$780,000
 $4,187 est/mo Sourced by Back At You

415 Magie Ave,ELIZABETH, NJ 07208

ELIZABETH, NJ 07208

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Description

Attention savvy buyers and investors! This is your rare opportunity to own a powerhouse income-generating property right in the heart of Elizabeth's highly coveted Elmora neighborhood. Perfectly positioned for maximum rental demand, this standout two-family home delivers incredible value, cash flow potential, and long-term appreciation at an unbeatable price point. The property features two spacious, light-filled units, each boasting a comfortable 3-bedroom, 1-bathroom layout. Adding massive value to the building is a versatile basement complete with its own full bathroom, offering excellent flexibility. Commuters will absolutely love the unbeatable location, situated just moments from easy NYC transportation, making transit a breeze. Nestled near highly regarded local schools, shopping, and dining, this property is positioned in a vibrant, high-demand rental market.Whether you want to add a premier multi-family asset to your investment portfolio or live in one unit while letting the other pay your mortgage, this is a rare opportunity to build long-term wealth at an incredible price point. Opportunities like this in Elmora do not last long-schedule your tour today and secure your next great investment before it's gone!

Details

MLS #NJUN2000614
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1915
Days On Site91
Listing Provided ByKeller Williams Realty West Monmouth | Michael Lamie

Features

SQ Feet2,760
BasementY
Units1
ZoningMULTI-FAMILY
Acreage0.12

Interior

CoolingWindow Unit(s)
Heating Yes / NoYes
HeatingBaseboard - Electric, Other

Exterior

RoofAsphalt
Construction MaterialsOther, Vinyl Siding
Foundation DetailsOther

Parking

Garage Yes / NoNo

Utilities

UtilitiesUnder Ground

Taxes

Tax Annual Amount10589

Area Information

StateNJ
CountyUNION NJ
CityELIZABETH
Zip Code07208
AreaElizabeth City (22004)
Community NameELMORA
School DistrictELIZABETH PUBLIC SCHOOLS
Listing VS Median (in ELMORA)
Price:
$780,000
low | high
Med:
$780,000
50% of Average
sqft:
2,760
low | high
Med:
2,760
50% of Average
$ / sqft:
$283
low | high
Med:
$283
50% of Average
On site:
91
low | high
Med:
91
100% of Average
Sourced by Back At You

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Learn More About This Property

StateNJ
CountyUNION NJ
CityELIZABETH
Zip Code07208
AreaElizabeth City (22004)
Community NameELMORA
School DistrictELIZABETH PUBLIC SCHOOLS
Listing VS Median (in ELMORA)
Price:
$780,000
low | high
Med:
$780,000
50% of Average
sqft:
2,760
low | high
Med:
2,760
50% of Average
$ / sqft:
$283
low | high
Med:
$283
50% of Average
On site:
91
low | high
Med:
91
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $585K - $975K
sqft: 2,000 - 3,000
Nearby Listings Property ImageNearby Listings Details
421-423 MAGIE AVE Property Photo 1
$845,500
421-423 Magie Ave
Elizabeth, NJ 07208
Listing Updated: October 5, 2026 at 5:26:38 PM PDT
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