Under contract

$639,900

115 Madison Ave, Elizabeth City, NJ 07201

5beds

--sqft

$4,175/mo

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Multi Family

Built in 1890

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Deep drivewayMulti-level living experienceDurable laminate flooringSpacious layout

Rare investment opportunity in Elizabeth!This expansive two-family residence features a spacious layout with significant value-add potential.The front unit offers a multi-level living experience with 4 bedrooms and 2 full baths across the first and second floors, complemented by a finished walk-up attic with 2 additional rooms. The rear unit provides a comfortable 1-bedroom plus den configuration. Interior highlights include a mix of classic hardwood and durable laminate flooring. Practical features include a deep driveway, vinyl siding for low maintenance, and a roof recently replaced in August 2022. Each unit is serviced by separate gas and electric meters. Perfectly situated for commuters, close proximity to NJ Transit, Newark Airport, I-95, and local shopping/dining. This is a unique property where you can live in a large owner's unit with 3 levels and plenty of space and still get rent out of the second, rear unit! Estate Sale, property is being sold AS-IS.

85 days
190
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

2 Units, Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Gas, Refrigerator, Gas Water Heater

Features

Attic, Bedrooms, Den, Dining Room, Kitchen, Living Room, Ceiling Fan(s)
Basement: Yes,Bilco-Style Door,Unfinished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 5
Parking features: 1 Car Width, Driveway-Exclusive
Uncovered spaces: 5

Features

Levels: 3-Three Story
Stories: 3
Patio & porch: Patio, Porch

Lot

Dimensions: 43.50 x 160 x IRR

Details

Parcel number: 2904003050000000040000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1890

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Location

Region: Elizabeth

Financial & listing details

Tax assessed value: $552,500
Annual tax amount: $11,143
Date on market: 6/29/2026
Exclusions: 2nd Floor Microwave excluded
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$2,135/mo

Price history

Date	Event	Price
7/31/2026	Pending sale	$639,900
Source: GSMLS #4036929 Report a problem
6/29/2026	Listed for sale	$639,900
Source: GSMLS #4036929 Report a problem
4/17/2026	Listing removed	$639,900
Source: GSMLS #4009970 Report a problem
3/13/2026	Pending sale	$639,900
Source: GSMLS #4009970 Report a problem
2/16/2026	Listed for sale	$639,900+652.8%
Source: GSMLS #4009970 Report a problem
11/29/1993	Sold	$85,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$10,630	$552,500 +1711.5%
2023	--	$30,500
2022	$9,327 +104%	$30,500
2021	$4,573 -48%	$30,500
2020	$8,791 +1%	$30,500
2019	$8,706 +33.2%	$30,500
2018	$6,534 -22.8%	$30,500
2017	$8,463 +6.3%	$30,500
2016	$7,960 +3.1%	$30,500
2015	$7,721 +5.9%	$30,500
2014	$7,289 +4.9%	$30,500
2012	$6,947 +7.6%	$30,500
2011	$6,457 +5%	$30,500
2010	$6,148 +7.1%	$30,500
2009	$5,741	$30,500
2008	--	$30,500