557 Magnolia Ave Elizabeth, NJ $ 375,000
557 Magnolia Ave
$ 375,000
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557 Magnolia Ave

Elizabeth, NJ, 07206
$ 375,000
Bedrooms4 Baths3.0

Monthly Estimate*

$ 2,368

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Multi-Family Home for sale in Elizabeth, NJ

for $375,000 with 4 bedrooms and 3 full baths. This home was built in 1923 on a lot size of 0.06.

Excellent opportunity for those seeking a value-add renovation project. This spacious 2-family home in Elizabeth offers tremendous potential and requires repairs and updating throughout. Featuring separate units, the property presents an ideal opportunity for rental income or owner-occupancy after renovations are completed. Conveniently located near major transportation routes, shopping, schools, parks, and other local amenities. Bring your vision and unlock the full potential of this property. Buyer is responsible for Certificate of Occupancy & Fire Certificate, or all inspections required to close. Only brokers who are approved by the U.S. Department of Housing and Urban Development (HUD) and their registered agents are eligible to submit bids. Eligible for FHA 203K financing. Eligible for $100 Down program. During the 5-day Exclusive Bidding Period. Only owner occupants are eligible to submit bids.

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Multi-Family Active

Price

$ 375,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,243

Style

3-Three Story

Lot Size

0.06

Year Built

1923

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4036141

Features
General
Sewer Public Sewer
Heating 1 Unit Radiators - Hot Water
Cooling None
Utilities All Underground
Possession AT CLOSING
Roof Asphalt Shingle
Water Heater Gas
Architectural Style 3-Three Story
Year Built 1923
Township Elizabeth City
Tax Year 2025
Gross Income 9999
County Union
Net Operating Income 9999
Operating Expense 9996
Total Rooms 9
Full Baths 3
Status Active
Directions TRUMBULL TO MAGNOLIA
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 8243
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 408700
Town # 2904
Tax Lot 26
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Interior
Basement Full Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Fuel Type Electric Gas-Natural See Remarks
Half Baths 0
Total Bedrooms 4
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
HARRIS M. SANDLER

Listing Agent

Realty Of America

Broker

hsandlerhomes@gmail.com

Email

Affordability Calculator

$3,055
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,368
Monthly Property Taxes
$687
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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/24/2026$375,000 Listed Price

Map


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557 Magnolia Ave, Elizabeth, NJ, 07206 is a Multi-Family Home for sale at $375,000 with a lot size of 0.06. 557 Magnolia Ave has 4 bedrooms, 3.0 baths, and was built in 1923. The property's zip code is 07206 which is in Elizabeth, NJ