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1027-1033 Stanton Ave 6 Unit Apartment Building $1,600,000 ($266,667/Unit) Elizabeth, NJ 07208
Investment Highlights
- Located in Elizabeth’s Elmora neighborhood, offering convenient access to Midtown and Elizabethport districts.
- Within a short drive of Newark Liberty International Airport (approximately 11 minutes) and major highways.
- Near prominent educational institutions including Kean University and Union County College, boosting local demand.
- Positioned less than a mile from the North Elizabeth commuter rail station with direct routes to Newark and New York City.
- Surrounded by essential amenities such as shopping destinations like The Mills at Jersey Gardens and Spring Street Plaza.
- Community benefits from nearby recreational spaces such as Warinanco Park and proximity to employment hubs around the Port Newark-Elizabeth.
Executive Summary
Apartment units renovated in 2025.
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $266,667 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,516 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1946/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-2 - Residential | ||
| Price | $1,600,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,516 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1946/2025 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 04-00011-0000-01526 | Improvements Assessment | $711,900 |
| Land Assessment | $300,000 | Total Assessment | $1,011,900 |
Property Taxes
Parcel Number
04-00011-0000-01526
Land Assessment
$300,000
Improvements Assessment
$711,900
Total Assessment
$1,011,900
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1027-1033 Stanton Ave
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