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Renovated Brick Mixed-Use Building
For Sale
$875,000

173 3Rd St, Elizabeth, NJ 07206

MULTI_FAMILY - Elizabeth City, NJ

Property SizeContact for details
Lot Size0.12 Acres
Days on Market90

Property Features for 173 3Rd St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Basement, Bedroom 6
Subdivision Elizabeth Port
Directions 173-175 Third St, Elizabeth, NJ 07206
Standard status Active
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 16567

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1924
Floors in Building 2
Number of units 3
Roof type Flat
Architectural style Other
Listing Agency: BHGRE ELITE
Listed By: JAZMINE CLAUSEN-SOIR · License #275171
Added: May 12 Changed: Aug 2 Last Checked: Aug 9 at 9:06PM
MLS# 4026848

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.

173-175 Third St is a renovated brick mixed-use building featuring approximately 2,300 sq ft of commercial space on the first floor, supported by a configuration that can accommodate a variety of commercial uses. The second floor includes two fully renovated residential units, each with three bedrooms and modern eat-in kitchens, plus new flooring throughout and new bathrooms.

The building is equipped with central air and central heat throughout for year-round comfort. It sits on a 0.12-acre lot and has a flat roof. Public water and public sewer services are in place.

Built in 1924, the property includes a basement and is served by public utilities, supporting both commercial and residential occupancy within the same address.

Key Highlights

  • Approximately 2,300 sq ft of first‑floor commercial space
  • Two fully renovated second‑floor residential units, each with three bedrooms
  • Central air and central heat throughout

Property Analytics

Current Use

Duplexes

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.

Location Intelligence

Trade Area within ½ mile

1,369
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?
Mixed-use property - Renovated brick mixed-use building with first-floor commercial space and two second-floor residential units with central air.
Where is this mixed-use property located?
The property is located at 173 3Rd St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 2,300 sq ft of first‑floor commercial space; Two fully renovated second‑floor residential units, each with three bedrooms; Central air and central heat throughout
More about this property
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