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    857 859Pennington St Elizabeth, NJ 07202

    For Sale
    $1,099,000

    Well-maintained four-family property with garages and bonus apartment.

    Lot size:
    0.14 Acres

    Property Features for 857 859Pennington St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1928

    Source: RE/MAX IN ACTION Agent PEDRO OLIVEIRA

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

    Overview

    Excellent Four-Family Residence in Elizabeth

    Located in the Elmora section of Elizabeth, 859 Pennington Street is a four-family residence in excellent condition. The property offers a combination of space, versatility, and investment potential. Three of the units feature two bedrooms, a living room, a dining room, and an eat-in kitchen. The fourth unit includes three bedrooms, a living room, and an eat-in kitchen. The property also includes four private garages and a finished bonus apartment in the attic, offering additional living or income-generating potential. The property has a strong rental history and is located near schools, shopping, and transportation, presenting an opportunity for investors or first time home buyers.
    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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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-family property with garages and bonus apartment.
    Where is this quadplex located?
    The property is located at 857 859Pennington St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: - Four-family residence in excellent condition, offering significant investment potential.; - Includes **four private garages**, a rare and valuable amenity.; - Features a **finished bonus apartment in the attic** for additional living space or income.
    (908) 558-2727
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    857 859Pennington 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
    857 859Pennington St Elizabeth, NJ 07202
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