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Brick Mixed-Use Building
For Sale
$725,000

173-175 3rd St, Elizabeth, NJ 07206

Multi-Family, 2-Two Story, Under/Over, Elizabeth City, NJ

Property SizeContact for details
Lot Size0.12 Acres
Days on Market10

Property Features for 173-175 3rd St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 2
Half bathrooms 2
Rooms Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 3, Basement, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 2
Directions Between Magnolia Ave. and Court St
Standard status Active
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 16567

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

central air conditioning/heat

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Roof type Flat
Architectural style Other
Listing Agency: BHGRE ELITE
Listed By: MOSHE WIGDER
Added: Sep 16 Last Checked: Sep 25 at 4:06AM
MLS# 4053318

Copyright © 2026 Garden State MLS, LLC. 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 brick mixed-use building combines a 2,300-square-foot commercial area on the ground floor with two apartments above. Each apartment contains three bedrooms and a modern eat-in kitchen, creating a clear separation between the commercial and residential components. Central air conditioning and heat serve the entire building. The property was built in 1920 and includes a flat roof, forced-air heating, public water, and public sewer.

The property is located in Elizabeth City, NJ, near major highways, shopping centers, Newark Liberty International Airport, IKEA, and Jersey Gardens Mall. The 0.12-acre site provides a compact setting for the existing mixed-use improvements.

Key Highlights

  • 2,300‑square‑foot ground‑floor commercial space
  • Two second‑floor apartments, each with three bedrooms
  • Central air conditioning and heat throughout the building

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Dental Office Daycare Center Parking Lot & Garage

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,286
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Mixed-use property - Commercial space with two upper-level apartments and building-wide central air conditioning and heat.
Where is this mixed-use property located?
The property is located at 173-175 3rd St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,300‑square‑foot ground‑floor commercial space; Two second‑floor apartments, each with three bedrooms; Central air conditioning and heat throughout the building
More about this property
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