$5,225 Closing Credit¹
#22503835, Joseph Spinella, Listing Office: Keller Williams Realty Monmouth/Ocean
$500,000 List price
45-47 Magnolia Ave New Egypt, NJ 08533
$5,938
Closing credit¹
4 beds
3 full
2,096 sqft
0.8 acres
$239 / sqft
Multi-Family
Property details
About 45-47 Magnolia Ave
***Investment Opportunity*** Priced to sell.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!
Highlights
Home typeMulti Family
StatusActive
CoolingMulti Unit(s)
Size2,096 sqft
Lot size0.84 Acres
Year built1940
ParkingCovered, Unpaved, Detached, Direct Access, Oversized, Storage, Workshop in Garage
MLS #22501355
Garage6 spaces
Summary
- MLS Number: 22501355
- MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
- Office Name: RE/MAX First Realty
- Listing Agent: Tracy Portaro
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$500,000
45-47 Magnolia Ave
$5,938
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
6
Dr. Gerald H. Woehr Elementary School
Public District 2-5
0.4 mi
•44 N Main St
4
Endeavour Elementary School
Public District PK-4
3.3 mi
•1 School House Rd
4
North Hanover Township Upper Elementary School
Public District 5-6
3.4 mi
•351 Monmouth Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,262. The majority of New Egypt, NJ residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
26%
<35k
66%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
15%
Single, with Kids
23%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
10%
12-17 yrs old
22%
18-34 yrs old
43%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Motocross
Extreme Sports
Where do the neighbors shop?
Dollar General
GameStop
Academy Sports & Outdoors
Where do the neighbors go to eat?
Cracker Barrel
Sonic
Little Caesars
What do the neighbors drive?
Ram
Jeep
Chevrolet
What do the neighbors listen to?
Classic Country- Country
Adult Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 45-47 Magnolia Ave in New Egypt, NJ and zip code 08533. This 2,096 square foot home, which was built in 1940, sits on a 0.84 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $500,000.
In January 2025 more than 1 listings in New Egypt, NJ were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 4 were sold below. Between December and January 2025, New Egypt, NJ real estate market has seen decrease in the number of listings by 7%. While the average time on the market in January 2025 was 24 days, the median list price was $575,520.
From Rocket Homes Real Estate and based on county public records data.