Exceptional side-by-side two-family property offering an outstanding opportunity for investors and owner-occupants alike. Each spacious unit features 4 generously sized bedrooms, providing excellent rental income potential and flexible living arrangements. Each unit welcomes you with a spacious enclosed front porch, perfect for a sitting area, mudroom, or additional seasonal living space. One unit includes the convenience of an in-unit laundry. The property offers separate utilities, a full basement with abundant storage, and two expansive driveways with parking for approximately 10–15 vehicles—a rare and highly desirable feature in Elizabeth. The roof was replaced approximately one year ago, providing added value and peace of mind for the new owner. **LOW TAXES** - Ideally located near shopping, restaurants, schools, public transportation, major highways, and Newark Liberty International Airport, this property combines convenience with strong investment potential. Whether you're looking to expand your real estate portfolio or live in one unit while generating income from the other, this well-maintained multifamily is a fantastic opportunity in a prime location.
For sale
Price cut: $25K (8/28)
$775,000
1083-1085 Magnolia Ave, Elizabeth, NJ 07201
8beds
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious enclosed front porchIn-unit laundry
- 48 days
- 194
- 6
Zillow last checked:
Listing updated:
Listed by:
Nohelys Lugo 201-830-7953,
Coldwell Banker, Wayne
Source: NJMLS,MLS#: 26026634
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: In Unit
Property
Parking
- Total spaces: 4
Details
- Parcel number: 290400012000000905
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Elizabeth
Financial & listing details
- Annual tax amount: $9,470
- Date on market: 7/15/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Price change | $775,000-3.1% |
Source: | ||
| 7/15/2026 | Listed for sale | $800,000+25% |
Source: | ||
| 7/18/2023 | Sold | $640,000+3.2% |
Source: | ||
| 4/11/2023 | Contingent | $620,000 |
Source: | ||
| 3/27/2023 | Price change | $620,000+3.5% |
Source: | ||
| 3/25/2023 | Listed for sale | $599,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








