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sales rep | Brivity IDX

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421 421-423 Magie Ave , Elizabeth, NJ 07208
$845,500
Est. Payment: $4,565.71/mo
6 Bed
4 Bath
2745 Sqft
0.27 Acres
Status: pending | Days on site: 58
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House Description

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!

Highlights

Listed by Michael Lamie , 7328876110 and NON MEMBER , 8445527444 Keller Williams Realty West Monmouth , 7325369010. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.27

Year Built

1921

County

Union

Area

Elizabeth City (22004)

School District

Elizabeth Public Schools

Listing ID

NJUN2000616

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Air Cond:Window Unit(s)
Fireplaces:
Above Ground Sq Ft:2745
Basement:Full,Fully Finished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:50.00 x 234.00
Garage Capacity:5
Zoning:MULTI-FAMILY
Roof:Asphalt
Sewer:Public Sewer
Parking Features:Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$4,566
Taxes
$994

Home Price

$845,500

Loan Details

30 yrs
7.144%

Down Payment

20%
$169,100
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,565.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,565.71 $993.75 $0.00 $5,559.46
Yearly $54,788.52 $11,925.00 $0.00 $66,713.52
Total $1,643,655.48 $357,750.00 $0.00 $2,001,405.48
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Elizabeth, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS