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Apartment Complex For Sale

136 Park Pl, Elizabeth City, Union 07206-1817

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Property Description

Here’s an MLS-style marketing description you can use and adjust once you have the exact unit mix and rents:Excellent investment opportunity in the heart of Elizabeth! This well-maintained 9-unit multifamily property sits on an oversized 75′ x 100′ lot and offers ample on-site parking, a rare feature for the area.The building features separate utilities for each unit, including individual boilers, providing efficient management and reduced owner expenses. Ideal for investors seeking strong cash flow and long-term appreciation potential.Conveniently located near major highways, public transportation, shopping, schools, Newark Liberty International Airport, and downtown Elizabeth. Large lot size may offer future development or expansion potential; buyers should conduct their own due diligence.Don’t miss this opportunity to acquire a sizable income-producing asset in one of Union County’s most active rental markets.For a more aggressive investor-focused version, I can also write one emphasizing **cap rate, cash flow, and value-add potential**.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
4035246
Price:
$1,500,000
Year Built:
1920
Lot Area:
0.17 Acre
Status:
Active
Office Name:
UNITED REAL ESTATE
Roof:
Built-Up
Features
Heating System:
4+ Units
Cooling System:
No Cool
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Union
County:
Union
City:
Elizabeth City
Zipcode:
07206-1817
Street:
Park Pl
Street Number:
136
Longitude:
W75° 48' 39.7''
Latitude:
N40° 39' 8.1''
Directions:
Take turnpike to **Exit 13A** toward **Newark Airport / Elizabeth / Route 1 & 9 South**.Continue to **138 Park Place, Elizabeth
Zoning:
r-3a
Additional Information
Lot Size Dimensions:
75X100
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
9
Garage:
8
Building Size:
3750
Financial
Tax Annual Amount:
16095
Listing Information
List Agent Mls Id:
311219
List Office Mls Id:
4738
Mls Status:
Active
Modification Timestamp:
2026-06-18T08:56:05Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
4035246
Lot Area:
0.17 Acre
$1,500,000
Agent info
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