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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, this property 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 bedrooms, 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 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. Schedule 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: $11,924 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4040709
- Updated: 8/28/2026
- Added to Site: 44 day(s) ago
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 7
Location
- County: Union
- Driving Directions: Westfield ave to Magie ave.
Heating & Cooling
- Cooling Type: See Remarks, Window A/C(s)
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: 2-Two Story, See Remarks
- Exterior Const.: See Remarks, Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
- Square Feet: 2,745
- Year Built: 1921
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.27
- Lot Dimensions: 50 x 234
- Driveway/Sidewalk: 2 Car Width, Driveway-Exclusive, See Remarks
Financial Considerations
- Assessment Amount: $349,900
- Land Assmt: $241,300
- Tax Amount: $11,924
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 160
- Lot Number: 75
Listed by Keller Williams Realty
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 Ave, Elizabeth, NJ 07208 (MLS# 4040709) is a Multi-Family property with 2 units containing 7 bedrooms and 5 full bathrooms. 421-423 Magie Ave is currently listed for $845,500 and was received on July 15, 2026. Want to learn more about 421-423 Magie 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.

