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423 Magnolia St, Highland Park, NJ, 08904

6beds
3baths
2,718sqft
$900,000
$331price/sqft
$6,979/moest. monthly cost
$279,160/yrincome needed

About This Home

Large 3 Family Home in Center of Highland Park a great addition to an investor portfolio. Large 2BR Apartment on 1st Flr with Updated kitchen with Granite Counters. Living Room and Dining Room. Large 3BR-4BR Apartment on 2nd Flr 1BR on 3rd Flr Laundry in Basement. Storage Area. Living Room and Dining Room. Large Driveway Parking. Park-like backyard. Enclosed Back Sunroom. Near Rutgers University, Barnabas RWJ Hospital, Houses of Worship, Supermarkets, Shopping, and much more. Near Public Transportation (bus stop just a few blocks away), train 1 Mile away.

Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
72
BikeVery Bikeable

Schools

6/10
Bartle SchoolGrades 2-50.2 mi
4/10
6/10
Highland Park High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1940

Materials

  • Roof: See Remarks

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Water Heater(See Remarks),Water Heater,Unit 1(Range/Oven,Refrigerator),Unit 2(Range/Oven,Refrigerator),Unit 3(Range/Oven,Refrigerator)

Basement

  • Has basement: Yes
  • Basement: Full, Exterior Entry, Storage Space, Interior Entry, Laundry Facilities

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3

Features

  • Unit 1(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room),Unit 2(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room),Unit 3(1 Bedroom,Kitchen,1 Bath,Living Room)

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: See Remarks

Interior Area

  • Total structure area: 2,718
  • Total interior livable area: 2,718 sqft

Property

Details

  • Parcel number: 0703002000000018

Features

  • Stories: 3
  • Patio & porch: Porch
  • Exterior features: Porch

Lot

  • Lot size: 5,283 sqft
  • Features: See Remarks
  • Lot size dimensions: 151.00 x 0.00

Parking

  • Parking features: 3-4 Car Parking,Paved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Inland Flooding
Ice Storm
Strong Wind
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,550$54,600
Home Insurance *$272$3,264
Property Taxes $1,858$22,296
Electricity $299$3,595
Total$6,979$83,748
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$239,280/yr
40% on housing$209,370/yr
45% on housing$186,106/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.7%
-2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$331This listing

vs Other Active Listings

Avg $/sqft

ZIP 08904$318
Middlesex County$305

vs Homes Sold Last Month

Median $/sqft

ZIP 08904$385
Middlesex County$345

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-07Listed for sale$900,000
2022-03-30Sold$560,000
2021-10-07Pending sale$575,000
2021-10-07Listed for sale$575,000
2021-09-23Pending sale$575,000
2021-08-20Contingent$575,000
2021-06-23Listed for sale$575,000
2011-12-31Listing removed$389,000
2011-07-22Listed for sale$389,000

For Sale by Agent

AgentPINHAS COHEN
BrokerageBEST REALTY

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