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Four-Unit Residential Income Property
For Sale
$839,999

718-722 Thomas St Elizabeth City, Elizabeth, NJ 07202

Four 1-bedroom units with full baths, including a right-side unit with a fully finished basement.

Property Size4,796 SF
Price / SF$175.15
Days on Market56

Property Features for 718-722 Thomas St Elizabeth City

General Information

Standard status Active
Size 4,796 SF
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $12,152

Amenities

Asphalt Shingle
On-Street Parking
Public Sewer
Union
Active
2904
See Remarks
1 Unit
4
2025
Elizabeth City
Gas-Natural
TAKE BAYWAY TO THOMAS ST
At closing
1945
12
12152
602500
Duplex-Side by Side
Finished,Full
3
1
2
1.0
1575
1700
1550
Bedrooms,Dining Room,Kitchen,Living Room
No
Public Water
48X100
0.11
4796
Brick,Stucco

Building Details

Building Size 4,796 SF
Year Built 1945
Tenancy Multi
Listing Agency:
Listed By: Dolores N. Diana
Source: Remaxwelcomehomenj
Added: Jun 27 Changed: Aug 21 Last Checked: Aug 21 at 4:08AM

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 Dolores N. Diana

Investment Insights

Based on property information with market context.

This residential income property includes four units configured as 1-bedroom layouts with 1 full bathroom, a living room, and a separate dining area. The right-side unit additionally offers a fully finished basement, providing extra usable space beyond the main living areas. The units are described as well-maintained and in move-in condition.

The property is located in the Bayway section of Elizabeth, NJ, with access to major highways, public transportation, and shopping and local amenities as noted in the remarks.

Offered for sale as a four-unit building, it presents a straightforward rental configuration for investors or owner-occupants seeking additional income from the other units.

Key Highlights

  • Four 1‑bedroom, 1‑bath units with separate dining areas and living rooms
  • Total building area of 4,796 SF in a brick and stucco exterior
  • Right‑side unit includes a finished full basement for additional usable space

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Accounting Firm Computer & Electronic Repair

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

4
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

728
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Four 1-bedroom units with full baths, including a right-side unit with a fully finished basement.
Where is this quadplex located?
The property is located at 718-722 Thomas St Elizabeth City Elizabeth, NJ.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units with separate dining areas and living rooms; Total building area of 4,796 SF in a brick and stucco exterior; Right‑side unit includes a finished full basement for additional usable space
More about this property
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