1083 Magnolia AveElizabeth City, NJ 07201
Union County
Description
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. Property includes architectural/site plans and documentation related to a previously approved rear expansion (2015).
Property Information
- Property type
- Residential Income
- Sub-type
- Duplex
- Style
- 3-Three Story / Duplex-Side by Side
- Year built
- 1900
- Stories
- 3
- Living area
- 3,300 Sq Ft
- Lot size
- 0.11 acres
- Days on market
- 65
- MLS® Listing#
- 4041019
Property Features
- Appliances
- Gas Water Heater
- Heating
- Baseboard · Natural Gas · Zoned
- Basement
- Full · Unfinished
- Parking
- Off Street
- Construction
- Vinyl Siding
- Roof
- Asphalt
- Utilities
- Natural Gas Available
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $9,469Tax year 2025
- Assessed value
- $469,500
- Parcel number
- 2904-00282-0000-00040-0000-
Directions
From US-1&9, take Magnolia Ave to 1083"1085 Magnolia Ave.
Listing Courtesy: COLDWELL BANKER REALTY - 9736948000
Elizabeth City Market Statistics
How this home compares to 144 active listings in Elizabeth City, NJ
| Elizabeth City median | This listing | |
|---|---|---|
| Median listing price | $668,421 | $775,000 |
| Median days on market | 53 | 65 |
| Median Sq Ft | 3,047 | 3,300 |
| Median price / Sq Ft | $280 | $235 |
Market statistics compiled from active EXIT Realty® and MLS listings in Elizabeth City, NJ.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 554 Franklin St, Elizabeth City, NJ | $795,000 | 8 | 4 | 39,996 |
| 1059 LAFAYETTE ST, ELIZABETH, NJ | $839,000 | 8 | — | — |
| 1059 Lafayette St, Elizabeth City, NJ | $849,000 | 8 | 3 | 2,890 |
| 522 Walnut St, Elizabeth City, NJ | $699,000 | 8 | — | — |
