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309 Magnolia Ave Elizabeth, NJ $ 849,000
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$ 849,000 Get more info
309 Magnolia Ave
$ 849,000
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309 Magnolia Ave

Elizabeth, NJ, 07206
$ 849,000
Bedrooms9 Baths4.0

Monthly Estimate*

$ 5,227

309 Magnolia Ave, Elizabeth, NJ 07206 - Image 1

Multi-Family Home for sale in Elizabeth, NJ

for $849,000 with 9 bedrooms and 4 full baths. This home was built in 1900 on a lot size of 0.06.

Four-unit residential building for sale. Great income potential with strong owner-occupant or investor opportunity. Convenient location near major routes, shopping, and transportation. Don?t miss this turnkey multi-family investment!

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Multi-Family Active

Price

$ 849,000

Bedrooms

9

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,048

Style

Fourplex

Lot Size

0.06

Year Built

1900

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4026070
Features
General
Sewer Public Sewer
Heating See Remarks
Cooling See Remarks
Utilities Gas-Natural See Remarks
Possession At Closing
Roof See Remarks
Architectural Style Fourplex See Remarks
Year Built 1900
Township Elizabeth City
Tax Year 2025
Gross Income 66000
County Union
Net Operating Income 52000
Operating Expense 14000
Total Rooms 15
Full Baths 4
Status Active
Directions Third St to Magnolia Ave
Open Parking Spaces 0
Number Of Units Total 4
Tax Annual Amount 10048
Drive On-Street Parking See Remarks
Standard Status Active
Tax Assessed Value 498200
Town # 2904
Tax Lot 21
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Interior
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 1
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 9
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Exterior
Water Source Public Water
Exterior Description Brick Vinyl Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
OSCAR LUIS CORTIZO

Listing Agent

The Arendel Group Llc

Broker

Affordability Calculator

$6,065
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,227
Monthly Property Taxes
$837
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2026$849,000 Listed Price

Map

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309 Magnolia Ave, Elizabeth, NJ, 07206 is a Multi-Family Home for sale at $849,000 with a lot size of 0.06. 309 Magnolia Ave has 9 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 07206 which is in Elizabeth, NJ

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