1083 Magnolia AveElizabeth City, NJ 07201

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

72

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.