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Four-Family Residential Income Property

1408 Lexington Pl Elizabeth, NJ 07208

1408 Lexington Pl, Elizabeth, NJ, 07208
$899,999
For Sale
Claim this Listing
$899,999

MULTI_FAMILY - Elizabeth City, NJ

Lot Size0.07 Acres
AddedSep 11, 2025
Days on Market307
Last RefreshJul 14 at 4:06 pm

Property Features for 1408 Lexington Pl

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 7, Bathroom 6, Bedroom 6, Bathroom 1, Basement
Parking
1
Standard status
Active
Lot size
0.07 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
11732

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1928
Floors in Building
3
Number of units
4
Roof type
Shingle
Architectural style
Other

Listing agent CINTIA D URSO

Listing office VOX REALTY 1010 STUYESANT AVENUE, Union, NJ

Listing date Sep 11, 2025

MLS# 3986398 Listing URL

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This four-family residential income property is arranged to support multiple household setups. The building includes one spacious 3-bedroom, 1-bath unit, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit. Additional usable space is provided by a bonus finished attic that includes a bath and kitchenette. A finished basement with a full bath and kitchenette further expands on-site flexibility for a variety of occupant needs.

Located in Elizabeth, the property is described as being in the heart of the city and convenient to major transportation, shopping, and schools. The remarks also note an easy commute to NYC and proximity to Newark Airport, along with access routes including Rt 22, Rt 1&9, the Garden State Parkway, and the NJ Turnpike.

For tenants, this mix of unit sizes can fit different household profiles within one building. For buyers, the layout offers an owner-occupant option as well as a multi-rent configuration, with the finished attic and basement adding extra rooms and utility through dedicated bath and kitchenette features. It’s well-suited to those looking for a single property designed for multiple living arrangements in one ownership.

Key Highlights

  • 1928‑built 4‑family property with public water and public sewer service
  • Roof is shingle; water source is public and sewer is public sewer
  • Unit mix includes one 3 bed/1 bath, two 2 bed/1 bath, and one 1 bed/1 bath

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Daycare Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Acupuncture (Bike/Boat/Book/etc) Store Gym & Fitness Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Law Firm (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four distinct rental units with finished attic and basement features provide flexible living and income configurations.
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: 1928‑built 4‑family property with public water and public sewer service; Roof is shingle; water source is public and sewer is public sewer; Unit mix includes one 3 bed/1 bath, two 2 bed/1 bath, and one 1 bed/1 bath
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