421-423 Magie Avenue
Elizabeth, NJ, 07208 $ 845,500
Bedrooms6 Baths0.0 Monthly Estimate*
$ 5,339
for $845,500 with 6 bedrooms. This 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 Elizabeths 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 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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FeaturesGeneralLiving Area 2745
Sewer Public Sewer
Heating Baseboard - Electric Other
Cooling Window Unit(s)
Utilities Under Ground
Possession Immediate Subject to Existing Lease
Roof Asphalt
Zoning MULTI-FAMILY
Architectural Style Other
Construction Materials Vinyl Siding
School District ELIZABETH PUBLIC SCHOOLS
Year Built 1921
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Other
Municipality ELIZABETH CITY
Section Elmora
Accessibility None
County UNION
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Westfield ave to Magie ave.
City ELIZABETH
Number Of Units Total 1
MLS Area Elizabeth City (22004)
Lot Size Units Square Feet
Lot Size Square Feet 11700.00
Tax Annual Amount 11925.0
Two Bedroom 0
Structure Type Detached
Price Per Sq Ft Total AG 308.01
Acceptable Financing Cash Conventional FHA
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00075
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InteriorHeating Fuel Natural Gas
Basement Full Fully Finished
Hot Water Natural Gas Multi-tank
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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ExteriorPool No Pool
Water Source Public
Type of Parking Driveway
Foundation Details Other
Water View Y/N N
Lot Dimensions 50.00 x 234.00
Lot Size Acres 0.27
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 241300.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKeller Williams Realty West MonmouthBroker
michael.lamie@kw.comEmail
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.
5492942 Elementary School
5492941 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $845,500 | | Listed Price |