Great Opportunity in Margate, NJ! Enjoy two properties for the price of one or rebuild to your own liking in a sensational area in Margate, NJ. It doesn't get any better than this at the shore with 3100 sq ft of livable space just 100 yards from gleaming bay views and steps from local 5-star restaurants. Only a few blocks to the beach, one block to Longport, and a short drive to Ocean City, Somers Point, and Atlantic City’s magic and nightlife. The front building features a welcoming porch, a cozy living room with fireplace, a small dining area, and an updated kitchen with a deck for outdoor enjoyment. Upstairs offers a spacious bedroom with a master bath and a loft with a trundle bed. The back building includes 3 bedrooms (possible 4th), 1.5 baths, and is tenant-occupied at $1,700/month, providing instant income. The lot size is ideal for investors looking to rebuild and create their Margate dream home in a prime location near the bay and beach.
Sold for $1,249,000
Street View
$1,249,000
206 N Madison Ave, Margate, NJ 08402
1beds
3,118sqft
Single Family Residence
Built in 1925
6,250 Square Feet Lot
$1,328,800 Zestimate®
$401/sqft
$2,455 Estimated rent
Home value
$1,328,800
$1.18M - $1.50M
$2,455/mo
Zestimate® history
Owner options
List your home for rent
$2,455/mo
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$2,455/mo
Rent Zestimate®
Refinance and save
$8,814/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$8,814/mo
Est. payment
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List your homeWhat's special
Updated kitchenDeck for outdoor enjoymentWelcoming porch
Zillow last checked:
Listing updated:
Listed by:
Ed Marrone 856-491-0988,
RE/MAX Preferred - Sewell
Bought with:
NON MEMBER, 0225194075
Non Subscribing Office
Source: Bright MLS,MLS#: NJAC2019646
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Instant Hot Water, Tankless Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,118
- Total interior livable area: 3,118 sqft
- Finished area above ground: 3,118
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 6,250 Square Feet
- Dimensions: 50.00 x 125.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 160043000504
- Zoning: WSD
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Block
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Margate
- Municipality: MARGATE CITY
Financial & listing details
- Price per square foot: $401/sqft
- Tax assessed value: $559,000
- Annual tax amount: $9,547
- Date on market: 7/8/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Sold | $1,249,000$401/sqft |
Source:  Bright MLS #NJAC2019646 Report a problem | ||
| 7/16/2025 | Pending sale | $1,249,000$401/sqft |
Source:  SJSRMLS #598101 Report a problem | ||
| 7/12/2025 | Contingent | $1,249,000$401/sqft |
Source: Bright MLS #NJAC2019646 Report a problem | ||
| 7/8/2025 | Listed for sale | $1,249,000$401/sqft |
Source: Bright MLS #NJAC2019646 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,548 | $559,000 |
| 2024 | $9,548 +3.5% | $559,000 |
| 2023 | $9,224 +6% | $559,000 |
| 2022 | $8,698 +0.5% | $559,000 |
| 2021 | $8,653 +0.4% | $559,000 |
| 2020 | $8,620 +295.1% | $559,000 |
| 2019 | $2,182 | $559,000 |
| 2018 | $2,182 -75.1% | $559,000 |
| 2017 | $8,748 +5.2% | $559,000 |
| 2016 | $8,318 +1.9% | $559,000 |
| 2015 | $8,161 -0.3% | $559,000 |
| 2014 | $8,184 +6.6% | $559,000 |
| 2013 | $7,675 +2.9% | $559,000 |
| 2012 | $7,457 +4.4% | $559,000 |
| 2011 | $7,144 +2.5% | $559,000 |
| 2010 | $6,971 +3.1% | $559,000 |
| 2009 | $6,764 +2.5% | $559,000 |
| 2008 | $6,596 -2% | $559,000 |
| 2007 | $6,730 | $559,000 |
| 2006 | -- | $559,000 +140.3% |
| 2005 | -- | $232,600 |
| 2004 | -- | $232,600 |
| 2003 | -- | $232,600 |
| 2002 | -- | $232,600 |
| 2001 | -- | $232,600 |
Find assessor info on the county website
Neighborhood: 08402
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Nearby schools
GreatSchools rating
- 8/10William H. Ross III Intermediate SchoolGrades: PK-4Distance: 1.1 mi
- 9/10Eugene A Tighe Middle SchoolGrades: 5-8Distance: 1.2 mi
Schools provided by the listing agent
- District: Margate City Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,328,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,328,800
- New Jersey
- Atlantic County
- Margate City
- 08402
- 206 N Madison Ave
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