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Three-Unit Multifamily Property
For Sale
$750,000

973 Ellis Parkway, Edison, NJ 08820

Multifamily property with a two-bedroom unit and two one-bedroom units.

Property SizeContact for details
Days on Market229

Property Features for 973 Ellis Parkway

General Information

Standard status Active
Property subtype Multi Family / Triplex
Net Operating Income $9,999

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $10,185

Amenities

No
Asphalt Shingle
Aluminum Siding

Building Details

Year Built 1952
Listing Agency: BHGRE ELITE
Listed By: ADRIAN AGRAMONTE · License #403634
Source: Compass
Added: Jan 14 Changed: Aug 30 Last Checked: Aug 30 at 4:15PM

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 BHGRE ELITE

Investment Insights

Based on property information with market context.

This three-unit residential income property includes one two-bedroom, one-bath residence and two one-bedroom, one-bath residences. The configuration offers distinct unit types within a single multifamily asset, with aluminum siding and an asphalt shingle roof. Built in 1952, the property is located in Edison, New Jersey.

The property provides access to major highways, public transportation, shopping, and dining in the surrounding area. Its three-unit layout supports both multifamily ownership and an owner-occupant arrangement, subject to applicable requirements.

Key Highlights

  • Three total residential units
  • Unit mix includes one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
  • Built in 1952

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Nail Salon Spa & Massage Center Parking Lot & Garage

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

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

266
Businesses Nearby

Demographics for 08820, NJ

41,169
Population
13,215
Households
3.1
Avg Household Size
42
Median Age
71%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$168,453
Median Household Income
$86,386
Median Earnings
$1,925
Median Rent
$597,700
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?
Triplex - Multifamily property with a two-bedroom unit and two one-bedroom units.
Where is this triplex located?
The property is located at 973 Ellis Parkway Edison, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three total residential units; Unit mix includes one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; Built in 1952
More about this property
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