Under contract

$439,900

45 Madison St, Newton Town, NJ 07860

4beds

--sqft

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.

82 days

311

15

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

$2,405/mo

Price history

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

Public tax history

Year	Property taxes	Tax 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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified