Under contract

Est. $375,000

557 Magnolia Ave, Elizabeth City, NJ 07206

4beds

19,998sqft

Multi Family

Built in 1923

-- sqft lot

$-- Zestimate^®

$19/sqft

$-- HOA

What's special

Separate units

Excellent opportunity for those seeking a value-add renovation project. This spacious 2-family home in Elizabeth offers tremendous potential and requires repairs and updating throughout. Featuring separate units, the property presents an ideal opportunity for rental income or owner-occupancy after renovations are completed. Conveniently located near major transportation routes, shopping, schools, parks, and other local amenities. Bring your vision and unlock the full potential of this property. Buyer is responsible for Certificate of Occupancy & Fire Certificate, or all inspections required to close. Only brokers who are approved by the U.S. Department of Housing and Urban Development (HUD) and their registered agents are eligible to submit bids. Eligible for FHA 203K financing. Eligible for $100 Down program. During the 5-day Exclusive Bidding Period. Only owner occupants are eligible to submit bids.

68 days
44
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Heating

1 Unit, Radiators - Hot Water, Electric, Natural Gas

Appliances

Included: See Remarks, Gas Water Heater

Features

Bedrooms, Dining Room, Kitchen, Living/Dining Room, See Remarks, Attic
Basement: Yes,Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 19,998
Total interior livable area: 19,998 sqft

Property

Parking

Parking features: On Street

Features

Levels: 3-Three Story
Stories: 3

Lot

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

Details

Parcel number: 2904006710000000260000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1923

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $19/sqft
Tax assessed value: $408,700
Annual tax amount: $8,243
Date on market: 6/24/2026
Total actual rent: 19998
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Foreclosure details

Estimated market value

Not available

Estimated sales range

Not available

$2,529/mo

Price history

Date	Event	Price
7/6/2026	Pending sale	$375,000$19/sqft
Source: GSMLS #4036141 Report a problem
6/24/2026	Listed for sale	$375,000-17.7%$19/sqft
Source: GSMLS #4036141 Report a problem
9/19/2025	Sold	$455,879+129.1%$23/sqft
Source: Public Record Report a problem
4/24/2024	Listing removed	--
Source: GSMLS #3837207 Report a problem
9/27/2023	Contingent	$199,000$10/sqft
Source: All Jersey MLS #2310423R Report a problem
8/16/2023	Pending sale	$199,000$10/sqft
Source: All Jersey MLS #2310423R Report a problem
4/18/2023	Contingent	$199,000$10/sqft
Source: All Jersey MLS #2310423R Report a problem
4/18/2023	Pending sale	$199,000$10/sqft
Source: GSMLS #3837207 Report a problem
4/8/2023	Listed for sale	$199,000-28.9%$10/sqft
Source: GSMLS #3837207 Report a problem
9/8/2022	Listing removed	--
Source: GSMLS #3774083 Report a problem
4/7/2022	Listed for sale	$280,000$14/sqft
Source: GSMLS #3774083 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,863	$408,700 +1809.8%
2023	--	$21,400
2022	$6,544 +104%	$21,400
2021	$3,208 -45.8%	$21,400
2020	$5,918 -1.1%	$21,400
2019	$5,983 +36.1%	$21,400
2018	$4,397 -22.7%	$21,400
2017	$5,688 +6.6%	$21,400
2016	$5,335 +3.2%	$21,400
2015	$5,168 +6.2%	$21,400
2014	$4,864 +5.9%	$21,400
2013	$4,595 -0.6%	$21,400
2012	$4,624 +8%	$21,400
2011	$4,281 +5.3%	$21,400
2010	$4,064 +7.6%	$21,400
2009	$3,778	$21,400
2008	--	$21,400
2007	$3,569	$21,400
2006	--	$21,400
2005	--	$21,400
2004	--	$21,400
2003	--	$21,400
2002	--	$21,400
2001	--	$21,400