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Elizabeth Four-Family Investment Opportunity

1408 Lexington Pl, Elizabeth, NJ 07208

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For Sale

$899,999

Four units with income potential near transportation and amenities.

Type:Multi Family

Lot size:

0.07 Acres

HighLights

Strong rental income potential from four units.
Finished attic with bath and kitchenette provides additional flexibility.
Finished basement with full bath and kitchenette adds extra living space.
Ideal for investors or owner‑occupants seeking rental income.
Convenient location near major transportation, shopping, and schools.
Easy commute to NYC and close proximity to Newark Airport, Rt 22, Rt 1&9, Garden State Pkwy & NJ Turnpike.

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CINTIA D URSO

For Sale

$899,999

Four units with income potential near transportation and amenities.

Type:Multi Family

Lot size:

0.07 Acres

Added:: Mar 10, 2026
Days on Market:: 120
Last Refresh:: Jul 2 at 5:42 pm

Property Features for 1408 Lexington Pl

General Information

Standard status: Active
Lot size: 0.07 Acres
Property subtype: Multi Family

Building Details

Year Built: 1928

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Contact an agent

CINTIA D URSO

Listing office

Listing date Mar 10, 2026

Source Elliman

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 CINTIA D URSO

HighLights

Strong rental income potential from four units.
Finished attic with bath and kitchenette provides additional flexibility.
Finished basement with full bath and kitchenette adds extra living space.
Ideal for investors or owner‑occupants seeking rental income.
Convenient location near major transportation, shopping, and schools.
Easy commute to NYC and close proximity to Newark Airport, Rt 22, Rt 1&9, Garden State Pkwy & NJ Turnpike.

Overview

This four-family property is located in Elizabeth and features a three-bedroom, one-bathroom unit, two two-bedroom, one-bathroom units, and a one-bedroom, one-bathroom unit. The property includes a finished attic with a bathroom and kitchenette, as well as a finished basement with a full bathroom and kitchenette. It is located near major transportation options, shopping, and schools, with an easy commute to New York City. The property is also close to Newark Airport, Route 22, Routes 1 and 9, the Garden State Parkway, and the New Jersey Turnpike. This property presents an opportunity for investors seeking cash flow or for an owner-occupant to live in one unit and collect rent from the others.

Property Profile Location Intelligence

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Quadplexes

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Local Demand

City: Elizabeth
County: Union
State: New Jersey
Longitude: -74.2126
Latitude: 40.6883

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For sale
Quadplexes
NJ
Elizabeth
07208
1408 Lexington Pl

What type of property is this?

Quadplex - Four units with income potential near transportation and amenities.

Where is this quadplex located?

The property is located at 1408 Lexington Pl Elizabeth, NJ.

What is the asking price?

The asking price for this property is $899,999.

What are key features of this property?

This property features: Strong rental income potential from four units.; Finished attic with bath and kitchenette provides additional flexibility.; Finished basement with full bath and kitchenette adds extra living space.