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    937 39Pennington St Elizabeth, NJ 07202

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    For Sale
    $1,100,000

    Well-maintained four-unit property in Elizabeth, ideal for investors or owner-occupants.

    Lot size:
    0.18 Acres

    Property Features for 937 39Pennington St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1929

    Source: ROSA AGENCY Agent CARLA FERREIRA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elizabeth Four-Family Property For Sale

    This four-family property is located in a desirable section of Elizabeth. Situated on a 7,840 sq ft lot, this well-maintained multi-family home offers long-term value for investors or owner-occupants. Each unit is generously sized and separately metered for utilities. The property includes a four-car garage and a driveway that accommodates an additional four vehicles, providing ample off-street parking. The location provides convenient access to shopping, schools, parks, public transportation, and major highways. Its proximity to NYC, Newark Airport, and the Elizabeth train station makes it a commuter-friendly location.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2169
    Latitude
    40.6531

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      Elizabeth City Fourplex Investment Opportunity

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit property in Elizabeth, ideal for investors or owner-occupants.
    Where is this quadplex located?
    The property is located at 937 39Pennington St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Excellent long-term investment or owner-occupant opportunity in a desirable Elizabeth location.; - Rare 4-car garage plus 4-car driveway provides ample off-street parking.; - Generously sized units, separately metered for utilities.
    (973) 589-7550
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    937 39Pennington St Elizabeth, NJ 07202
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    Elizabeth, NJ 07202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    937 39Pennington St Elizabeth, NJ 07202
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