1408 Lexington Pl, Elizabeth, NJ, 07208
About This Home
Exceptional 4-family in the heart of Elizabeth! This property features a spacious 3 bed / 1 bath unit, two 2 bed / 1 bath units, and a 1 bed / 1 bath unit, offering strong rental income potential. Bonus finished attic with bath and kitchenette plus a finished basement with full bath and kitchenette add even more flexibility. Perfect opportunity for investors seeking steady cash flow or for an owner-occupant to live in one unit and collect rent from the others. Conveniently located near major transportation, shopping, and schools. Easy commute to NYC, close to Newark Airport, Rt 22, Rt 1&9, Garden State Pkwy & NJ Turnpike. Near shopping, schools & transportation.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Roof: Asphalt Shingle
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Yes,Full
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Features
- Bedrooms,Kitchen,Living/Dining Room,See Remarks
Heating & Cooling
- Heating features: 4+ Units,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 39,996
- Total interior livable area: 39,996 sqft
Property
Details
- Parcel number: 2904001180000000160000
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Lot size: 3,049 sqft
- Lot size dimensions: 31.25 x 100
Parking
- Total spaces: 1
- Parking features: 1 Car Width
- Uncovered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Cold Wave
- Heat Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance * | $280 | $3,360 |
| Property Taxes | $1,522 | $18,264 |
| Electricity | $4,408 | $52,907 |
| Total | $10,760 | $129,120 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-17 | Listed for sale | $899,999 |
| 2023-10-04 | Listing removed | -- |
| 2023-09-27 | Listed for rent | $2,200 |
| 2021-11-01 | Sold | $570,000 |
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