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Nine-Unit Apartment Building
For Sale
$1,350,000

138-140 Murray St, Elizabeth, NJ 07202

Rooming-house configuration with kitchenette-equipped units, tile flooring, and on-site parking.

Property SizeContact for details
Lot Size2.30 Acres
Days on Market24

Property Features for 138-140 Murray St

General Information

Standard status Active
Lot size 2.30 Acres

Units

Unit Mix 3 x one bedroom, 6 x studio
Multifamily Units 9

Additional Details

Utilities to Site Yes

Building Details

Year Built 9999
Listing Agency: EXIT REALTY LUCKY ASSOCIATES
Listed By: ANTONIO COSTA · License #238477
Source: Luminancerealty
Added: Aug 9 Changed: Aug 30 Last Checked: Aug 30 at 8:56PM

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 EXIT REALTY LUCKY ASSOCIATES

Investment Insights

Based on property information with market context.

This apartment property is configured as a nine-unit rooming house, with three one-bedroom units and six studios. Each unit includes a kitchenette and tile flooring, while the property provides parking for more than six vehicles. The building is served by one electric meter and one gas meter, with owner-paid utilities. Hot water equipment includes a 2023 tank and a 2025 boiler hot water unit.

Located at 138-140 Murray St in Elizabeth’s Elmora section, the property shares a common driveway with 142-144 Murray St. The parcel measures 50 by 2000, and the property is offered as-is.

Key Highlights

  • Nine units: 3 one‑bedroom apartments and 6 studios
  • Every unit includes a kitchenette and tile flooring
  • Parking is available for more than 6 cars

Property Analytics

Current Use

Apartment buildings

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.

Lease Details

9
Residential units
Yes
Utilities to site

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Rooming-house configuration with kitchenette-equipped units, tile flooring, and on-site parking.
Where is this apartment building located?
The property is located at 138-140 Murray St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Nine units: 3 one‑bedroom apartments and 6 studios; Every unit includes a kitchenette and tile flooring; Parking is available for more than 6 cars
More about this property
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