$920,000
PENDING

715 Summer St Unit 2 Elizabeth, NJ 07202

Bayway Neighborhood

Estimated payment $6,133/month

Total Views 4,126
5 Beds
4.5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • High Ceiling
  • Walk-In Closet
  • Forced Air Heating and Cooling System
  • Elizabeth High School Rated A
  • Patio
  • Private Driveway

About This Home

Fully renovated mixed-use property in the heart of Elizabeth featuring a leased commercial space on the first floor and a spacious multi-level residential unit above, offering 5 bedrooms and 4 full bathrooms. Both units are currently rented, providing immediate income potential. The upper unit offers a flexible layout ideal for large households or rental strategies. With separate entrances, updated finishes, and a prime location near schools, shopping, and public transportation, this property is a solid opportunity for first time home buyers or investors seeking value and long-term growth.

Listing Agent

JUANA GOMEZ-VALDEZ

PREMIER HOMES Brokerage Phone: 908-245-6767 Listed on: 07/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,442

Year Renovated

  • 2020

Home Design

  • Slab Foundation
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • High Ceiling
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Parking

  • 7 Parking Spaces
  • Private Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Gas Water Heater

Additional Features

  • Patio
  • 3,485 Sq Ft Lot

Community Details

  • Net Operating Income $999,999

Listing and Financial Details

  • Assessor Parcel Number 2904-00456-0000-00026-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,442

Year Renovated

2020

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 9999
  • Year Built Description: Renovated
  • County Name: Union
  • Renovated Year: 2020
  • Street Number Display: 715
  • Directions: BROAD STREET TO SUMMER STREET
  • I D: 5371059
  • Modified: 2025-08-20
  • Number Images: 28
  • Attribution Contact: 908-245-6767
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Walk-In Closet, Wood Floors
  • Total Number Rooms: 14
  • Bedrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Basement Description: Slab

Exterior Features

  • Exterior Description: Stone, Vinyl Siding
  • Exterior Features: Patio, Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 7
  • Parking Driveway Description: 1 Car Width, Blacktop, Driveway-Exclusive

Utilities

  • Cooling: 3 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 35X100
  • Assessed Improvement Value: 423700
  • Assessed Land Value: 275000
  • Assessment: 698700
  • Lot Identifier: 26
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.08

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 13442
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2904-00456-0000-00026-0000-
  • Tax Rate Amount: 1.924
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 2

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 Change Sq Ft Price
08/20/2025 08/20/25 Price Changed $920,000 +6.4% --
08/20/2025 08/20/25 Pending -- -- --
07/11/2025 07/11/25 For Sale $865,000 -- --
Source: Garden State MLS

Similar Homes in the area

  • 339 41pennington St, Elizabeth City, NJ 07202

    $890,000

    • 5 Beds
    • 3 Baths
    • 2,746 Sq Ft
    • 339 41pennington St
    • Elizabeth City, NJ

    Offer accepted. Showings for back up only. Don't miss this incredible opportunity to own a meticulously maintained two-family home nestled in the heart of Elmora. Perfect for both saVvy investors and owner-occupants, this property sits on a rare and expansive 33x200 lot, offering endless potential and versatility. Each of the two well-designed units features comfortable, functional layouts: Unit

    Maria Garcia-Herreros BHHS FOX & ROACH

    Section Image
  • 425 Fulton St, Elizabeth, NJ 07206

    $829,000

    • 6 Beds
    • 5 Baths
    • 425 Fulton St
    • Elizabeth, NJ

    Welcome to this well-maintained two-family residence, an excellent opportunity for both comfortable living and investment potential. Each unit offers three spacious bedrooms, two full bathrooms, and generous living and dining areas designed for modern lifestyles.The fully finished basement enhances the home?s versatility, featuring two bonus rooms, kitchenette, full bath and direct access to the

    Cintia D'Urso VOX REALTY

    Section Image
  • 513 Livingston St, Elizabethport, NJ 07206

    $699,999

    • 6 Beds
    • 3 Baths
    • 513 Livingston St
    • Elizabethport, NJ

    This is a great opportunity for investors as this large 2 family house has been updated with paint job and new floors. Some updated appliances in the kitchens, minor bathroom refresh as well. Each apartment is about 1300 square feet with 3 bedrooms and lots of space including 1 garage space for each apartment, as well as driveway parking. Unit 1 has direct access to the basement which has another

    Ira Goodman Keller Williams Village Square Realty

    Section Image
  • 513 Maple Ave, Elizabeth, NJ 07202

    $849,000

    • 6 Beds
    • 3 Baths
    • 513 Maple Ave
    • Elizabeth, NJ

    Well maintain three units house, each unit is a two bedroom, with five parking spaces and three detached garages.

    Vanessa Cedeno KELLER WILLIAMS REALTY

    Section Image
  • 801 Garden St Unit 803, Elizabeth, NJ 07202

    $799,900

    • 6 Beds
    • 4 Baths
    • 801 Garden St
    • Unit 803
    • Elizabeth, NJ

    Four family Home located in desirable location near Major Highways, shopping area, Malls, Houses of Worship. with 2 units of 2 Bedroom & 1 Bath, and 2 Units: 1 Bedroom & 1 Bath, side by side. Investors opportunity! Conventional loans or Cash buyers.

    MARIA BERGANZA CENTURY 21 ALLIANCE REALTY

    Section Image
  • 727 Bonnett St Unit 2, Elizabeth, NJ 07202

    $875,000

    • 4 Beds
    • 2 Baths
    • 727 Bonnett St
    • Unit 2
    • Elizabeth, NJ

    Welcome to this well-maintained two family house located at Bayway section of Elizabeth Union County. Great potential for owneroccupied or investors. unit 1 features 2 bedrooms, 1 bathroom, Unit 2 futures same amenities. Both unit provide good size living room-dinningroom. location, Location, Location.

    Catalina Geier COLDWELL BANKER REALTY

    Section Image
  • 752 Fairbanks St Unit 4, Elizabeth, NJ 07202

    $900,000

    • 6 Beds
    • 4 Baths
    • 752 Fairbanks St
    • Unit 4
    • Elizabeth, NJ

    Well Maintained Four Family house, featuring 4 rooms in each apartment, two have two bedrooms eat in kitchen, bathroom and living room on the second floor. The first floors have one bedroom, eat in kitchen, dining room and living room, hardwood floors. Oil tank has been removed..

    ALETA GRIFFIN SMITH NEW AND MODERN GROUP

    Section Image
  • 914 South St, Elizabeth, NJ 07202

    $730,000

    • 6 Beds
    • 3.5 Baths
    • 914 South St
    • Elizabeth, NJ

    Welcome to 914 South Street in Elizabeth, a prime two-family home ideal for both investors and first-time buyers. This property features well-maintained units, each with spacious layouts, and a fully finished basement with separate storage areas for added convenience. **Investment Appeal:** Perfect for generating dual rental income in a high-demand location. **Location Perks:** - **Public

    Kadir Temer NATIONWIDE HOMES REALTY LLC

    Section Image
  • 353 Fay Ave, Elizabeth, NJ 07202

    $699,900

    • 4 Beds
    • 3 Baths
    • 353 Fay Ave
    • Elizabeth, NJ

    Excellent opportunity to own a well-located 3-family home in Elizabeth that is currently used as a 2 Family home, just minutes from NYC transit and Newark Liberty International Airport. This versatile multi-family property offers strong rental income potential, whether you're an investor or looking to live in one unit while renting the other. Each unit features a practical layout, generous

    Christian Cobo BHGRE ELITE

    Section Image

Source: Garden State MLS

MLS Number: 3974800

Garden State MLS