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Two-Unit Residential Income Property

31 Prospect St Elizabeth, NJ 07201

New
31 Prospect St, Elizabeth, NJ, 07201
$575,000
For Sale
$575,000

Two residential units with a finished attic and off-street parking for three cars.

Days on Market3

Property Features for 31 Prospect St

General Information

Standard status
Active
Property subtype
Multi Family

Building Details

Year Built
9999
Listing agency EXIT REALTY LUCKY ASSOCIATES
Listed by ANTONIO COSTA · License #238477
Source Elliman
Added: Jul 19 Updated: Jul 20 at 4:33AM Checked: Jul 21 at 7:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT REALTY LUCKY ASSOCIATES


Investment Insights

Based on property information with market context.

This two-unit residential income property includes separate units with ceramic and laminated floors and separate utilities. The first-floor unit features two bedrooms, a living room, an eat-in kitchen, and a bathroom; it is currently vacant and needs work. The second-floor unit includes two bedrooms, an eat-in kitchen, and a bathroom, and is on a month-to-month basis with rent noted at $1,450.00. A finished attic provides an additional one-room space with a full bathroom. The property also has a full unfinished basement with a utility room and laundry hook-ups.

Off-street parking is available for three cars, and the home includes a large shed in the long backyard. The property is being sold in as-is condition, and the buyer is responsible for all city inspections and repairs.

Key Highlights

  • Two residential units with a finished attic and off‑street parking for 3 cars
  • 1st‑floor unit: 2 bedrooms, living room, eat‑in kitchen; bathroom is vacant and needs work (sold as‑is)
  • 2nd‑floor unit: 2 bedrooms with eat‑in kitchen and bathroom; month‑to‑month rent of $1,450/month

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Real Estate Agency Catering Service Restaurant (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Two residential units with a finished attic and off-street parking for three cars.
Where is this duplex located?
The property is located at 31 Prospect St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two residential units with a finished attic and off‑street parking for 3 cars; 1st‑floor unit: 2 bedrooms, living room, eat‑in kitchen; bathroom is vacant and needs work (sold as‑is); 2nd‑floor unit: 2 bedrooms with eat‑in kitchen and bathroom; month‑to‑month rent of $1,450/month
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