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

33 Morrell St #39, Elizabeth, NJ 07201

The property includes an owner’s office alongside its residential units.

Property SizeContact for details
Days on Market39

Property Features for 33 Morrell St #39

General Information

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

Additional Details

Multifamily Units 16

Building Details

Year Built 1929
Buildings 1
Stories 3
Units 15
Construction brick
Listing Agency: Global Realty Resource
Listed By: Paul Anyanwu · License #238478
Source: Cammarotarealestate
Added: Sep 18 Changed: Oct 22 Last Checked: Oct 22 at 2:23PM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This brick apartment building contains 16 residences and an office for owner use. Constructed in 1929, the property is zoned Commercial.

The building is in the historic center of Elizabeth, with the source describing access to New York City and Newark Liberty International Airport in minutes.

Key Highlights

  • 16 apartments in a brick building
  • Owner‑use office on site
  • Built in 1929

Property Analytics

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

Frequently Asked Questions

What type of property is this?
Apartment building - The property includes an owner’s office alongside its residential units.
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 in a brick building; Owner‑use office on site; Built in 1929
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