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8-Unit Apartment Building with Basement
New
For Sale
$899,999

334 1st Ave Unit 2, Elizabeth, NJ 07206

Rooming accommodations include a finished basement, parking, and central air conditioning.

Property SizeContact for details
Days on Market2

Property Features for 334 1st Ave Unit 2

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 8

Amenities

central A/C
forced hot-air heating
parking
large finished basement

Building Details

Year Built 1905
Listing Agency: KELLER WILLIAMS CITY VIEWS REALTY
Listed By: LILIAM NUNEZ-PAZ, OSCAR NUNEZ-PAZ
Source: Goldstandardrealty
Added: Sep 9 Last Checked: Sep 10 at 11:00AM

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 KELLER WILLIAMS CITY VIEWS REALTY

Investment Insights

Based on property information with market context.

Built in 1905, this apartment property contains 8 rooming units and 6 bathrooms, along with a large finished basement. Building systems include central A/C and forced hot-air heating, while on-site parking adds practical functionality. The first-floor principal unit features 2 bedrooms, a modernized kitchen, and a renovated bathroom.

The property is positioned near major highways, Newark Airport, shopping centers, and public transportation. Its configuration combines multiple rooming accommodations with shared building features and an upgraded owner-occupied unit, providing a clearly defined multifamily layout.

Key Highlights

  • 8 rooming units and 6 bathrooms
  • Large finished basement included
  • First‑floor principal unit with 2 bedrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center Law Firm Locksmith (Bike/Boat/Book/etc) Store

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

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,553
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?
Apartment building - Rooming accommodations include a finished basement, parking, and central air conditioning.
Where is this apartment building located?
The property is located at 334 1st Ave Unit 2 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 8 rooming units and 6 bathrooms; Large finished basement included; First‑floor principal unit with 2 bedrooms
More about this property
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