514 Morris Ave Unit 516 Elizabeth, NJ 07208
Elmora NeighborhoodEstimated payment $7,885/month
Highlights
- 2 Car Detached Garage
- Level Lot
- Storage Shed
- Elizabeth High School Rated A
About This Home
Investment Opportunity in Downtown Elizabeth! This three-family located in a very attractive commercial zone features 3 apartments, including an attic space and a finished basement. Its prime location near Kean University, Newark Airport, and NJ-NYC train Station, along with a nearby park and excellent school system, enhances its appeal. Additionally, a storage unit in the back of the property, along with 2-car garage. Don't miss this chance!
Co-Listing Agent
JESUS POSADA
BREWSTER REALTY Brokerage Phone: 908-820-8888
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,558
Year Renovated
- 2018
Lot Details
- 52 Sq Ft Lot
- Level Lot
Parking
- 2 Car Detached Garage
Home Design
- Vinyl Siding
Interior Spaces
- Blinds
- Fire and Smoke Detector
- Finished Basement
Bedrooms and Bathrooms
- 9 Bedrooms
Outdoor Features
- Storage Shed
Utilities
- Window Unit Cooling System
- Multiple Heating Units
- Standard Electricity
- Gas Water Heater
Community Details
- Net Operating Income $9,999
Listing and Financial Details
- Assessor Parcel Number 2904-00157-0000-00010-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,558 | $704,700 | $221,700 | $483,000 |
| 2024 | $15,526 | $704,700 | $221,700 | $483,000 |
| 2023 | $15,526 | $49,400 | $13,100 | $36,300 |
| 2022 | $15,106 | $49,400 | $13,100 | $36,300 |
| 2021 | $14,794 | $49,400 | $13,100 | $36,300 |
| 2020 | $14,460 | $49,400 | $13,100 | $36,300 |
| 2019 | $14,239 | $49,400 | $13,100 | $36,300 |
| 2018 | $14,100 | $49,400 | $13,100 | $36,300 |
| 2017 | $13,707 | $49,400 | $13,100 | $36,300 |
| 2016 | $13,708 | $49,400 | $13,100 | $36,300 |
| 2015 | $12,893 | $49,400 | $13,100 | $36,300 |
| 2014 | $12,506 | $49,400 | $13,100 | $36,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | For Sale | $1,279,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | $15,000 | None Available | |
| Deed | $275,000 | -- | |
| Sheriffs Deed | -- | -- | |
| Bargain Sale Deed | $255,000 | -- | |
| Bargain Sale Deed | $155,000 | Old Republic Natl Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $415,600 | Unknown | |
| Closed | $385,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $261,250 | No Value Available | |
| Previous Owner | $251,678 | FHA | |
| Previous Owner | $124,000 | Stand Alone First |
Source: Garden State MLS
MLS Number: 3954156
APN: 04-00011-0000-00789
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