$999,000
$301K PRICE DROP

261-263 Second St Elizabeth, NJ 07206

Elizabethport Neighborhood

Estimated payment $6,689/month

Total Views 3,855
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Excellent investment opportunity in the heart of Elizabethport a vibrant and growing area just minutes from the waterfront and major transportation! This high-visibility corner property features three income-generating units, including two established commercial storefronts and a 2-bedroom residential apartment. Property Features: Prime corner location with great exposure and steady foot traffic. Two commercial units currently leased and operating as a restaurant and a liquor store. Upstairs 2-bedroom apartment with a private entrance ideal for an owner-occupant or to generate additional rental income. This property is perfect for investors seeking a turnkey asset in a revitalizing area, or business owners looking to live and work in one location. With its corner presence and proximity to redevelopment projects in Elizabethport, this is a smart buy with strong upside potential.

Listing Agent

Joao Pereira

RE/MAX New Millennium Group Listed on: 05/27/2025

RE/MAX New Millennium Group

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,640

Home Design

  • Asphalt

Property Details

Property Type

Other

Est. Annual Taxes

$16,640

Lot Details

0

Listing Details

  • Property Type: 5+ Mixed Use
  • Co List Office Phone: 908-282-1234
  • MLS Status: Active - Active
  • Directions: Elizabeth Ave to 2nd st
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Roof: Asphalt

Lot Info

  • Lot: 1

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2025 09/30/25 Price Changed $999,000 -23.2% --
05/27/2025 05/27/25 For Sale $1,300,000 -- --
Source: New Jersey MLS

Source: New Jersey MLS

MLS Number: 25018224

New Jersey MLS
New Jersey Union County Elizabeth 07206 Elizabethport

261-263 Second St, Elizabeth, NJ

This home is located at 261-263 Second St, Elizabeth, NJ 07206 and is currently priced at $999,000. 261-263 Second St is a home located in Union County with nearby schools including Benjamin Franklin School No. 13, Elizabeth High School, and The Patrick School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.

Nearby Homes
Joao Pereira
Listing Agent
Joao Pereira
Section Image
RE/MAX New Millennium Group
(908) 747-1882