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  • $800,000

    1083 Magnolia Ave, Elizabeth City, NJ 07201

    8beds
    3,300sqft
    : 
    $5,057/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $804,600 Zestimate®
    $242/sqft
    $-- HOA

    What's special

    Spacious enclosed front porchIn-unit laundry
    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).
    37 days
    |
    251
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nohelys Lugo 201-830-7953,

    Coldwell Banker Realty

    Source: GSMLS,MLS#: 4041019MLS Logo

      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: $242/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

        $804,600

        $764,000 - $845,000

        $2,094/mo

        Price history

        DateEventPrice
        7/16/2026Listed for sale$800,000+25%$242/sqft
        Source: GSMLS #4041019 Report a problem
        7/18/2023Sold$640,000+3.2%$194/sqft
        Source: GSMLS #3834922 Report a problem
        4/11/2023Pending sale$620,000$188/sqft
        Source: GSMLS #3834922 Report a problem
        3/25/2023Listed for sale$620,000+3.5%$188/sqft
        Source: GSMLS #3834922 Report a problem
        1/8/2023Listing removed--
        Source: GSMLS #3797079 Report a problem
        9/2/2022Price change$599,000-7.8%$182/sqft
        Source: GSMLS #3797079 Report a problem
        7/23/2022Listed for sale$650,000+67.1%$197/sqft
        Source: GSMLS #3797079 Report a problem
        12/23/2016Listing removed$389,000$118/sqft
        Source: TERRA REALTORS #3317451 Report a problem
        11/10/2016Listed for sale$389,000+31.9%$118/sqft
        Source: TERRA REALTORS #3317451 Report a problem
        10/4/2016Listing removed$295,000$89/sqft
        Source: TERRA REALTORS #3317451 Report a problem
        9/7/2016Pending sale$295,000$89/sqft
        Source: TERRA REALTORS #3317451 Report a problem
        8/31/2016Listed for sale$295,000$89/sqft
        Source: TERRA REALTORS #3317451 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Keighry Head

        Getting around

        89 / 100
        Very Walkable
        60 / 100
        Good Transit
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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