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16-Unit Brick Apartment Building
For Sale
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33-39 Morrell Street #R, Elizabeth, NJ 07201

Brick multifamily property with apartment residences and a dedicated office for owner use.

Property SizeContact for details
Days on Market8

Property Features for 33-39 Morrell Street #R

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 16

Building Details

Construction brick
Listing Agency: Global Realty Resource Corp
Listed By: Paul Anyanwu · License #238478
Source: Capmarkrealty
Added: Sep 20 Last Checked: Sep 26 at 4:33AM

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 Global Realty Resource Corp

Investment Insights

Based on property information with market context.

This brick multifamily building contains 16 apartments along with an office designated for the owner's use. The property is located at 33-39 Morrell Street in Elizabeth, providing a residential income configuration with on-site administrative space.

The building sits in Elizabeth's historical center, with the location described as minutes from New York City and Newark Liberty International Airport. The combination of multiple apartment units and a separate owner's office creates a straightforward apartment-building layout for continued residential use.

Key Highlights

  • 16 apartments in a large brick building
  • Separate office for owner's use
  • Located in Elizabeth's historical center

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

3,298
Businesses Nearby

Demographics for 07201, NJ

29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with apartment residences and a dedicated office for owner use.
Where is this apartment building located?
The property is located at 33-39 Morrell Street #R Elizabeth, NJ.
What are key features of this property?
This property features: 16 apartments in a large brick building; Separate office for owner's use; Located in Elizabeth's historical center
More about this property
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