Under contract

Price cut: $60K (6/9)

$485,000

1041 Magnolia Ave, Elizabeth City, NJ 07201

4beds

2,000sqft

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Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$243/sqft

$-- HOA

What's special

All new plumbingBrand-new flooringNew roof

Well-maintained 2-family property in a convenient Elizabeth location. Fully renovated in 2019 with major upgrades throughout, including all new plumbing, electric and new roof, plywood, newer boilers and hot water heaters, also brand-new flooring. Both units feature stainless steel appliances. The first-floor unit will be delivered vacant, offering flexibility for an owner-occupant or new tenant. The second-floor unit is rented to long-term tenants paying $1,715/month. Additional features include a walk-up attic with substantial storage space and potential for future expansion, plus a security camera system already in place.Solid building with updated systems and low immediate capital needs.

61 days

1,630

47

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

2 Units, Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Gas, Refrigerator, Gas Water Heater

Features

Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen
Flooring: Tile, Vinyl-Linoleum Floors
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,000
Total interior livable area: 2,000 sqft

Property

Parking

Parking features: None

Features

Levels: Two
Stories: 2
Fencing: Metal Fence,Wood

Lot

Size: 2,613 Square Feet
Dimensions: 24 x 115
Features: Level

Details

Parcel number: 2904002830000000360000
Zoning description: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Major remodel year: 2019

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Subdivision: North Avenue Section

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $243/sqft
Tax assessed value: $361,800
Annual tax amount: $7,297
Date on market: 5/7/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/1/2026	Contingent	$485,000$243/sqft
Source: EXIT Realty broker feed #4025921 Report a problem
7/1/2026	Pending sale	$485,000$243/sqft
Source: GSMLS #4025921 Report a problem
6/9/2026	Price change	$485,000-11%$243/sqft
Source: GSMLS #4025921 Report a problem
6/2/2026	Price change	$545,000+12.4%$273/sqft
Source: GSMLS #4025921 Report a problem
5/7/2026	Listed for sale	$485,000+288%$243/sqft
Source: GSMLS #4025921 Report a problem
12/11/2019	Listing removed	$1,425$1/sqft
Source: Zillow Rental Manager Report a problem
11/21/2019	Price change	$1,425-5%$1/sqft
Source: Zillow Rental Manager Report a problem
11/7/2019	Listed for rent	$1,500+1.7%$1/sqft
Source: Zillow Rental Manager Report a problem
7/11/2019	Listing removed	$1,475$1/sqft
Source: Zillow Rental Manager Report a problem
6/24/2019	Listed for rent	$1,475$1/sqft
Source: Zillow Rental Manager Report a problem
2/8/2019	Sold	$125,000+8.7%$63/sqft
Source: GSMLS #3508161 Report a problem
11/5/2018	Listing removed	$115,000$58/sqft
Source: Coldwell Banker Liberty #3508161 Report a problem
10/22/2018	Pending sale	$115,000$58/sqft
Source: Coldwell Banker Liberty #3508161 Report a problem
10/11/2018	Listed for sale	$115,000$58/sqft
Source: COLDWELL BANKER LIBERTY #3508161 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,961	$361,800
2024	$6,961	$361,800 +2661.8%
2023	--	$13,100
2022	$4,006 +7.1%	--
2019	$3,739 +33.2%	$13,100
2018	$2,806 -22.8%	$13,100
2017	$3,635 +6.3%	$13,100
2016	$3,419 +3.1%	$13,100
2015	$3,316 +5.9%	$13,100
2014	$3,131 +5.6%	$13,100
2013	$2,966 -0.6%	$13,100
2012	$2,984 +7.6%	$13,100
2011	$2,774 +5%	$13,100
2010	$2,641 +7.1%	$13,100
2009	$2,466	$13,100
2008	--	$13,100
2007	$2,338	$13,100
2006	--	$13,100
2005	--	$13,100
2004	--	$13,100
2003	--	$13,100
2002	--	$13,100
2001	--	$13,100

Find assessor info on the county website

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