45-47 Magnolia Avenue, New Egypt, NJ 08533

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Pending

$500,000

bedrooms

bathrooms

square feet

2,096

Acreage

0.84

Open Houses

year built

1940

Full Baths

Half Baths

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***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!

Location
Subdivision	-
County	Ocean
Elementary School	-
Middle School	New Egypt
High School	New Egypt

Driving directions

Open houses

None scheduled.

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MLS number: 22501355

Listing agent: Tracy Portaro

Listing broker: Re/Max First Realty (732) 359-2000

Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 2:29 p.m. EDT

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