10 min
🚉

Elizabeth Station

~0.3 mi from town center

Monthly Pass(Zone 2)$130/mo

Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.

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