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$849,000
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Property Description
Four-unit residential building for sale. Great income potential with strong owner-occupant or investor opportunity. Convenient location near major routes, shopping, and transportation. Don?t miss this turnkey multi-family investment!
Full Property Details
Full Property Details for 309 Magnolia Ave
General
- Price: $849,000
- Taxes: $10,048 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4026070
- Updated: 5/7/2026
- Added to Site: 11 day(s) ago
Interior
- Number of Rooms: 15
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 9
Location
- County: Union
- Driving Directions: Third St to Magnolia Ave
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, See Remarks
Structural Information
- Architectural Style: Fourplex, See Remarks
- Exterior Const.: Brick, Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: See Remarks
- Year Built: 1900
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking, See Remarks
Financial Considerations
- Operating Expenses: $14,000
- Assessment Amount: $369,900
- Land Assmt: $128,300
- Tax Amount: $10,048
- Tax Year: 2025
Disclosures and Reports
- Block: 723
- Lot Number: 21
Listed by The Arendel Group Llc
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Schools
Schools serving 309 Magnolia Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 1, George Washington Elementary School 250 Broadway, Elizabeth, NJ 07206 | PK-8 | 0.2 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1.3 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 1.4 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 309 Magnolia Ave
Date
Details
Price
Change
Source
5/07/2026
Listed
$849,000
69.8%
MLS
7/24/2022
Sold
$500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 309 Magnolia Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,585
41%
$498,200
2144%
2022
$6,789
2%
$22,200
—
2021
$6,648
5%
$22,200
—
2018
$6,337
3%
$22,200
—
2017
$6,160
—
$22,200
—
2016
$6,160
-4%
$22,200
—
2019
$6,399
10%
$22,200
—
2015
$5,794
9%
$22,200
—
2013
$5,305
—
$22,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 309 Magnolia Ave
309 Magnolia Ave, Elizabeth, NJ 07206 (MLS# 4026070) is a Multi-Family property with 4 units containing 9 bedrooms and 4 full bathrooms. 309 Magnolia Ave is currently listed for $849,000 and was received on May 07, 2026. Want to learn more about 309 Magnolia Ave? Do you have questions about finding other Multi-Family real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

