Savvy buyers and investors, prepare to be impressed by this absolute powerhouse of a property! Situated in Elizabeth’s highly desirable Elmora neighborhood, 421-423 Magie Avenue represents a rare, top-tier investment opportunity designed for maximum cash flow, incredible flexibility, and long-term appreciation. This is an expansive, high-value asset built to command excellent rental returns.
The layout is designed to maximize space: the first unit offers a spacious 3-bedroom, 1-bathroom setup, while the second unit offers 3 large bedrooms and 2 full bathrooms, alongside a generously sized kitchen. Reaching even higher, the full attic features its own full bathroom, offering immense possibilities. The ground level boasting a full basement with multiple rooms, a utility area, a full bathroom, and direct, separate outdoor access from the front of the home. Outside, the property continues to deliver with a massive, beautifully paved backyard perfect for outdoor enjoyment, and a private driveway that solves all your parking needs.
Located just moments from effortless NYC transit, local schools, and Elmora's vibrant shopping and dining district, this property is a dream for tenants and owners alike. Whether you are expanding your investment portfolio or looking to live in one unit while letting the other offset your expenses, this versatile, grand-scale home is an opportunity you cannot afford to miss. Opportunities of this caliber are few and far between—schedule your private tour today and secure this Elmora property!
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Listing Snapshot
Price
$845,500
Days On Site
81 Days
Bedrooms
6
Inside Area (SqFt)
2,745 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.27 Acres
Year Built
1921
MLS® Number
NJUN2000616
Status
Pending
Property Tax
$11,925
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
a week ago
Status changed to Pending
a week ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.27
Foundation
Other
Parking
Driveway
Parking Spaces
5
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2745
SqFt Total
2745
Style
Other
Utilities
Underground Utilities
Water Source
Public
Zoning
MULTI-FAMILY
Interior Features
Appliances
Gas Water Heater
Basement
FinishedFull
Cooling
Window Unit(s)
Heating
Natural GasOtherBaseboard
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Exterior Features
Construction Details
Vinyl Siding
Pool Features
None
Roof
Asphalt
Community Features
MLS Area
Elizabeth City (22004)
School District
ELIZABETH PUBLIC SCHOOLS
Schools
School District
ELIZABETH PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Realty West Monmouth
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