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8 Beds
3 Baths
3,300 sqft

$775,000

1083 Magnolia Ave, Elizabeth City NJ, 07201

Price per sqft$234.85
Built in1900
Property size3,300 sqft
Property typeMulti-family

Overview

Active

Listed Jul 15, 2026

Updated 3 days ago

Exceptional side-by-side two-family property offering an outstanding opportunity for investors and owner-occupants alike. Each spacious unit features 4 generously sized bedrooms, providing excellent rental income potential and flexible living arrangements. Each unit welcomes you with a spacious enclosed front porch, perfect for a sitting area, mudroom, or additional seasonal living space. One unit includes the convenience of an in-unit laundry. The property offers separate utilities, a full basement with abundant storage, and two expansive driveways with parking for approximately 10"15 vehicles a rare and highly desirable feature in Elizabeth. The roof was replaced approximately one year ago, providing added value and peace of mind for the new owner. Ideally located near shopping, restaurants, schools, public transportation, major highways, and Newark Liberty International Airport, this property combines convenience with strong investment potential. Whether you're looking to expand your real estate portfolio or live in one unit while generating income from the other, this well-maintained multifamily is a fantastic opportunity in a prime location. Property includes architectural/site plans and documentation related to a previously approved rear expansion (2015).

$5,156/mo

Est. mortgage payment based on a $775,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4041019

Interior Features

Bedrooms
8
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$9,469
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of COLDWELL BANKER REALTY with NOHELYS LUGO,
Listing Contact: 9736948000 

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