$920,000
PENDING

715 Summer St Unit 2 Elizabeth, NJ 07202

Bayway Neighborhood

Estimated payment $5,964/month

Total Views 4,147
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-

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
  • Directions: BROAD STREET TO SUMMER STREET
  • I D: 5371059
  • 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
  • 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
  • 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 Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
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

Source: Garden State MLS

MLS Number: 3974800

Garden State MLS
New Jersey Union County Elizabeth 07202 Bayway

715 Summer St Unit 2, Elizabeth, NJ

Pending

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Nearby Homes
Listing Agent
JUANA GOMEZ-VALDEZ
PREMIER HOMES