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$845,500
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Property 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 is a game-changer, 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 betweenschedule your private tour today and secure this Elmora property!
Full Property Details
Full Property Details for 421-423 Magie Ave
General
- Price: $845,500
- Taxes: $11,925 (2025)
- Status: Active
- Type: Duplex
- Source: Middlesex
- MLS ID: 2700728R
- Updated: 7/15/2026
- Added to Site: 14 day(s) ago
Interior
- Interior Features: Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, 2+ Baths)
- Appliances: Water Heater(See Remarks, Gas)
Rooms
Bathrooms
- Total Bathrooms: 5
Other Rooms
- Living Room: 2,745 Sq. Ft.
Exterior
- Exterior Features: Porch
- Deck/Patio: Porch
Location
- County: Union
Heating & Cooling
- Cooling Type: A/C Central - All, A/C Wall Unit(s), A/C Window Unit(s)
- Heating Type: Baseboard, Central, See Remarks, Forced Air
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utility Description: Underground Utilities
Structural Information
- Basement Desc.: Full, Finished, Bath Full, Other Room(s), Exterior Entry, Utility Room
- Roof: Asphalt, See Remarks
- Stories/Levels: 3
- Square Feet: 2,745
- Year Built: 1921
Lot Features
- Lot Dimensions: 234.00 x 50.00
- Lot Features: Near Shopping, See Remarks
- Zoning: Multi-Family
- Lot Description: Near Shopping, See Remarks
Financial Considerations
- Tax Amount: $11,925
- Tax Year: 2025
Disclosures and Reports
- Property ID: 400160000000075
Listed by Keller Williams West Monmouth
Get Pre-Approved Today
Schools
Schools serving 421-423 Magie Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 12, Elmora Elementary School 638 Magie Avenue, Elizabeth, NJ 07208 | PK-8 | 0.3 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 0.4 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 1 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 1 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 1.1 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1.5 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 421-423 Magie Ave
Date
Details
Price
Change
Source
7/15/2026
Listed
$845,500
287.49%
MLS
3/20/2019
Sold
$218,200
—
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 421-423 Magie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,925
30%
$591,200
1871%
2022
$9,174
1%
$30,000
—
2022
$9,101
1%
$30,000
—
2021
$8,984
5%
$30,000
—
2018
$8,563
3%
$30,000
—
2017
$8,324
-4%
$30,000
—
2019
$8,647
4%
$30,000
—
2016
$8,325
10%
$30,000
—
2015
$7,580
6%
$30,000
—
2013
$7,169
—
$30,000
—
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 421-423 Magie Ave
421-423 Magie Avenue, Elizabeth, NJ 07208 (MLS# 2700728R) is a Duplex property with 0 bedrooms and 0 full bathrooms. 421-423 Magie Avenue is currently listed for $845,500 and was received on July 15, 2026. Want to learn more about 421-423 Magie Avenue? Do you have questions about finding other Duplex real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

