Exceptional side-by-side two-family property offering an outstanding opportunity for investors and owner-occupants alike. Each spacious unit features 4 generously sized bedrooms, providing excellent rental income potential and flexible living arrangements. Each unit welcomes you with a spacious enclosed front porch, perfect for a sitting area, mudroom, or additional seasonal living space. One unit includes the convenience of an in-unit laundry. The property offers separate utilities, a full basement with abundant storage, and two expansive driveways with parking for approximately 10"15 vehicles a rare and highly desirable feature in Elizabeth. The roof was replaced approximately one year ago, providing added value and peace of mind for the new owner. Ideally located near shopping, restaurants, schools, public transportation, major highways, and Newark Liberty International Airport, this property combines convenience with strong investment potential. Whether you're looking to expand your real estate portfolio or live in one unit while generating income from the other, this well-maintained multifamily is a fantastic opportunity in a prime location.
1083 Magnolia Ave, Elizabeth City NJ 07201-1482
Property City
Elizabeth City
Property Price
$800,000
Bedrooms
8
Year Built
1900
Tax Annual Amount
$9469
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.11
MLS Status
Active
MLS #
4041019
Yearly Tax Rate
2.017
Year Built (*numeric)
1900
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
5
Basement (*text)
Yes
Cooling (*text)
Wall A/C Unit(s)
Heating
Baseboard - Hotwater, Floor/Wall Heater, Multi-Zone
Lot Size Dimensions
48.15X100
Data import from
GSMLS