Two-Unit Residential Income
For Sale
$575,000
Pending
31 Prospect St, Elizabeth, NJ 07201
Two residential units with a finished attic and off-street parking for three cars.
Property SizeContact for details
Days on Market49
Property Features for 31 Prospect St
General Information
Standard status
Pending
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,740
Building Details
Year Built
9999
Units
2
Listing Agency:
EXIT REALTY LUCKY ASSOCIATES
Listed By:
ANTONIO COSTA · License #238477
(908) 289-7746
Source:
Elliman
Added: Jul 19
Changed: Sep 4
Last Checked: Sep 4 at 11:37AM
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.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 07201, NJ
29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
