Stabilized Multifamily Apartment
For Sale
Contact for pricing
149-159 Grove St, Elizabeth, NJ 07202
60-unit residential community in Elizabeth, New Jersey.
Property SizeContact for details
Days on Market180
Property Features for 149-159 Grove St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$530,291
Building Details
Year Built
1961
Buildings
2
Units
60
Listing Agency:
Sage Investment Real Estate Advisors
Listed By:
Katie Migner · License #0123902
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 21 at 4:28AM
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 Sage Investment Real Estate Advisors
Investment Insights
Based on property information with market context.
Elmora Gardens is a stabilized multifamily apartment property located at 149–159 Grove Street in Elizabeth, New Jersey. This residential community consists of 60 units, featuring a mix of studio, one-bedroom, and two-bedroom apartment homes. The property benefits from its location within the City of Elizabeth, offering proximity to regional employment centers and major transportation infrastructure. This supports long-term renter demand. With stable in-place income, Elmora Gardens presents investors with the opportunity to acquire a well-established multifamily asset in a dense Northern New Jersey market.
Key Highlights
- Stabilized 60‑unit multifamily apartment property.
- Balanced mix of studio, one‑bedroom, and two‑bedroom units.
- Located in the City of Elizabeth, New Jersey.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 60-unit residential community in Elizabeth, New Jersey.
Where is this apartment building located?
The property is located at 149-159 Grove St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: Stabilized 60‑unit multifamily apartment property.; Balanced mix of studio, one‑bedroom, and two‑bedroom units.; Located in the City of Elizabeth, New Jersey.
