Impeccable investment property located in the highly desirable Bayway section of Elizabeth, NJ, offering a rare opportunity for both investors and owner-occupants. The building features four well-designed units, each consisting of 1 bedroom, 1 full bathroom, a comfortable living room, and a separate dining area, providing functional and inviting layouts that are consistently in demand. All units are in excellent, move-in condition and have been meticulously maintained, reflecting true pride of ownership and minimal deferred maintenance. A standout feature of the property is the right-side unit, which includes a fully finished basement, offering additional usable space that can serve as recreation, storage, or extended living adding both flexibility and potential value. Situated in a strong rental corridor with close proximity to major highways, public transportation, shopping, and local amenities, this property benefits from consistent tenant demand and long-term stability. With its solid unit mix, turnkey condition, and prime location, this asset presents an excellent opportunity for immediate cash flow, long-term appreciation, or owner-occupancy with supplemental income, making it a valuable addition to any real estate portfolio.

Property Details of 718 Thomas Street

Property Details

Interior Features

Other Details

Map Location

Listed by New And Modern Group / Ami Yazmin Cruz (908-312-5113)

 Based on information submitted to GSMLS as of June 13, 2026 2:47 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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