Renovated Multifamily Property with
For Sale
$649,000
Pending
34 Erie St, Elizabeth, NJ 07206
Turn-key multifamily property with strong income potential in prime location.
Property SizeContact for details
Days on Market100
Property Features for 34 Erie St
General Information
Standard status
Pending
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,744
Building Details
Year Built
1998
Units
2
Listing Agency:
Listed By:
HELENE HALABI-JURGENSEN
Source:
Elliman
Added: May 17
Changed: Aug 16
Last Checked: Aug 23 at 6:55AM
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 HELENE HALABI-JURGENSEN
Investment Insights
Based on property information with market context.
This fully renovated multifamily property presents a turn-key investment opportunity, requiring zero remodeling and offering immediate income potential. The property is situated in a desirable rental market in New Jersey. A significant advantage for both tenants and owners is the availability of parking. Its location provides quick access to the NJ Turnpike, Routes 1&9, I-278, and the Garden State Parkway, making it commuter-friendly. Newark Liberty International Airport is just minutes away, and New York City is easily accessible via NJ Transit and major highways. The property is conveniently located near shopping, restaurants, schools, parks, and employment centers. Its proximity to The Mills at Jersey Gardens supports strong tenant demand throughout the year. This property is suited for investors seeking immediate rental income, minimal maintenance, and long-term appreciation in a high-demand area.
Key Highlights
- Fully renovated, requiring zero remodeling investment.
- Strong rental income and cash‑flow potential.
- Prime commuter location with quick access to major highways (NJ Turnpike, Routes 1&9, I‑278, Garden State Parkway) and Newark Liberty International Airport.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Turn-key multifamily property with strong income potential in prime location.
Where is this multifamily property located?
The property is located at 34 Erie St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Fully renovated, requiring zero remodeling investment.; Strong rental income and cash‑flow potential.; Prime commuter location with quick access to major highways (NJ Turnpike, Routes 1&9, I‑278, Garden State Parkway) and Newark Liberty International Airport.
