Under Contract Multi-Family MLS# 4036141

557 Magnolia Ave

Elizabeth City, NJ 07206

$375,000

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About 557 Magnolia Ave

Excellent opportunity for those seeking a value-add renovation project. This spacious 2-family home in Elizabeth offers tremendous potential and requires repairs and updating throughout. Featuring separate units, the property presents an ideal opportunity for rental income or owner-occupancy after renovations are completed. Conveniently located near major transportation routes, shopping, schools, parks, and other local amenities. Bring your vision and unlock the full potential of this property. Buyer is responsible for Certificate of Occupancy & Fire Certificate, or all inspections required to close. Only brokers who are approved by the U.S. Department of Housing and Urban Development (HUD) and their registered agents are eligible to submit bids. Eligible for FHA 203K financing. Eligible for $100 Down program. Open to all bidders.

Property details

Property

Type
multi
Year built
1923
Lot
0.06 ac
List date
Jun 22, 2026

Schools

District
Elizabeth City School District

Location

Subdivision
Elizabeth Port
Neighborhood
Elizabeth Port

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Listed by REALTY OF AMERICA

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.