421-423 Magie Avenue
Elizabeth, NJ, 07208 $ 845,500
Bedrooms6 Baths0.0 Sq 2,745 Monthly Estimate*
$ 5,339
for $845,500 with 6 bedrooms. This 2,745 square foot home was built in 1921 on a lot size of 0.27.
Savvy buyers and investors, prepare to be impressed by this absolute powerhouse of a property! Situated in Elizabeth's highly desirable Elmora neighborhood, 421-423 Magie Avenue represents a rare, top-tier investment opportunity designed for maximum cash flow, incredible flexibility, and long-term appreciation. This is an expansive, high-value asset built to command excellent rental returns. The layout is designed to maximize space: the first unit offers a spacious 3-bedroom, 1-bathroom setup, while the second unit offers 3 large bedrooms and 2 full bathrooms, alongside a generously sized kitchen. Reaching even higher, the full attic features its own full bathroom, offering immense possibilities. The ground level boasting a full basement with multiple rooms, a utility area, a full bathroo , and direct, separate outdoor access from the front of the home. Outside, the property continues to deliver with a massive, beautifully paved backyard perfect for outdoor enjoyment, and a private driveway that solves all your parking needs. Located just moments from NYC transit, local schools, and Elmora's vibrant shopping and dining district, this property is a dream for tenants and owners alike. Whether you are expanding your investment portfolio or looking to live in one unit while letting the other offset your expenses, this versatile, grand-scale home is an opportunity you cannot afford to miss. Opportunities of this caliber are few and far between-schedule your private tour today and secure this Elmora property!
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FeaturesGeneralSewer Public Sewer
Heating Baseboard
Cooling Multi Units
Roof Shingle
Garage Spaces 0.0
Patio/Porch Features Patio
Year Built 1921
Property Subtype Duplex
Tax Year 2025
County Union
New Construction N
Property Type Multi-Family
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
Directions Westfield ave to Magie ave.
City Elizabeth
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area None
Lot Size Units Acres
Lot Size Square Feet 11761.2
Carport Y/N N
Tax Annual Amount 11925.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Elizabeth (ELI)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
TaxOtherAnnualAssessmentAmount 591200.0
Senior Community None
Water Body Access Y/N None
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InteriorBasement Finished Full
Total Fireplaces 0
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Baseboard True
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ExteriorParking Features See Remarks
Water Source Public
Lot Size Area 0.27
Spa N
Building Area Total 2745.0
Lot Dimensions 50 x 234
Lot Size Acres 0.27
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByKeller Williams Realty West MonmouthBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,339
- Monthly Property Taxes
- $994
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Elizabeth, NJ
Average List Price $819,564
Percent of Sale Price 3%
About Elizabeth, NJ 129,831 Population
8% Since 2002
$ 46,469 Median Income
36.09 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
742343 Elementary School
742618 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $845,500 | | Listed Price |