Closed$2,500
TLC ≈ $270/mo
3 1 —
108 W Stimpson Avenue #2ndFl, Linden, NJ 07036
415 Magie Avenue, Elizabeth, NJ 07208
$780,000
0 beds 3 baths 2,760 sqft Built 19150 days on marketActive
About this home
Attention savvy buyers and investors! This is your rare opportunity to own a powerhouse income-generating property right in the heart of Elizabeth's highly coveted Elmora neighborhood. Perfectly positioned for maximum rental demand, this standout two-family home delivers incredible value, cash flow potential, and long-term appreciation at an unbeatable price point. The property features two spacious, light-filled units, each boasting a comfortable 3-bedroom, 1-bathroom layout. Adding massive value to the building is a versatile basement complete with its own full bathroom, offering excellent flexibility. Commuters will absolutely love the unbeatable location, situated just moments from easy NYC transportation, making transit a breeze. Nestled near highly regarded local schools, shopping, and dining, this property is positioned in a vibrant, high-demand rental market. Whether you want to add a premier multi-family asset to your investment portfolio or live in one unit while letting the other pay your mortgage, this is a rare opportunity to build long-term wealth at an incredible price point. Opportunities like this in Elmora do not last long-schedule your tour today and secure your next great investment before it's gone!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$7,194/mo
- Real estate (PITI + HOA + PMI)
- $7,011
- Utilities
- $495
- Transportation
- $157
- Other (entertainment)
- $143
Principal + interest$5,025
Property tax + insurance$1,693
PMI / 2nd mortgage$293
Heating + cooling$118
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$157
Budget$7,694/mo
Remaining after TLC$500/mo
Purchase price
$780,000
Down payment
$39,000 (5%)
Loan amount
$741,000
APR
7.19%
Quick facts
Type
2 Family
Style
—
Year built
1915
Lot size
—
Stories
2
Heating
Baseboard, See Remarks
Cooling
A/C Window Unit(s),See Remarks
Water
Public
HOA
—
Annual tax
$10,589
MLS #
2700711R
County
Union
At a glance
Basement
Home features
Appliances
Water Heater(See RemarksGas)Unit 1(Range/Oven)Unit 2(Range/Oven)
Interior
Unit 1(3 BedroomsKitchen1 BathLiving Room)Unit 2(3 BedroomsKitchen1 BathLiving Room)
Parking
4(+)Car Parking
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Shopping, See Remarks
Neighborhood — 07208
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 33,106 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 18.00% | 14.00% | 20.00% |
| Population Density | 17,712 | 1,137 | — |
| Male | 16,215 | 4,307,827 | 147,432,321 |
| Female | 16,891 | 4,525,010 | 151,655,844 |
| Never Married | 9,109 | 1,965,811 | 63,775,926 |
| Married | 10,914 | 3,647,435 | 123,120,365 |
| Separated | 2,118 | 391,239 | 12,639,686 |
| Widowed | 1,693 | 515,172 | 15,467,586 |
| Divorced | 2,256 | 529,393 | 23,075,029 |
| Number Of House Hold | 11,829 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.74 | 2.73 | 2.60 |
| Medial Age | 33.62 | 37.15 | 35.46 |
| Median House Hold Income | $43,814 | $63,392 | $48,276 |
| Average House Hold Income | $55,906 | $83,312 | $63,629 |
| P C I | $21,095 | $30,662 | $24,529 |
| M D I | $38,112 | $52,505 | $41,133 |
| A T H E | $46,968 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 76.39% | 81.02% | 77.74% |
(Zip) Code
7208
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 7/15/2026. Provided courtesy of KELLER WILLIAMS WEST MONMOUTH via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.