$999,000
$301K PRICE DROP

261-263 Second St Elizabeth, NJ 07206

Elizabethport Neighborhood

Estimated payment $6,627/month

Total Views 4,638
-- 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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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

For Sale

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