33 Morrell St Elizabeth, NJ $ 4,200,000
33 Morrell St
$ 4,200,000
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33 Morrell St

Elizabeth, NJ, 07201
$ 4,200,000
Bedrooms-- Baths--

Monthly Estimate*

$ 29,008

33 Morrell St, Elizabeth, NJ 07201 - Image 1
33 Morrell St, Elizabeth, NJ 07201 - Image 2
33 Morrell St, Elizabeth, NJ 07201 - Image 3
33 Morrell St, Elizabeth, NJ 07201 - Image 4

Commercial Property for sale in Elizabeth, NJ

for $4,200,000 with 17 half baths. This building was built in 1929 on a lot size of 0.37.

A large brick building with 16 apartments and an office for owner's usage. Located in the great historical center of Elizabeth minutes to New York City and Newark Liberty International Airport. This is a great opportunity for investors looking for a stable location with great rental income. Proof of funds or pre qualification are required prior to scheduling appointment and showing of the building apartments.

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Commercial Active

Price

$ 4,200,000

Half Bath

17

Property Type

Commercial

Taxes

$ 44,390

Style

Apartment Complex

Lot Size

0.37

Year Built

1929

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4053685

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating Baseboard - Hotwater
Cooling No Cool
Utilities Electric Gas-Natural
Possession Upon Closing
Roof Asphalt Shingle
Zoning Commercial
Year Built 1929
Township Elizabeth City
Property Type Apartment Complex Apartment Complex
Tax Year 2025
Ownership Fee Simple
Location Business District Residential Area
Gross Income 259518
County Union
Net Operating Income 152168
Operating Expense 107350
Status Active
Directions Off Elizabeth Ave Or Off East Jersey
Number Of Units Total 15
Tax Annual Amount 44390
Drive Driveway-Exclusive Parking Lot-Exclusive
Leasable Area 0
Standard Status Active
Tax Assessed Value 2200800
Town # 2904
Tax Lot 8
Cap Rate 4.00
Farm Assessment No
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Interior
Basement Full
Fuel Type Gas-Natural
Total Stories 3
Half Baths 17
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 0
Lot Dimensions 93X173
Lot Size Acres 0.37
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* Excluded Features
List By
PAUL ANYANWU

Listing Agent

Global Realty Resource

Broker

Affordability Calculator

$32,708
Per Month
89%
11%
0%
Monthly Principal & Interest
$29,008
Monthly Property Taxes
$3,699
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2026$4,200,000 Listed Price

Map


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33 Morrell St, Elizabeth, NJ, 07201 is a Commercial Property for sale at $4,200,000 with a lot size of 0.37. 33 Morrell St was built in 1929. The property's zip code is 07201 which is in Elizabeth, NJ