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Large Multifamily Property For Sale
For Sale
$1,250,000
Pending

24 Lyons Pl, Elizabeth, NJ 07202

Four-unit multifamily property with parking and renovated apartment.

Property SizeContact for details
Days on Market107

Property Features for 24 Lyons Pl

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $20,829

Building Details

Year Built 9999
Units 4
Listing Agency: JILL GUZMAN REALTY
Listed By: JILL GUZMAN · License #231513
Source: Elliman
Added: Apr 27 Changed: Aug 8 Last Checked: Aug 10 at 4:06AM

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 JILL GUZMAN REALTY

Investment Insights

Based on property information with market context.

This is a four-family property with a large parking area. The property includes a modern, renovated three-bedroom, two-story apartment that is currently vacant. The location has a walk score of 88, indicating it is very walkable, a transit score of 60, indicating good transit options, and a bike score of 51, indicating it is bikeable.

Key Highlights

  • Vacant, totally renovated, large and modern 3‑bedroom, 2‑story apartment.
  • Large 4‑family property, ideal for investors.
  • Huge parking area.

Property Analytics

Current Use

Quadplexes

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,022
Businesses Nearby

Demographics for 07202, NJ

43,389
Population
15,866
Households
2.7
Avg Household Size
36
Median Age
13%
College-Educated
76%
High-School Grad
2.3 sq mi
ZIP Area
18,865
Density / Sq Mi
$68,071
Median Household Income
$40,505
Median Earnings
$1,508
Median Rent
$358,000
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 multifamily property with parking and renovated apartment.
Where is this quadplex located?
The property is located at 24 Lyons Pl Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Vacant, totally renovated, large and modern 3‑bedroom, 2‑story apartment.; Large 4‑family property, ideal for investors.; Huge parking area.
More about this property
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