Elizabeth Four-Family Investment
For Lease
$1,400/Mo
1408 Lexington Place, Elizabeth, NJ 07208
Four units with income potential near transportation and amenities.
Space SizeContact for details
Days on Market207
Property Features for 1408 Lexington Place
General Information
Standard status
Active
Property subtype
Residential Rental
Lease Term
Lease Length: 1 Year
Taxes and HOA fees
Annual Taxes
$11,732
Amenities
1.0
4
1
First
1 Bedroom, Bath Main, Dining Room, Kitchen, Living Room
Completely
Building Details
Year Built
1928
Listing Agency:
VOX REALTY
Listed By:
CINTIA D URSO · License #296973
(908) 851-2121
Source:
Compass
Added: Mar 10
Changed: Oct 2
Last Checked: Oct 1 at 2:02PM
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 VOX REALTY
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 07208, NJ
33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 Place Elizabeth, NJ.
What is the lease rate?
The lease rate is $1,400/Mo.
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.
