Skip main navigation
For sale
  • $845,500

    421-423 Magie Ave, Elizabeth, NJ 07208

    6beds
    5baths
    2,745sqft
    : 
    $5,344/mo
    Get pre-qualified
    Multi Family
    Built in 1921
    -- sqft lot
    $839,500 Zestimate®
    $308/sqft
    $-- HOA

    What's special

    Generously sized kitchenUtility area
    Savvy buyers and investors, prepare to be impressed by this absolute powerhouse of a property! Situated in Elizabeth's highly desirable Elmora neighborhood, 421-423 Magie Avenue represents a rare, top-tier investment opportunity designed for maximum cash flow, incredible flexibility, and long-term appreciation. This is an expansive, high-value asset built to command excellent rental returns. The layout is designed to maximize space: the first unit offers a spacious 3-bedroom, 1-bathroom setup, while the second unit offers 3 large bedrooms and 2 full bathrooms, alongside a generously sized kitchen. Reaching even higher, the full attic features its own full bathroom, offering immense possibilities. The ground level is a game-changer, boasting a full basement with multiple rooms, a utility area, a full bathroom, and direct, separate outdoor access from the front of the home. Outside, the property continues to deliver with a massive, beautifully paved backyard perfect for outdoor enjoyment, and a private driveway that solves all your parking needs. Located just moments from effortless NYC transit, local schools, and Elmora's vibrant shopping and dining district, this property is a dream for tenants and owners alike. Whether you are expanding your investment portfolio or looking to live in one unit while letting the other offset your expenses, this versatile, grand-scale home is an opportunity you cannot afford to miss. Opportunities of this caliber are few and far betweenschedule your private tour today and secure this Elmora property!
    12 days
    |
    917
    |
    70
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    LARA JABER,

    KELLER WILLIAMS WEST MONMOUTH 732-536-9010,

    MICHAEL LAMIE,

    KELLER WILLIAMS WEST MONMOUTH

    Source: All Jersey MLS,MLS#: 2700728RMLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      Heating
      • Baseboard, Central, See Remarks, Forced Air
      Cooling
      • A/C Central - All, A/C Wall Unit(s), A/C Window Unit(s)
      Appliances
      • Included: Water Heater(See Remarks, Gas)
      Features
      • Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, 2+ Baths)
      • Basement: Full, Finished, Bath Full, Other Room(s), Exterior Entry, Utility Room
      Interior area
      • Total structure area: 2,745
      • Total interior livable area: 2,745 sqft
      Video & virtual tour

      Property

      Features
      • Stories: 3
      • Patio & porch: Porch
      • Exterior features: Porch
      Lot
      • Size: 0.27 Acres
      • Dimensions: 234.00 x 50.00
      • Features: Near Shopping, See Remarks
      Details
      • Parcel number: 0400160000000075
      • Zoning: Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Roof: Asphalt, See Remarks
      Condition
      • Year built: 1921

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Underground Utilities

      Community & HOA

      Location
      • Region: Elizabeth

      Financial & listing details

      • Price per square foot: $308/sqft
      • Tax assessed value: $591,200
      • Annual tax amount: $11,925
      • Date on market: 7/15/2026
      • Ownership: Fee Simple

        Estimated market value

        $839,500

        $798,000 - $881,000

        $3,382/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$845,500+287.8%$308/sqft
        Source: Bright MLS #NJUN2000616 Report a problem
        5/6/2020Sold$218,000$79/sqft
        Source: GSMLS #3606228 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$11,375 $591,200 +1870.7%
        2023-- $30,000
        2022$9,174 +104%$30,000
        2021$4,498 -46.4%$30,000
        2020$8,397 +2.4%$30,000
        2019$8,198 +43.6%$30,000
        2018$5,710 -29.3%$30,000
        2017$8,074 +6.5%$30,000
        2016$7,580 +3.2%$30,000
        2015$7,345 +2.4%$30,000
        2014$7,169 +5.6%$30,000
        2013$6,792 -0.6%$30,000
        2012$6,833 +7.6%$30,000
        2011$6,352 +5%$30,000
        2010$6,047 +7.1%$30,000
        2009$5,647 $30,000
        2008-- $30,000
        2007$5,353 $30,000
        2006-- $30,000
        2005-- $30,000
        2004-- $30,000
        2003-- $30,000
        2002-- $30,000
        2001-- $30,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Elmora

        Getting around

        80 / 100
        Very Walkable
        53 / 100
        Good Transit
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes