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New Construction Duplex with Garage
For Sale
$1,099,000

1060 Magnolia Ave, Elizabeth, NJ 07201

Two open-concept residences offer modern finishes, basement recreation space, and private driveway parking.

Property SizeContact for details
Days on Market15

Property Features for 1060 Magnolia Ave

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Building Details

Year Built 2026
Listing Agency: SIGNATURE REALTY NJ
Listed By: KERLLY L BOCHICCHIO · License #1758119
Source: Luminancerealty
Added: Aug 19 Changed: Aug 28 Last Checked: Sep 1 at 10:51PM

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 SIGNATURE REALTY NJ

Investment Insights

Based on property information with market context.

This new-construction duplex is being developed with two residential units, each designed with 3 bedrooms, 2 full bathrooms, an open-concept living arrangement, contemporary finishes, and plentiful natural light. Buyers may have an opportunity to personalize finish selections before construction is complete. The property also includes a finished basement with a recreation room and an additional full bathroom, expanding the usable interior space.

A 2-car garage and private driveway provide on-site parking. The property is located at 1060 Magnolia Ave in Elizabeth, NJ, near major highways, shopping, schools, and public transportation. Completion is projected in 4 months, with a 2026 year built designation. Buyers may qualify for a 5-year tax abatement.

Key Highlights

  • Two‑unit duplex with 3 bedrooms and 2 full bathrooms in each unit
  • Finished basement includes a recreation room and an additional full bathroom
  • 2‑car garage plus private driveway parking

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Tanning Salon Veterinary Clinic Catering Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,043
Businesses Nearby

Demographics for 07201, NJ

29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two open-concept residences offer modern finishes, basement recreation space, and private driveway parking.
Where is this duplex located?
The property is located at 1060 Magnolia Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 full bathrooms in each unit; Finished basement includes a recreation room and an additional full bathroom; 2‑car garage plus private driveway parking
More about this property
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