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Updated Four-Unit Multifamily Property
For Sale
$975,000
Pending

1024 Sheridan Ave, Elizabeth, NJ 07208

Finished basement, solar panels, and dedicated parking add functional value for residents and ownership.

Property SizeContact for details
Days on Market24

Property Features for 1024 Sheridan Ave

General Information

Standard status Pending
Total Parking Spaces 4
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Amenities

central air
solar panels
finished basement

Building Details

Year Built 1927
Buildings 1
Listing Agency: Elite Realtors Of New Jersey
Listed By: Lynn Garafola, Team Leader
Source: Teamnestbuilder
Added: Aug 9 Changed: Aug 31 Last Checked: Aug 29 at 9:07AM

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 Elite Realtors Of New Jersey

Investment Insights

Based on property information with market context.

This four-unit multifamily property, built in 1927, contains four two-bedroom, one-bath apartments. One unit is vacant, while the remaining layout supports both rental and owner-occupant considerations. A finished basement adds a full bathroom and additional usable space. Property improvements include a newer roof with solar panels and updated central air throughout.

Parking includes a two-car garage plus two additional off-street spaces at the rear. The property is located near major highways, public transportation, shopping, dining, and other local amenities in Elizabeth, New Jersey.

Key Highlights

  • Four two‑bedroom, one‑bath units in a quadplex configuration
  • One unit currently vacant
  • Finished basement with full bathroom and additional usable space

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair Clothing & Fashion Store Acupuncture

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

864
Businesses Nearby

Demographics for 07208, NJ

33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
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?
Quadplex - Finished basement, solar panels, and dedicated parking add functional value for residents and ownership.
Where is this quadplex located?
The property is located at 1024 Sheridan Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units in a quadplex configuration; One unit currently vacant; Finished basement with full bathroom and additional usable space
More about this property
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