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16-Unit Brick Apartment Building

33-39 Morrell Street R, Elizabeth, NJ 07201

For Lease
$3,000,000

An on-site office provides space for owner use alongside the residential units.

Space SizeContact for details
Days on Market53

Property Features for 33-39 Morrell Street R

General Information

Standard status Active
Property subtype Office

Taxes and HOA fees

Annual Taxes $44,390

Building Details

Construction brick
Listing Agency: Global Realty Resource Corp
Listed By: Paul E. Anyanwu · License #238478
Source: Tkregroupinc
Added: Sep 18 Changed: Nov 7 Last Checked: Nov 8 at 10:39AM

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

Rey
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Investment Insights

Based on property information with market context.

This brick multifamily property contains 16 apartments and an office intended for the owner’s use. Its residential configuration is complemented by space for office activities within the building.

The property is in Elizabeth’s historic center, with New York City and Newark Liberty International Airport described as minutes away.

Key Highlights

  • 16 apartments in a brick building
  • Office space for owner use
  • Located in Elizabeth’s historic center

Property Analytics

Lease Details

NNN (Triple Net)
Lease Type

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

Frequently Asked Questions

What type of property is this?
Apartment building - An on-site office provides space for owner use alongside the residential units.
Where is this apartment building located?
The property is located at 33-39 Morrell Street R Elizabeth, NJ.
What is the lease rate?
The lease rate is $3,000,000.
What are key features of this property?
This property features: 16 apartments in a brick building; Office space for owner use; Located in Elizabeth’s historic center
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