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!
Under contract
$849,000
309 Magnolia Ave, Elizabeth City, NJ 07206
9beds
--sqft
Multi Family
Built in 1900
-- sqft lot
$848,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 115 days
- 12
- 0
Zillow last checked:
Listing updated:
Listed by:
Oscar Luis Cortizo 908-445-5019,
The Arendel Group Llc
Source: GSMLS,MLS#: 4026070
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
$848,900
$806,000 - $891,000
$2,392/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
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Elizabethport
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