Active
45-47 Magnolia Avenue
New Egypt NJ, 08533
$525,000
$250.48 per sqft
Active
4 Beds
3 Baths
2,096 sqft
Multi-family
Built in 1940
***Investment Opportunity*** Calling Contractors/Investors. Seize this rare opportunity to own 2 homes on 1 lot, perfect for mother/daughter, multi-generational living and/or rental income with potential for subdivision- 2 Detached Homes, 3 Kitchens, 4 beds, 3 full baths. 2000sf Garage, Shed & Private Outdoor Oasis! This exceptional property has public sewer/water, gas cooking, backed up to woods. Home 1-45 Magnolia is 660 sq ft featuring 2 bedrooms, laundry, kitchen, full bath, living room. Home 2-47 Magnolia is 1436 sq ft, divided into 2 units, each with a kitchen, full bath, bedroom, and living room, sharing a convenient laundry room. The property also includes a massive detached two-story garage that can fit 5-6 cars, with extra loft space perfect for a home gym, office, or studioendless possibilities for customization.
Enjoy the outdoors with a fenced-in yard, a charming gazebo, ideal for entertaining or relaxing. Short walk to the charming town of New Egypt and Laurita Winery.
Both homes share a spacious driveway, making this property not only versatile but also practical. With some TLC this is an opportunity not to be missed!
22501355
MLSⓇ ID
January 16, 2025
Listed
January 16, 2025
Updated
Map
45-47 Magnolia Avenue
New Egypt NJ, 08533
Interior Features
Total Stories
1
Bedrooms
4
Total Bathrooms
3
Full Bathrooms
3
Interior Features
Recessed Lighting
Fireplace
Yes
Cooling
Yes
Cooling Description
Multi Units
Heating
No
Exterior/Building Features
Lot Size
0.84 Acres
Exterior Features
Gazebo
Roof
Shingle
Sewer
Public Sewer
School Information
High School
New Egypt
Other Property Details
Area Name
New Egypt
Taxes
$6,586
Tax Frequency
Annually
Garage
Yes
Garage Spaces
6
Parking
Covered, Unpaved, Detached, Direct Access, Oversized, Storage, Workshop in Garage
View
No
County
Ocean
Water Source
Public
Pool
No
Courtesy of RE/MAX First Realty with Tracy Portaro,
Listing Contact: 732-359-2000
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Data last updated 2:46 AM UTC, 1/16/2025