$1,350,000 USD
973-460-5090
138-140 Murray St
Elizabeth, NJ 07202
Downtown Elizabeth
HIGHLIGHTS
- Located in the Elmora section of Elizabeth, offering proximity to shopping, schools, and local amenities.
- Features a nine-unit rooming house layout with three one-bedroom apartments and six studio units, each equipped with a kitchenette and tile flooring.
- Recent system upgrades include a hot water tank replaced in 2023 and an additional hot water unit installed in 2025.
- Accommodates more than six parking spaces via a shared driveway arrangement with an adjacent property (142-144 Murray Street).
- Utilities are owner-paid with a single meter for both electric and gas services.
- The lot spans approximately 0.23 acres and measures 50x200 feet, providing additional development or site improvement possibilities.
OVERVIEW
Elmora section - rooming house with 9 units,3 w one bedroom,6-studios. All 9 units with kitchenette, tile floors parking for more than 6 cars. Owner pays for all utilities 1-electric meter,1-gas meter, hot water tank 2023.bb hot water unit 2025, common driveway w #142-144 Murray st to be sold as is. lot size 50x2000
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$361 USD /SF
# OF UNITS
9
PRICE/UNIT
$150,000
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
138-140 Murray st Elizabeth
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1900
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,012 SF
ZONING
R
APN/PARCEL ID
04-00006-0000-00658
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973-460-5090
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973-460-5090
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