Elizabeth Multifamily Investment
For Sale
$1,200,000
32 Spencer St, Elizabeth, NJ 07202
Six-family property in Elizabeth, NJ, with strong rental potential.
Property Size9,999 SF
Price / SF$120.01
Days on Market444
Property Features for 32 Spencer St
General Information
Standard status
Active
Size
9,999 SF
Taxes and HOA fees
Annual Taxes
$23,688
Building Details
Year Built
1900
Listing Agency:
RE/MAX IN ACTION
Listed By:
PEDRO OLIVEIRA
Source:
Corcoran
Added: Jun 6, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 RE/MAX IN ACTION
Investment Insights
Based on property information with market context.
32 Spencer Street is a six-family property located in Elizabeth, NJ, presenting an investment opportunity. The property is well-maintained and offers rental potential and long-term value. Each unit is designed to maximize space and functionality. A private parking lot adds to the property's desirability. The property is located near transportation, shopping, and local amenities.
Key Highlights
- Six‑family property offering strong rental income potential.
- Private parking lot, a significant convenience in an urban area.
- Ideally located near transportation, shopping, and local amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,713
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 - Six-family property in Elizabeth, NJ, with strong rental potential.
Where is this apartment building located?
The property is located at 32 Spencer St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six‑family property offering strong rental income potential.; Private parking lot, a significant convenience in an urban area.; Ideally located near transportation, shopping, and local amenities.
