Building Details

Year Built 1900

Tenancy Multi

Listing Agency: THE ARENDEL GROUP LLC

Listed By: OSCAR LUIS CORTIZO · License #393588 Show Phone

Source: Compass

Added: May 7 Changed: Aug 8 Last Checked: Jul 21 at 1:24AM

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Investment Insights

Based on property information with market context.

This offering is a four-unit residential building for sale, providing a straightforward multi-family setup with income potential. The property is described as turnkey, supporting use as either an owner-occupant investment or an investor-held asset.

Located at 309 Magnolia Avenue in Elizabeth Port, NJ 07206, the building is positioned for convenience near major routes, shopping, and transportation. The public remarks emphasize ease of access to surrounding amenities and connectivity to regional travel.

As a four-unit residential structure, the property is suited for buyers seeking a small-scale income portfolio or an owner-occupant arrangement within a compact multi-family format.

Key Highlights

• Four‑unit residential building for sale
• Basement included: unfinished
• Exterior features include brick/block and vinyl siding

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Dental Office Parking Lot & Garage Daycare Center

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

4

Residential units

Multi-tenant

Tenancy

Turnkey business

Opportunity

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Turnkey four-unit residential building offered for sale with income potential and a convenient Elizabeth Port location.

Where is this quadplex located?

The property is located at 309 Magnolia Avenue Elizabethport, NJ.

What is the asking price?

The asking price for this property is $849,000.

What are key features of this property?

This property features: Four‑unit residential building for sale; Basement included: unfinished; Exterior features include brick/block and vinyl siding