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Quadplex With Solar Panels
New
For Sale
$975,000

1024 Sheridan Ave, Elizabeth, NJ 07208

MULTI_FAMILY - Elizabeth City, NJ

Property SizeContact for details
Lot Size0.10 Acres
Days on Market5

Property Features for 1024 Sheridan Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 7, Basement, Bedroom 3, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 9, Bathroom 2, Bedroom 5
Parking 2
Directions from north avenue take sheridan ave north to 1024 sheridan
Standard status Active
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 13465

Utilities

Sewer type Public Sewer
Water source Public

Amenities

finished basement
solar panels
central air

Building Details

Year built 1927
Number of units 4
Roof type Shingle
Architectural style Other
Listing Agency: ELITE REALTORS OF NEW JERSEY
Listed By: EDWIN DEVIA
Added: Aug 7 Changed: Aug 11 Last Checked: Aug 11 at 8:06PM
MLS# 4045703

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1927 quadplex contains four two-bedroom, one-bath apartments, with one residence currently vacant. The building also includes a finished basement with a full bathroom and additional usable space. Recent property improvements include a newer shingle roof fitted with solar panels and updated central air serving the property.

Parking includes a two-car garage plus two additional off-street spaces at the rear. The property sits on 0.1 acres at 1024 Sheridan Ave in Elizabeth, NJ, with public water and public sewer service. Major highways, public transportation, shopping, dining, and other local amenities are located nearby.

Key Highlights

  • Four two‑bedroom, one‑bath apartments; one unit is currently vacant
  • Finished basement with a full bathroom and additional usable space
  • Newer shingle roof with solar panels

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

1,016
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 - Four-unit income property with updated central air, a finished basement, and dedicated on-site parking.
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 apartments; one unit is currently vacant; Finished basement with a full bathroom and additional usable space; Newer shingle roof with solar panels
More about this property
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