$780,000

311 Magnolia St Highland Park, NJ 08904

Estimated payment $5,960/month

Total Views 3,258
-- Bed
-- Bath
3,579 Sq Ft
$218 Price per Sq Ft

Highlights

  • Property is near shops
  • Highland Park High School Rated A
  • Baseboard Heating

About This Home

RARE opportunity to own a well-maintained four-family in Highland Park, NJ! Fully tenant-occupied for $6250/mo with plenty of room to raise the rents and add value. Great location around the block from downtown Highland Park, where Raritan Ave features a wide variety of shops and restaurants. Enjoy a quiet block while just 1 mile from Rutgers University, Johnson & Johnson World Headquarters, RWJ Hospital, and New Brunswick train station with a direct train into NYC, Princeton Junction, and more. Parking is available for all units in the back. Laundry is accessible to all units in the basement. Passed NJ state inspection a few months ago. Solar panels power the common areas & two front units, loan for solar panels to be transferred to buyer. Selling AS-IS

Listing Agent

Madeline Delayo

TVERDOV HOUSING

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,382

Year Built

  • Built in 1925

Lot Details

  • 5,249 Sq Ft Lot
  • Lot Dimensions are 150.00 x 35.00

Parking

  • Paved Parking

Interior Spaces

  • 3,579 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Location

  • Property is near shops

Utilities

  • No Cooling
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,382

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: 4 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1205
  • Lot Size: 150.00 x 35.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1925
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Electric,Water), Unit 2 Owner Pays(Electric,Water), Unit 3 Owner Pays(Water), Unit 4 Owner Pays(Water)
  • Has Basement: Full, Laundry Facilities
  • Interior Amenities: Unit 1(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 2(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 3(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 4(1 Bedroom,Kitchen,1 Bath,Living Room)
  • Living Area: 3579
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, See Remarks

Garage/Parking

  • Parking Features: 4(+)Car Parking, Paved

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 5249

Rental Info

  • Lease Term: Unit 1(Month-Month)

Tax Info

  • Tax Annual Amount: 19382
  • Tax Year: 2024

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 For Sale $780,000 +27.9% $218 / Sq Ft
02/17/2021 02/17/21 Sold $610,000 0.0% $180 / Sq Ft
02/17/2021 02/17/21 Sold $610,000 -2.4% $180 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
01/15/2021 01/15/21 Pending -- -- --
11/11/2020 11/11/20 For Sale $624,888 +2.4% $185 / Sq Ft
08/21/2020 08/21/20 For Sale $610,000 -- $180 / Sq Ft
Source: All Jersey MLS

Source: All Jersey MLS

MLS Number: 2511721R

All Jersey MLS