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

1024 Sheridan Ave Unit 4, Elizabeth, NJ 07208

Four-unit residential property with a finished basement, solar-equipped roof, central air, and dedicated parking.

Property SizeContact for details
Days on Market11

Property Features for 1024 Sheridan Ave Unit 4

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

finished basement
central air

Building Details

Year Built 1927
Listing Agency: ELITE REALTORS OF NEW JERSEY
Listed By: EDWIN DEVIA
Source: Goldstandardrealty
Added: Aug 22 Changed: Aug 31 Last Checked: Aug 31 at 7:40PM

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.

Built in 1927, this four-unit residential property contains four two-bedroom, one-bath apartments. One unit is vacant, while the remaining layout supports continued rental use. A finished basement adds a full bathroom and additional usable space beyond the apartments.

Property improvements include a newer roof with solar panels and updated central air throughout. Parking includes a 2-car garage plus 2 additional off-street spaces at the rear. The property is situated near major highways, public transportation, shopping, dining, and other local amenities in Elizabeth, New Jersey.

Key Highlights

  • Four 2‑bedroom, 1‑bath units
  • 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
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential property with a finished basement, solar-equipped roof, central air, and dedicated parking.
Where is this quadplex located?
The property is located at 1024 Sheridan Ave Unit 4 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 2‑bedroom, 1‑bath units; One unit currently vacant; Finished basement with full bathroom and additional usable space
More about this property
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