Three-Level Triplex with Shared
For Sale
$674,999
Pending
626 Magnolia Ave, Elizabeth, NJ 07206
Three-level layout with recent exterior updates and off-street parking via a shared driveway.
Property SizeContact for details
Days on Market48
Property Features for 626 Magnolia Ave
General Information
Standard status
Pending
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,182
Building Details
Year Built
1910
Units
2
Listing Agency:
Carnegie Real Estate LLC
(201) 726-3933
Listed By:
HIPOLITO TOURON
Source:
Elliman
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 10 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carnegie Real Estate LLC
Investment Insights
Based on property information with market context.
Well-maintained and recently updated multi-family triplex offering three levels of living space with flexible layouts. The first floor includes 2 bedrooms and 1 full bathroom. The second floor has 2 bedrooms with the potential for a 3rd bedroom, plus 1 full bathroom. The third floor provides an additional 2 bedrooms and 1 full bathroom, creating multiple configurations for extended living or rental flexibility. Exterior and site improvements include a newer roof, updated retaining walls, and a durable vinyl privacy fence.
A shared driveway provides off-street parking convenience. The property is described as being in the heart of Elizabeth and is positioned for everyday access, with nearby shopping, restaurants, schools, parks, major highways, and public transportation. WalkScore of 84 indicates the area is very walkable, and BikeScore of 53 and TransitScore of 58 support practical connectivity for residents.
This configuration can suit investors seeking a three-level income property or owner-occupants who want the option to live in one portion while offsetting expenses with other units. With recent updates and a clear three-floor separation, the property supports straightforward planning for occupancy, leasing, or multi-generational use. Schedule a private tour to review the layouts and finishes firsthand.
A shared driveway provides off-street parking convenience. The property is described as being in the heart of Elizabeth and is positioned for everyday access, with nearby shopping, restaurants, schools, parks, major highways, and public transportation. WalkScore of 84 indicates the area is very walkable, and BikeScore of 53 and TransitScore of 58 support practical connectivity for residents.
This configuration can suit investors seeking a three-level income property or owner-occupants who want the option to live in one portion while offsetting expenses with other units. With recent updates and a clear three-floor separation, the property supports straightforward planning for occupancy, leasing, or multi-generational use. Schedule a private tour to review the layouts and finishes firsthand.
Key Highlights
- Multi‑family home built in 1910 with three levels of living space and flexible layouts
- First floor: 2 bedrooms and 1 full bathroom
- Second floor: 2 bedrooms and 1 full bathroom, with potential for a 3rd bedroom
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 07206, NJ
30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-level layout with recent exterior updates and off-street parking via a shared driveway.
Where is this triplex located?
The property is located at 626 Magnolia Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $674,999.
What are key features of this property?
This property features: Multi‑family home built in 1910 with three levels of living space and flexible layouts; First floor: 2 bedrooms and 1 full bathroom; Second floor: 2 bedrooms and 1 full bathroom, with potential for a 3rd bedroom
