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. 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. Property includes architectural/site plans and documentation related to a previously approved rear expansion (2015).
Active
Price cut: $25K (8/28)
$775,000
1083 Magnolia Ave, Elizabeth City, NJ 07201
8beds
3,300sqft
Multi Family
Built in 1900
-- sqft lot
$770,600 Zestimate®
$235/sqft
$-- HOA
What's special
Spacious enclosed front porchIn-unit laundry
- 82 days
- 313
- 14
Zillow last checked:
Listing updated:
Listed by:
Nohelys Lugo 201-830-7953,
Coldwell Banker Realty
Source: GSMLS,MLS#: 4041019
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard - Hotwater, Floor/Wall Heater, Zoned, Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Dryer, Washer, Gas Water Heater
- Laundry: Laundry Room
Features
- Eat-in Kitchen, Kitchen, Living Room, Master Bedroom, Attic, Bedrooms, Eat-In Kitchen
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Parking
- Total spaces: 4
- Parking features: Asphalt, Driveway-Exclusive, Off Street, Parking Lot-Exclusive, See Remarks
- Uncovered spaces: 4
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Porch
Lot
- Size: 4,791 Square Feet
- Dimensions: 48.15 x 100
Details
- Parcel number: 2904002820000000400000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1900
- Major remodel year: 2023
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Elizabeth
Financial & listing details
- Price per square foot: $235/sqft
- Tax assessed value: $469,500
- Annual tax amount: $9,469
- Date on market: 7/16/2026
- Total actual rent: 2800
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
$770,600
$732,000 - $809,000
$2,319/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Price change | $775,000-3.1%$235/sqft |
Source: | ||
| 7/16/2026 | Listed for sale | $800,000+25%$242/sqft |
Source: | ||
| 7/18/2023 | Sold | $640,000+3.2%$194/sqft |
Source: | ||
| 4/11/2023 | Pending sale | $620,000$188/sqft |
Source: | ||
| 3/25/2023 | Listed for sale | $620,000+3.5%$188/sqft |
Source: | ||
| 1/8/2023 | Listing removed | -- |
Source: | ||
| 9/2/2022 | Price change | $599,000-7.8%$182/sqft |
Source: | ||
| 7/23/2022 | Listed for sale | $650,000+67.1%$197/sqft |
Source: | ||
| 12/23/2016 | Listing removed | $389,000$118/sqft |
Source: TERRA REALTORS #3317451 Report a problem | ||
| 11/10/2016 | Listed for sale | $389,000+31.9%$118/sqft |
Source: TERRA REALTORS #3317451 Report a problem | ||
| 10/4/2016 | Listing removed | $295,000$89/sqft |
Source: TERRA REALTORS #3317451 Report a problem | ||
| 9/7/2016 | Pending sale | $295,000$89/sqft |
Source: TERRA REALTORS #3317451 Report a problem | ||
| 8/31/2016 | Listed for sale | $295,000$89/sqft |
Source: TERRA REALTORS #3317451 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





