334 1St Ave, Elizabeth City, NJ 07206
Union County
Key Facts
Description
The perfect legal rooming house does exist. This impeccably maintained investment property delivers exceptional cash flow and has been upgraded to an impressive standard throughout. The current owner has taken tremendous pride in maintaining and improving the property, resulting in strong and consistent returns. The building features 8 legal rooming units, 6 full bathrooms, a large finished basement, parking, Central AC, forced hot air, and much more. The owner occupied principal unit on the first floor has been fully upgraded with a modern kitchen, renovated bathrooms, and tasteful finishes throughout. Conveniently located near major highways, Newark Airport, shopping centers, and public transportation, this prime location makes tenant occupancy easy and highly desirable year round. A rare opportunity to add a high performing, well maintained asset to your investment portfolio. Come see your next investment opportunity today.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
See Remarks
Year Built
1905
Ownership
Fee Simple
Days on Market
20
MLS® Listing#
4029094
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Construction
Roof
Sewer
Water Source
Rooms
- Kitchen
Financial Details
Annual Taxes
$11,125
Tax year 2025
Assessed Value
$551,600
Parcel Number
2904-00734-0000-00003-0002-
Directions
On first avenue corner
Affordability Calculator
$195,000
Estimated monthly payment
$5,189/mo
Principal $780,000 · Est. interest $1,088,169 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elizabeth City, NJ
- $616,971
- Median Listing Price
- 48
- Median Days on Market
- 1,370
- Median Sq Ft
- $425
- Median Price / Sq Ft
- 3,195
- Active Listings
- This home’s price is 58% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Elizabeth City, NJ.
Location
Points of Interest in Elizabeth City, NJ
Showing the Elizabeth City area map.
Nearby Schools
Terence C Reilly School 7
Secondary · 0.2 mi away
Number 70 Elementary School
Elementary · 0.2 mi away
Sonia Sotomayor School No. 25
Elementary · 0.3 mi away
Number 1 Elementary School
Elementary · 0.4 mi away
Number 15 Elementary School
Elementary · 0.4 mi away
Juan Pablo Duarte - Jose Julian Marti School No 28
Elementary · 0.5 mi away
Iprep Academy School No 8
Elementary · 0.5 mi away
St Patrick High School
Secondary · 0.5 mi away
John Marshall School
Elementary · 0.6 mi away
Nicholas S. Lacorte-Peterstown School No. 3
Elementary · 0.7 mi away
Benjamin Franklin School No. 13
Elementary · 0.8 mi away
William F. Halloran School No.22
Secondary · 0.8 mi away
St Anthony's Convent
School · 0.8 mi away
Elizabeth High School
Secondary · 0.9 mi away
Dr Martin Luther King Center
School · 1.0 mi away
Adm W F Halsey Leadershp Academy
School · 1.0 mi away
John E. Dwyer Technology Academy
School · 1.0 mi away
Mabel G. Holmes School No. 5
Elementary · 1.1 mi away
Joseph Battin Elementary School
Elementary · 1.1 mi away
Elizabeth High School
Secondary · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 407 Jefferson Ave, Elizabeth City, NJ | $690,000 | 11 | 5 | 19,998 |
| 590 Hunterdon St, Newark City, NJ | $699,000 | 9 | 6 | 29,997 |
| 52 Amherst St, East Orange City, NJ | $699,000 | 9 | 3 | — |
| 243 S Clinton St, East Orange City, NJ | $699,000 | 8 | 3 | 29,997 |
| 131 N 14Th St, East Orange City, NJ | $699,000 | 8 | 3 | 29,997 |
| 380 Halsted St, East Orange City, NJ | $699,000 | 8 | 3 | 19,998 |
Moving Cost Estimate
EXIT Agents in Elizabeth City
Listing Courtesy: KELLER WILLIAMS CITY VIEWS REALTY - 2015928900