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Colonial Multifamily Property
New
For Sale
$839,000

1059 LAFAYETTE ST, Elizabeth, NJ 07001

3-4 Family, Colonial, Elizabeth, NJ

Property SizeContact for details
Days on Market3

Property Features for 1059 LAFAYETTE ST

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 2, Basement
Directions Katherine St. and Madison Ave.
Subdivision ELIZABETH
Standard status Active

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9645

Building Details

Architectural style Colonial
Listing Agency: EXIT ON THE HUDSON REALTY
Listed By: ESTEBAN ESTEVEZ · License #0897494
Added: Sep 4 Changed: Sep 5 Last Checked: Sep 6 at 5:06AM
MLS# 260017758

Copyright © 2026 Realty MLS, Inc. 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.

Located at 1059 Lafayette St in Elizabeth, New Jersey, this multifamily property has a Colonial architectural style. The room configuration includes eight bedrooms, three bathrooms, and a basement. The property is situated in Union County and carries an Elizabeth postal address.

Key Highlights

  • Colonial architectural style
  • Eight bedrooms and three bathrooms
  • Basement included

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Store Pet Store & Service Restaurant Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

3,482
Businesses Nearby

Demographics for 07001, NJ

16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
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?
Multifamily property - The property includes eight bedrooms, three bathrooms, and a basement.
Where is this multifamily property located?
The property is located at 1059 LAFAYETTE ST Elizabeth, NJ.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Colonial architectural style; Eight bedrooms and three bathrooms; Basement included
More about this property
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