$588,999

32 Cedar Ave, Elizabeth City, NJ 07202

5 beds |
3 baths

Single-Family Home
Built in 1990
2,614sqft lot
—— car garage
$——/sqft
Listed 2 days ago

Property Description

Welcome to this exceptional investment opportunity. This versatile property was fully renovated in 2024 and features a fresh interior throughout. The layout is thoughtfully designed with 5 spacious bedrooms, 2 full kitchens, and 3 separate living rooms, creating three fully self contained units.The primary unit offers 3 bedrooms, providing a perfect residence for an owner occupant while the two additional units generate significant supplemental income. The property is currently operating as 3 active Airbnb spaces with a proven track record of short term rental success. Outside, you will find a private driveway and a backyard designed for entertaining, which are rare features in this competitive market.Investors will appreciate the low property taxes of only $7,900 per year, a factor that significantly maximizes net returns.The location offers unmatched convenience for commuters and travelers alike. Residents enjoy immediate access to NYC bound buses and NJ Transit trains, making it a true car free destination. The property is minutes from Newark Liberty International Airport and provides direct access to Routes 1/9, the NJ Turnpike, and the Garden State Parkway. Its proximity to the Prudential Center and MetLife Stadium ensures high desirability in Union County's largest city.

Listing Status:: Active
Data Last Updated:: April 24, 2026 at 1:40PM
Listing Office:: RE/MAX SELECT : 908-233-9292
MLS ID:: 4022672

Kitchen: Eat-In Kitchen
Appliances: Carbon Monoxide DetectorMicrowave OvenRange/Oven-GasRefrigeratorWater Softener-OwnWine Refrigerator
Basement: Finished
A/C: 1 UnitCentral Air
Heating: 1 UnitMulti-ZoneGas-Natural
Fireplace: Living RoomNon-FunctionalFireplaces: 1

General: Vinyl SidingBarbequeCurbsPatioSidewalkThermal Windows/Doors
Style: A-Frame
Pool: Above GroundHeated
Parking: Parking spaces: 1

Roofing: Asphalt Shingle

County: Union

Driveway: 1 Car Width
Zoning: T22904-00374-0000-00005-0000-

Utilities: ElectricGas-Natural
Water: Public Water
Sewer: Public Available

Exclusions: furniture and appliances except gas stove

This listing courtesy of RE/MAX SELECT

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Dr. Orlando Edreira Academy School No. 26

1014 S Elmora Ave, Elizabeth, NJ, 07202

Grades PK-8

0.19 miles away

Dr. Orlando Edreira Academy School No. 26

1014 S Elmora Ave, Elizabeth, NJ, 07202

Grades PK-8

0.19 miles away

School No 92

237 S Broad St, Elizabeth, NJ, 07202

Grades 9-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.