34-Unit Apartment
For Sale
Contact for pricing
225-227 Murray St, Elizabeth, NJ 07202
Five-building residential portfolio with rear parking and approved redevelopment plans for a new garden-style apartment community.
Property SizeContact for details
Days on Market8
Property Features for 225-227 Murray St
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
R-3
Occupancy
97%
Investment Type
Value Add
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
18 x studio, 11 x 1BR, 3 x 2BR, 2 x 4BR
Multifamily Units
34
Building Details
Year Built
1900
Buildings
5
Units
34
Tenancy
Multi
Listing Agency:
Fernwood Realty
Listed By:
Mordy Oratz · License #1429936
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 12 at 8:23AM
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 Fernwood Realty
Investment Insights
Based on property information with market context.
This apartment portfolio comprises five properties in Elizabeth, NJ, with 34 residential units across 225-227 Murray St. and 134-144 Murray St. The unit mix includes 18 studios, 11 one-bedroom units, 3 two-bedroom units, and 2 four-bedroom units. Rear parking serves the existing buildings, which were constructed in 1900. The property is zoned R-3.
The Elizabeth Zoning Board approved redevelopment of the 38,138 SF site at 134-144 Murray for a three-story garden-style community containing 29 units, 61 parking spaces, and a ground-floor parking garage. The portfolio is approximately one mile from Elizabeth Train Station, with NJ Transit service to Newark Penn Station and New York Penn Station. It also sits adjacent to Routes 1 & 9, with connections to I-95, the Goethals Bridge, and Newark Liberty International Airport, located 7.4 miles away.
The Elizabeth Zoning Board approved redevelopment of the 38,138 SF site at 134-144 Murray for a three-story garden-style community containing 29 units, 61 parking spaces, and a ground-floor parking garage. The portfolio is approximately one mile from Elizabeth Train Station, with NJ Transit service to Newark Penn Station and New York Penn Station. It also sits adjacent to Routes 1 & 9, with connections to I-95, the Goethals Bridge, and Newark Liberty International Airport, located 7.4 miles away.
Key Highlights
- 34 residential units across five properties
- Unit mix includes 18 studios, 11 one‑bedroom, 3 two‑bedroom, and 2 four‑bedroom units
- R‑3 zoning with 38,138 SF redevelopment site at 134‑144 Murray St.
Property Analytics
Property Profile
Current Use
Lease Details
34
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,301
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 - Five-building residential portfolio with rear parking and approved redevelopment plans for a new garden-style apartment community.
Where is this apartment building located?
The property is located at 225-227 Murray St Elizabeth, NJ.
What are key features of this property?
This property features: 34 residential units across five properties; Unit mix includes 18 studios, 11 one‑bedroom, 3 two‑bedroom, and 2 four‑bedroom units; R‑3 zoning with 38,138 SF redevelopment site at 134‑144 Murray St.
