421-423 Magie Avenue Elizabeth, NJ $ 845,500
421-423 Magie Avenue
$ 845,500
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421-423 Magie Avenue

Elizabeth, NJ, 07208
$ 845,500
Baths5.0 Sq 2,745

Monthly Estimate*

$ 5,339

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Studio

Multi-Family Home for sale in Elizabeth, NJ

for $845,500 with 5 full baths. This 2,745 square foot home was built in 1921.

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 is a game-changer, boasting a full basement with multiple rooms, a utility area, a full bathroom, 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 effortless 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 betweenschedule your private tour today and secure this Elmora property!

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Multi-Family Active

Price

$ 845,500

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 11,925

Style

Year Built

1921

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

2700728R

Features
General
Living Area 2745
Sewer Public Sewer
Heating Baseboard Central See Remarks Forced Air
Cooling A/C Central - All A/C Wall Unit(s) A/C Window Unit(s)
Utilities Underground Utilities
Roof Asphalt See Remarks
Zoning Multi-Family
Year Built 1921
Stories Count 3
Property Subtype 2 Family
Tax Year 2025
County Union
Property Type Residential Income
Full Baths 0
Close Price 0
Status Active
City Elizabeth
Lot Size Square Feet 0
Tax Annual Amount 11925
Living Area Units Square Feet
Standard Status Active
Appliances Water Heater(See Remarks Gas)
Gas Y/N Natural Gas
Virtual Tour https://www.propertypanorama.com/instaview/msx/2700728R
Garage Spaces 0
Ownership Fee Simple
Garage Y/N false
Total Rooms 13
Carport Spaces 0
Carport Y/N false
Patio/Porch Features Porch
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Interior
Interior Amenities Unit 1(3 Bedrooms Kitchen 1 Bath Living Room) Unit 2(3 Bedrooms 2+ Baths)
Total Stories 3
Heating Y/N true
Half Baths 0
Total Baths 5
Basement Full Finished Bath Full Other Room(s) Exterior Entry Utility Room
Total Bedrooms 0
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Exterior
Lot Features Near Shopping See Remarks
Water Source Public
Building Area Total 2745
Lot Dimensions 234.00 x 50.00
Covered Spaces 0
Exterior Amenities Porch
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 0
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* Excluded Features
List By
Keller Williams West Monmouth

Broker

Affordability Calculator

$6,332
Per Month
84%
16%
0%
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.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$845,500 Listed Price

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421-423 Magie Avenue, Elizabeth, NJ, 07208 is a Multi-Family Home for sale at $845,500 with 2,745 sqft. 421-423 Magie Avenue is a studio with 5.0 baths and was built in 1921. The property's zip code is 07208 which is in Elizabeth, NJ