421-423 Magie Ave
Elizabeth, NJ, 07208 $ 845,500
Bedrooms7 Baths5.0 Sq 2,745 Monthly Estimate*
$ 5,339
for $845,500 with 7 bedrooms and 5 full baths. 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, this property 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 bedrooms, 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 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 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. Schedule your private tour today and secure this Elmora property!
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FeaturesGeneralSewer Public Sewer
Heating See Remarks
Cooling See Remarks Window A/C(s)
Utilities All Underground
Possession At Closing
Roof Asphalt Shingle
Garage Spaces 0
Architectural Style 2-Two Story See Remarks
Year Built 1921
Township Elizabeth City
Tax Year 2025
Gross Income 0
County Union
Net Operating Income 0
Operating Expense 0
Total Rooms 13
Full Baths 5
Status Active
Directions Westfield ave to Magie ave.
Open Parking Spaces 5
Number Of Units Total 2
Tax Annual Amount 11924
Drive 2 Car Width Driveway-Exclusive See Remarks
Standard Status Active
Tax Assessed Value 591200
Town # 2904
Tax Lot 75
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InteriorBasement Finished Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 7
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ExteriorWater Source Public Water
Exterior Description See Remarks Vinyl Siding
Building Area Total 2745
Lot Dimensions 50X234
Lot Size Acres 0.27
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* Excluded FeaturesList ByMICHAEL LAMIEListing Agent
Keller Williams RealtyBroker
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.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $845,500 | | Listed Price |