421-423 Magie Ave, Elizabeth, NJ, 07208
About This Home
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!
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1921
Materials
- Roof: Asphalt, See Remarks
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Water Heater(See Remarks,Gas)
Basement
- Has basement: Yes
- Basement: Full, Finished, Bath Full, Other Room(s), Exterior Entry, Utility Room
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 5
Features
- Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room),Unit 2(3 Bedrooms,2+ Baths)
Heating & Cooling
- Heating features: Baseboard,Central,See Remarks,Forced Air
- Cooling features: A/C Central - All,A/C Wall Unit(s),A/C Window Unit(s)
Interior Area
- Total structure area: 2,745
- Total interior livable area: 2,745 sqft
Property
Details
- Parcel number: 0400160000000075
- Zoning: Multi-Family
Features
- Stories: 3
- Patio & porch: Porch
- Exterior features: Porch
Lot
- Lot size: 0.27 Acres
- Features: Near Shopping,See Remarks
- Lot size dimensions: 234.00 x 50.00
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
- Strong Wind
- Winter Weather
- Cold Wave
- Heat Wave
- Inland Flooding
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,275 | $51,300 |
| Home Insurance * | $263 | $3,156 |
| Property Taxes | $1,043 | $12,516 |
| Electricity | $302 | $3,631 |
| Total | $5,883 | $70,596 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Pending sale | $845,500 |
| 2026-08-13 | Contingent | $845,500 |
| 2026-07-15 | Listed for sale | $845,500 |
| 2020-05-06 | Sold | $218,000 |
For Sale by Agent
View on Zillow