19-Unit Apartment
New
For Sale
Contact for pricing
500-504 Cherry St, Elizabeth, NJ 07208
Rooming house configuration includes 18 rooms and one apartment.
Property Size9,353 SF
Days on Market4
Property Features for 500-504 Cherry St
General Information
Standard status
Active
Size
9,353 SF
Property subtype
Multifamily
Occupancy
78%
Additional Details
Multifamily Units
19
Amenities
Rooming house with 18 rooms and 1 super's apartment 1Bed/1Bath & two car garage and additional parking
0.38 Acre corner lot with 65 ft of frontage on Cherry St and 200 frontage on Stiles Street
Highly desirable R-3A Zoning, which permits multi-family development
Strong market fundamentals - 4.5% vacancy rate and 60% renter occupied households within 5 mile radius
Grandfathered legal nonconforming rooming house. No new rooming house licenses will be granted. This creates high demand environment for the limit inventory of rentable rooms.
Building Details
Building Size
9,353 SF
Units
18
Listing Agency:
Marcus & Millichap - New Jersey
(201) 742-6132
Listed By:
Kevin Taub · License #License(s): NJ: 1111228
(201) 742-6132
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 10
Last Checked: Aug 11 at 4:43AM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This 19-unit apartment building is configured as a rooming house with 18 rooms and one apartment. The property comprises the two addresses at 500-504 Cherry Street in Elizabeth, New Jersey, and is identified as Block 158, Lot 26.
Key Highlights
- 19‑unit rooming house
- 18 rooms and 1 apartment
- 500‑504 Cherry Street location
Property Analytics
Property Profile
Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
3,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 07208, NJ
33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
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 - Rooming house configuration includes 18 rooms and one apartment.
Where is this apartment building located?
The property is located at 500-504 Cherry St Elizabeth, NJ.
What are key features of this property?
This property features: 19‑unit rooming house; 18 rooms and 1 apartment; 500‑504 Cherry Street location
