612 Magnolia Ave
Elizabeth City, NJ 07206
Price: $749,999
GSMLS: 4007367Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 6
Baths: 3 Full & 1 Half
Garage: No
Year Built: 1700
Acres: 0.06
Property Tax: $9,341
Description
Income-producing two-unit property in the heart of Elizabeth offering strong rental potential and long-term value. This well-maintained property features a total of 6 bedrooms and 3.5 bathrooms across two spacious units, providing excellent flexibility for investors or owner-occupants seeking rental income.The property currently generates approximately $5,200 per month in rent, making it a compelling opportunity to expand a real estate portfolio or offset monthly housing expenses. A finished attic and finished basement provide additional living space and potential for extended use (buyer to verify all permitted uses).Conveniently located near major transportation routes, shopping, dining, and everyday amenities, the property offers strong appeal for tenants and easy access for commuters.Whether you are looking to generate consistent rental income or occupy one unit while renting the other, this versatile property presents an excellent opportunity in a high-demand market. Schedule your showing today to explore the income potential this property has to offer.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Finished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Stucco, Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Rec Room, Utility Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Microwave Oven, Range/Oven - Gas, Refrigerator, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
2
Total Rooms:
7
Room Description:
Attic, Bedrooms, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Microwave Oven, Range/Oven - Gas, Refrigerator, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Electric
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Union
Town:
Elizabeth City
Neighborhood:
n/a
Financial Considerations
List Price:
$749,999
Tax Amount:
$9,341
Land Assessment:
$128,300
Build. Assessment:
$357,200
Total Assessment:
$485,500
Tax Rate:
1.92
Tax Year:
2024
Listing Information
MLS ID:
4007367
List Date:
01-29-2026
Days On Market:
46
Listing Broker:
RE/MAX FIRST REALTY II
Listing Agent:
Monique Dixon
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
