Properties

Description

Impeccable 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.

Features

  • Heating System : 1 Unit
  • Cooling System : See Remarks
  • Basement : Full, Finished
  • Roof Deck : Asphalt Shingle
  • Parking Description: On-Street Parking
  • Tax Assessed Valuation: 602500
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural
  • Internet

Additional Info

  • Office Name: NEW AND MODERN GROUP
  • Office MLS ID: 5845
  • Agent ID: 303246
  • Tax: 12152
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$839,999

718 Thomas St, Elizabeth City, *

  • SQFT 48 Acre
  • Bedroom 4
  • Built Year 1945

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5425897
  • Price: $839,999
  • Bedrooms: 4
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1945
  • Year Built Description: Approximate
  • Lot Area: 48 Acre
  • Status: Active
  • Days On Market: 78

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Union
  • City Elizabeth City
  • Zipcode *
  • Street: Thomas St
  • Street Number: 718
  • Street Direction: TAKE BAYWAY TO THOMAS ST
  • Floor Number: 0
  • Longitude: W75° 47' 4.6''
  • Latitude: N40° 38' 44''
  • Internet Display Address: Yes
Property