Under contract

$849,000

309 Magnolia Ave, Elizabeth City, NJ 07206

9beds

--sqft

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Multi Family

Built in 1900

-- sqft lot

$853,700 Zestimate^®

$--/sqft

$-- HOA

What's special

Four-unit residential building for sale. Great income potential with strong owner-occupant or investor opportunity. Convenient location near major routes, shopping, and transportation. Don?t miss this turnkey multi-family investment!

63 days

119

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 4
Full bathrooms: 4

Heating

See Remarks, Natural Gas

Cooling

See Remarks

Appliances

Included: See Remarks

Features

Bedrooms, Kitchen, See Remarks
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: On Street, See Remarks

Lot

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

Details

Parcel number: 2904007230000000210000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Roof: See Remarks

Condition

Year built: 1900

Utilities & green energy

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

Community & HOA

Location

Region: Elizabeth

Financial & listing details

Tax assessed value: $498,200
Annual tax amount: $10,048
Date on market: 5/7/2026
Total actual rent: 6500
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$853,700

$811,000 - $896,000

$2,621/mo

Price history

Date	Event	Price
7/2/2026	Pending sale	$849,000
Source: GSMLS #4026070 Report a problem
5/7/2026	Listed for sale	$849,000+69.8%
Source: GSMLS #4026070 Report a problem
7/8/2022	Sold	$500,000-4.8%
Source: GSMLS #3770415 Report a problem
3/21/2022	Listed for sale	$525,000
Source: GSMLS #3770415 Report a problem
3/5/2022	Listing removed	--
Source: RE/MAX International Report a problem
9/1/2021	Listed for sale	$525,000
Source: GSMLS #3738052 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,585	$498,200
2024	$9,585	$498,200 +2144.1%
2023	--	$22,200
2022	$6,789 +104%	$22,200
2021	$3,328 -48%	$22,200
2020	$6,399 +1%	$22,200
2019	$6,337 +33.2%	$22,200
2018	$4,756 -22.8%	$22,200
2017	$6,160 +6.3%	$22,200
2016	$5,794 +3.1%	$22,200
2015	$5,620 +5.9%	$22,200
2014	$5,305 +4.9%	$22,200
2012	$5,057 +7.6%	$22,200
2011	$4,700 +5%	$22,200
2010	$4,475 +7.1%	$22,200
2009	$4,178	$22,200

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

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

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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