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Elizabeth Multifamily Investment Opportunity
For Sale
$730,000

546 S Broad St, Elizabeth, NJ 07202

Income-producing multifamily property in the heart of Elizabeth.

Property SizeContact for details
Lot Size0.06 Acres
Days on Market152

Property Features for 546 S Broad St

General Information

Standard status Active
Lot size 0.06 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $8,949

Building Details

Year Built 9999
Units 2
Listing Agency: Realty ONE Group Legend
Listed By: STEFFANIA OLIVO
Source: Elliman
Added: Mar 24 Changed: Aug 14 Last Checked: Aug 21 at 7:41AM

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 Realty ONE Group Legend

Investment Insights

Based on property information with market context.

This income-producing multifamily property is located in Elizabeth, offering proximity to the Elizabeth Train Station and Route 1-9. The location provides convenient access to Trinitas Hospital, Elizabeth High School, shopping centers, restaurants, laundromats, and public transportation. The property features two apartments, each with 3 bedrooms and 2 bathrooms. Additional space is available in the finished attic and finished basement. The current tenants are on month-to-month leases, offering flexibility for investors or potential owner-occupants. This property presents an opportunity to expand an investment portfolio or live in one unit while generating rental income from the other.

Key Highlights

  • Income‑producing multifamily property in a highly desirable rental location.
  • Two spacious apartments, each with 3 bedrooms and 2 bathrooms.
  • Convenient access to Elizabeth Train Station and Route 1‑9.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Tanning Salon Pet Grooming Service Pet 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.

Location Intelligence

Trade Area within ½ mile

1,829
Businesses Nearby

Demographics for 07202, NJ

43,389
Population
15,866
Households
2.7
Avg Household Size
36
Median Age
13%
College-Educated
76%
High-School Grad
2.3 sq mi
ZIP Area
18,865
Density / Sq Mi
$68,071
Median Household Income
$40,505
Median Earnings
$1,508
Median Rent
$358,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Income-producing multifamily property in the heart of Elizabeth.
Where is this duplex located?
The property is located at 546 S Broad St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Income‑producing multifamily property in a highly desirable rental location.; Two spacious apartments, each with 3 bedrooms and 2 bathrooms.; Convenient access to Elizabeth Train Station and Route 1‑9.
More about this property
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