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.
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
- 15 days |
- 1,563 |
- 67 |
Zillow last checked:
Listing updated:
Listed by:
Harris M. Sandler 833-256-4244,
Realty Of America
Source: GSMLS,MLS#: 4036141
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
$2,667/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 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
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: Elizabethport
Nearby schools
GreatSchools rating
- 5/10Number 20, John Marshall Elementary SchoolGrades: K-8Distance: 0.1 mi
- 8/10Elizabeth High SchoolGrades: 9-12Distance: 0.9 mi
- 4/10T Jefferson Arts AcademyGrades: 9-12Distance: 1 mi
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.
- New Jersey
- Union County
- Elizabeth
- 07206
- Elizabethport
- 557 Magnolia Ave
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Nearby neighborhoods
Nearby zip codes
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