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Two-Unit Residential Property
For Sale
$699,000

224 Pine St, Elizabeth, NJ 07206

Separate residences support owner occupancy, rental income, or multigenerational living.

Property SizeContact for details
Days on Market15

Property Features for 224 Pine St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family

Units

Unit Mix 3BR/2BA, 3BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $12,039

Building Details

Year Built 2000
Buildings 1
Units 2
Listing Agency: SIGNATURE REALTY NJ
Listed By: YULIYA ROMAN
Source: Elliman
Added: Sep 18 Changed: Sep 24 Last Checked: Oct 1 at 12:36PM

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 SIGNATURE REALTY NJ

Investment Insights

Based on property information with market context.

Built in 2000, this duplex contains two separate residences with distinct layouts. The upper unit offers 3 bedrooms, 2 full baths, an open-concept living arrangement, a primary suite with private bath, and generous closet space. The lower unit includes 3 bedrooms and 1 full bath, providing additional residential capacity and flexibility for occupancy or leasing.

Exterior features include a cleared backyard, private driveway parking for 2 vehicles, and a garage that adds storage space. The property is in Elizabeth, with access to transportation, major roadways, shopping, dining, and everyday services. Walk Score is 77, Bike Score is 53, and Transit Score is 34.

Key Highlights

  • Two residential units with 3‑bedroom layouts
  • Upper unit includes 2 full baths and a private primary suite bath
  • Lower unit includes 3 bedrooms and 1 full bath

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Daycare Center Garden 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

Location Intelligence

Trade Area within ½ mile

942
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
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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?
Duplex - Separate residences support owner occupancy, rental income, or multigenerational living.
Where is this duplex located?
The property is located at 224 Pine St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two residential units with 3‑bedroom layouts; Upper unit includes 2 full baths and a private primary suite bath; Lower unit includes 3 bedrooms and 1 full bath
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