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16-Unit Brick Apartment Building
For Sale
$4,200,000

33 Morrell St 39, Elizabeth, NJ 07201

Brick multifamily property with an owner-use office and established apartment configuration.

Property SizeContact for details
Days on Market8

Property Features for 33 Morrell St 39

General Information

Standard status Active
Property subtype Commercial Listing
Zoning Commercial
Net Operating Income $152,168

Building Details

Year Built 1929
Stories 3
Units 15
Listing Agency: COMPASS NEW JERSEY, LLC
Listed By: Peter DeCicco
Source: Thedeciccogroup.idxbroker
Added: Sep 20 Changed: Sep 22 Last Checked: Sep 26 at 3:34AM

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 COMPASS NEW JERSEY, LLC

Investment Insights

Based on property information with market context.

Built in 1929, this brick multifamily property contains 16 apartments along with an office designated for owner use. The building is classified Commercial under the stated zoning information, offering a defined income-property configuration within an established structure.

The property is located at 33 Morrell St 39 in Elizabeth, New Jersey. Its apartment count, brick construction, and dedicated office area provide the principal physical features for evaluating the asset.

Key Highlights

  • 16 apartments within a single multifamily building
  • Brick construction dating to 1929
  • Office area designated for owner use

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.

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with an owner-use office and established apartment configuration.
Where is this apartment building located?
The property is located at 33 Morrell St 39 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 16 apartments within a single multifamily building; Brick construction dating to 1929; Office area designated for owner use
More about this property
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