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Two-Family Updated Duplex Opportunity
For Sale
$729,900
Pending

716 Monroe Ave, Elizabeth, NJ 07201

Recently updated two-family home offering large, modern units with commuter-friendly access to major highways and transit.

Property SizeContact for details
Days on Market69

Property Features for 716 Monroe Ave

General Information

Standard status Pending
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $9,009

Building Details

Year Built 1960
Units 2
Listing Agency: Rosa Agency Ironbound LLC
Listed By: IOLA ARCANJO
Source: Elliman
Added: Jun 16 Changed: Aug 15 Last Checked: Aug 23 at 6:01AM

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 Rosa Agency Ironbound LLC

Investment Insights

Based on property information with market context.

This recently updated two-family duplex offers spacious, large units with modern improvements throughout. The property is described as well-maintained, making it suitable for either an owner-occupant who wants additional rental income or an investor looking for a residential income asset with visible upgrades.

Located in the North Elizabeth section near the North Elizabeth Station, the home provides easy access to the New Jersey Turnpike and U.S. Routes 1 and 9. The remarks also note convenient proximity to Newark Liberty International Airport and access to NJ Transit rail service, supporting day-to-day commuting and travel.

For tenants or owner-occupants, the combination of updated interiors and generous unit sizes can help streamline move-in readiness, while the area’s transit and highway connectivity can support a broad range of household needs. For buyers, the property’s two-family configuration and recent improvements provide a practical foundation for managing residential income in a market with convenient access to employment centers and regional destinations.

Key Highlights

  • Two‑family dwelling built in 1960
  • Recently updated with modern improvements throughout
  • Large units in a spacious, well‑maintained two‑family home

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Locksmith Acupuncture Restaurant Tanning Salon

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

1,469
Businesses Nearby

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

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?
Duplex - Recently updated two-family home offering large, modern units with commuter-friendly access to major highways and transit.
Where is this duplex located?
The property is located at 716 Monroe Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two‑family dwelling built in 1960; Recently updated with modern improvements throughout; Large units in a spacious, well‑maintained two‑family home
More about this property
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