Listing Agency: CENTURY 21 Alliance Realty

Listed By: Weizhi Yeung · License #NJ

Source: Crexi

Added: Apr 11 Changed: Aug 14 Last Checked: Sep 1 at 8:06PM

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Investment Insights

Based on property information with market context.

This multifamily property features eight units, each with two bedrooms. The tenants are currently on month-to-month leases. The property is located near airport, train, and bus transportation options. Tenants are responsible for all utilities except for heat, which is provided by a gas boiler with steam heat. The property has a valid green card. There is potential for additional income from storage in the basement and possible parking spaces in the back.

Key Highlights

• 8 units, all 2 bedrooms
• Near airport, train, and bus transportation
• Valid Green Card

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Restaurant Locksmith Home Appliance Store 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.

Location Intelligence

Trade Area within ½ mile

1,614

Businesses Nearby

Explore this area Business Placement

Demographics for 07201, NJ

29,390

Population

10,404

Households

2.8

Avg Household Size

35

Median Age

15%

College-Educated

75%

High-School Grad

6.4 sq mi

ZIP Area

4,592

Density / Sq Mi

$62,026

Median Household Income

$33,092

Median Earnings

$1,476

Median Rent

$413,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Eight units, two bedrooms each, near transportation.

Where is this apartment building located?

The property is located at 628-630 Adams Ave Elizabeth, NJ.

What are key features of this property?

This property features: 8 units, all 2 bedrooms; Near airport, train, and bus transportation; Valid Green Card