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    514 Marshall St Elizabeth, NJ 07206

    Sponsored
    For Sale
    $650,000

    MULTI_FAMILY - Elizabeth, NJ

    Property size:
    2,832 SF
    Lot size:
    0.06 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 7 at 4:06 am

    Property Features for 514 Marshall St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 5, Basement, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3
    Bedrooms
    5
    Bathrooms
    2
    APN
    04-00658-0000-00027
    Basement
    Full
    Size
    2,832 SF
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Multi Units
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    3
    Number of units
    2
    Roof type
    Shingle

    Rimos International Inc DBA Re/Max Central (732) 972-1000 [email protected]

    Listing agent Michael Sclafani (732) 972-1000

    Listing date Jan 5, 2026

    MLS# 22600315 Listing URL

    Copyright © 2026 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Family Property Investment Opportunity

    This two-family property presents an investment opportunity with income potential. Each unit features 2 bedrooms and 1 full bathroom. The property includes a full basement that offers additional living or storage space. A 3rd-floor bonus apartment adds value and potential for increased income. Off-street parking is available. The property is located near major highways, public transportation, shopping, and local amenities in Elizabeth, NJ. The lot size is 0.06 acres, and the property size is 2,832 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.197966
    Latitude
    40.654856

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    FAQs

    What type of property is this?
    Duplex - Two-family property with income potential near transportation and amenities.
    Where is this duplex located?
    The property is located at 514 Marshall St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Exceptional income potential from a cash-producing two-family property.; - Each unit has **2 spacious bedrooms and 1 full bathroom**, appealing to tenants.; - Full basement and 3rd-floor bonus apartment offer additional living/storage space and income potential.
    (732) 972-1000
    Request Owner's contact information
    514 Marshall St Elizabeth, NJ 07206
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    Elizabeth, NJ 07206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Marshall St Elizabeth, NJ 07206
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