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Apartment Building with Finished Basement
New
For Sale
$899,999

334 1st Avenue, Elizabeth, NJ 07206

2-4 Family, Elizabeth, NJ

Property SizeContact for details
Days on Market6

Property Features for 334 1st Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 10
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 4, Basement, Bedroom 6, Bathroom 6, Bedroom 7, Bathroom 4, Bathroom 5, Bedroom 9, Bedroom 3, Bedroom 10, Bedroom 5, Bedroom 2, Bedroom 1
Basement Full
Subdivision Elizabeth
Standard status Active

Utilities

Cooling system Central Air

Amenities

large finished basement
parking
central A/C
forced hot-air heating
Listing Agency: Keller Williams City Views Realty · Keller Williams Realty
Listed By: Liliam Nunez-Paz
Added: Aug 24 Changed: Aug 26 Last Checked: Aug 29 at 12:06PM
MLS# 26032073

Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment building at 334 1st Avenue includes 8 rooming units and 6 bathrooms, along with a large finished basement and on-site parking. Central A/C and forced hot-air heating serve the property. The first-floor principal unit is occupied by the owner and includes 2 bedrooms, a modern kitchen, a renovated bathroom, and updated interior finishes.

The property is in Elizabeth, NJ 07206, with access to major highways, Newark Airport, shopping centers, and public transportation. Its residential layout combines multiple rooming units with a dedicated principal unit and finished lower-level space.

Key Highlights

  • 8 rooming units and 6 bathrooms
  • Large finished basement
  • First‑floor principal unit with 2 bedrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center Law Firm Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,086
Businesses Nearby

Demographics for 07206, NJ

30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight rooming units, six bathrooms, on-site parking, and central air conditioning support the property’s residential configuration.
Where is this apartment building located?
The property is located at 334 1st Avenue Elizabeth, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 8 rooming units and 6 bathrooms; Large finished basement; First‑floor principal unit with 2 bedrooms
More about this property
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