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    248 Magnolia Ave Elizabeth, NJ 07206

    For Sale
    $790,000

    Well-maintained two-family home with renovated units and finished basement.

    Lot size:
    0.06 Acres

    Property Features for 248 Magnolia Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2004

    Source: MORE HOMES REALTY, LLC Agent SHAMEKA NORTON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming Two-Family Home

    This well-maintained two-family home is located in an appealing neighborhood. The property features renovated units and a fully finished basement. The large bedrooms offer natural light, creating a comfortable atmosphere. This property may be suitable for investors.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Food Market Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1871168
    Latitude
    40.6535148

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home with renovated units and finished basement.
    Where is this duplex located?
    The property is located at 248 Magnolia Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: - Renovated units offer modern living.; - Fully finished basement adds valuable living space.; - Well-maintained condition, move-in ready.
    (908) 998-9797
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    248 Magnolia Ave Elizabeth, NJ 07206
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    Elizabeth, NJ 07206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    248 Magnolia Ave Elizabeth, NJ 07206
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