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Under contract
    • $439,900

    45 Madison St, Newton Town, NJ 07860

    4beds
    --sqft
    : 
    $3,153/mo
    Get pre-qualified
    Multi Family
    Built in 1872
    -- sqft lot
    $437,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Functional layoutsComfortable living space
    Well-maintained two-family home located in desirable Newton. Both units are currently tenant-occupied, making this an excellent opportunity for investors or buyers looking for immediate rental income. Each unit offers comfortable living space with functional layouts and strong rental potential. Conveniently located near local shops, restaurants, public transportation, and major highways. A great opportunity to own a multi-family property in a sought-after area.
    130 days
    |
    47
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Donnarumma 973-930-7711,

    United Real Estate

    Source: GSMLS,MLS#: 4020242MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Radiators - Hot Water, Oil Tank Above Ground - Inside
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Range/Oven - Electric, Refrigerator
      Features
      • Bedrooms, Kitchen, Living Room
      • Basement: Yes,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: 1 Car Width
      • Uncovered spaces: 4
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck
      Lot
      • Size: 3,920 Square Feet
      • Dimensions: 00000.093 AC.
      Details
      • Parcel number: 2815000140004000390000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding
      • Roof: Asphalt Shingle
      Condition
      • Year built: 1872
      • Major remodel year: 2020

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected

      Community & HOA

      Location
      • Region: Newton

      Financial & listing details

      • Tax assessed value: $353,300
      • Annual tax amount: $9,274
      • Date on market: 4/13/2026
      • Exclusions: Washer / Dryer owned by Tenant
      • Total actual rent: 3514
      • Tenant pays: Electricity, Tenant Pays Electric
      • Electric utility on property: Yes

        Estimated market value

        $437,700

        $416,000 - $460,000

        $2,248/mo

        Price history

        DateEventPrice
        6/20/2026Pending sale$439,900
        Source: GSMLS #4020242 Report a problem
        4/13/2026Listed for sale$439,900+231.6%
        Source: GSMLS #4020242 Report a problem
        7/19/2020Listing removed$1,600
        Source: STONYBROOK REALTY NJ LLC #3645277 Report a problem
        7/2/2020Listed for rent$1,600
        Source: STONYBROOK REALTY NJ LLC #3645277 Report a problem
        5/28/2020Sold$132,650-21.9%
        Source: GSMLS #3610764 Report a problem
        4/11/2020Price change$169,900-5.1%
        Source: Weichert Realtors #3610764 Report a problem
        1/20/2020Listed for sale$179,000
        Source: Weichert Realtors #3610764 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,405 +1.4%$353,300 +3.9%
        2024$9,275 +47%$340,100 +142.2%
        2023$6,310 -0.4%$140,400
        2022$6,335 +0.4%$140,400
        2021$6,307 -24.5%$140,400 -28%
        2020$8,358 +0.5%$195,000
        2019$8,313 +0.6%$195,000
        2018$8,264 +1.6%$195,000
        2017$8,132 +2.7%$195,000
        2016$7,917 +2.1%$195,000
        2015$7,753 -0.2%$195,000
        2014$7,772 +2.3%$195,000 -14.8%
        2013$7,596 $228,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 07860

        Getting around

        81 / 100
        Very Walkable
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Merriam Av
        • Middle: Halsted St
        • High: Newton

        Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

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