Active

$597,000

242 Magnolia Ave, Elizabeth City, NJ 07206

6beds

1,998sqft

$3,774/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$299/sqft

$-- HOA

What's special

Why pay rent when you can pay yourself, or why not invest in this two unit building with 3 bedrooms, full bathroom, eat-in-kitchen, living-room in each unit. Spacious backyard perfect for relaxing or entertaining. Near public schools, transportation, shopping, Elizabeth Marina, Jersey Gardens Mall, Newark International Airport, easy access to major highways, proximity to New York City.

24 days
377
22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Electric, Electric Water Heater

Features

Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen
Basement: Yes,Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,998
Total interior livable area: 1,998 sqft

Property

Parking

Parking features: None

Features

Levels: Two
Stories: 2

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 2904008040000000090000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Composition Shingle

Condition

Year built: 1900

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), Smoke Detector(s), Smoke Detector

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $299/sqft
Tax assessed value: $399,100
Annual tax amount: $8,049
Date on market: 8/4/2026
Exclusions: Tenant contents
Total actual rent: 2100
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
8/4/2026	Listed for sale	$597,000+685.5%$299/sqft
Source: GSMLS #4044837 Report a problem
10/15/2009	Sold	$76,000-79.2%$38/sqft
Source: Public Record Report a problem
10/20/2006	Sold	$365,000+329.4%$183/sqft
Source: Public Record Report a problem
8/7/2003	Sold	$85,000$43/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,679	$399,100
2024	$7,679	$399,100 +1809.6%
2023	--	$20,900
2022	$6,391 +104%	$20,900
2021	$3,133 -48%	$20,900
2020	$6,024 +1%	$20,900
2019	$5,965 +33.2%	$20,900
2018	$4,477 -22.8%	$20,900
2017	$5,799 +6.3%	$20,900
2016	$5,455 +3.1%	$20,900
2015	$5,291 +5.9%	$20,900
2014	$4,995 +4.9%	$20,900
2012	$4,761 +7.6%	$20,900
2011	$4,425 +5%	$20,900
2010	$4,213 +7.1%	$20,900
2009	$3,934	$20,900
2008	--	$20,900
2007	$3,729	$20,900
2003	--	$20,900
2002	--	$20,900
2001	--	$20,900