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Under contract
  • $749,999

    612 Magnolia Ave, Elizabeth City, NJ 07206

    6beds
    --sqft
    : 
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    Multi Family
    Built in 1700
    -- sqft lot
    $749,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Finished basementFinished atticTwo spacious units
    Back on the market! Here?s another opportunity for you to own this income-producing two-unit property in the heart of Elizabeth offering strong rental potential and long-term value. This well-maintained property features a total of 6 bedrooms and 3.5 bathrooms across two spacious units, providing excellent flexibility for investors or owner-occupants seeking rental income.The property currently generates approximately $5,200 per month in rent, making it a compelling opportunity to expand a real estate portfolio or offset monthly housing expenses. A finished attic and finished basement provide additional living space and potential for extended use (buyer to verify all permitted uses).Conveniently located near major transportation routes, shopping, dining, and everyday amenities, the property offers strong appeal for tenants and easy access for commuters.Whether you are looking to generate consistent rental income or occupy one unit while renting the other, this versatile property presents an excellent opportunity in a high-demand market. Schedule your showing today to explore the income potential this property has to offer.
    165 days
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    38
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Monique Dixon 347-724-3638,

    Re/Max First Realty Ii

    Source: GSMLS,MLS#: 4007367MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3.1
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Baseboard - Electric, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Microwave, Range/Oven - Gas, Refrigerator, See Remarks, Microwave Oven
      Features
      • Bedrooms, Eat-in Kitchen, Living Room, Rec Room, Utility Room, Attic, Eat-In Kitchen
      • Basement: Yes,Finished
      • Has fireplace: No
      Interior area
      • Total structure area: 0

      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: 2904006300000000180000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Stucco, Vinyl Siding
      • Roof: Asphalt Shingle
      Condition
      • Year built: 1700
      • Major remodel year: 2023

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Smoke Detector(s), Smoke Detector
      Location
      • Region: Elizabeth

      Financial & listing details

      • Tax assessed value: $485,500
      • Annual tax amount: $9,341
      • Date on market: 1/29/2026
      • Total actual rent: 5200
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

        Estimated market value

        $749,900

        $712,000 - $787,000

        $2,685/mo

        Price history

        DateEventPrice
        5/6/2026Pending sale$749,999
        Source: GSMLS #4007367 Report a problem
        2/26/2026Price change$749,999-3.2%
        Source: GSMLS #4007367 Report a problem
        1/29/2026Listed for sale$775,000+20.1%
        Source: GSMLS #4007367 Report a problem
        3/10/2023Sold$645,219+3.2%
        Source: HCMLS #220021535 Report a problem
        1/5/2023Pending sale$625,000
        Source: GSMLS #3821406 Report a problem
        12/15/2022Listed for sale$625,000+56.3%
        Source: HCMLS #220021535 Report a problem
        9/17/2019Sold$400,000
        Source: GSMLS #3567975 Report a problem
        6/26/2019Pending sale$400,000
        Source: EXIT REALTY LUCKY ASSOCIATES #3567975 Report a problem
        6/23/2019Listed for sale$400,000+166.7%
        Source: EXIT REALTY LUCKY ASSOCIATES #3567975 Report a problem
        2/19/2019Sold$150,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$9,341 $485,500 +1426.7%
        2023-- $31,800
        2022$9,724 +104%$31,800
        2021$4,767 -32.5%$31,800
        2020$7,062 +2.5%$31,800 +29.8%
        2019$6,890 +38%$24,500
        2018$4,993 -26.6%$24,500
        2017$6,798 +6.3%$24,500
        2016$6,394 +3.1%$24,500
        2015$6,202 +5.9%$24,500
        2014$5,855 +5.6%$24,500
        2013$5,547 -0.6%$24,500
        2012$5,581 +7.6%$24,500
        2011$5,187 +5%$24,500
        2010$4,939 +7.1%$24,500
        2009$4,611 $24,500
        2008-- $24,500
        2007$4,372 $24,500
        2006-- $24,500
        2005-- $24,500
        2004-- $24,500
        2003-- $24,500
        2002-- $24,500
        2001-- $24,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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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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        Climate risks

        Neighborhood: Elizabethport

        Getting around

        76 / 100
        Very Walkable
        40 / 100
        Some Transit
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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