Date
Details
Price
Change
Source
2/16/2026
Listed
$639,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$639,900 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 115 Madison Ave
General
- Price: $639,900
- Taxes: $10,630 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4009970
- Updated: 2/16/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: MetalFnc, Patio, FencVnyl
Parking
- Garage Description: None
Location
- County: Union
- Driving Directions: E-Jersey Street to Madison Ave
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 2 Units, Baseboard - Hotwater
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Unfinished
- Roof: Asphalt Shingles
- Year Built: 1890
Unit Information
Unit 1
- Unit Description: Attic, Bedrooms, Den, Dining Room, Kitchen, Living Room
- Levels/Stories: 3
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Unit Description: Bedrooms, Den, Kitchen, Living Room, Porch
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Dimensions: 43.50 x 160 x IRR
- Driveway/Sidewalk: 1 Car Width, Driveway-Exclusive
Financial Considerations
- Assessment Amount: $348,800
- Land Assmt: $203,700
- Tax Amount: $10,630
- Tax Year: 2024
Disclosures and Reports
- Exclusions: 2nd Floor Microwave excluded
- Disclosures: Yes
- Block: 305
- Lot Number: 4
Listed by Real
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 115 Madison Ave —
Real
908-220-7151
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 115 Madison Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Number 2, Winfield Scott Elementary School 125 Madison Avenue, Elizabeth, NJ 07201 | PK-8 | 0 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.1 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.1 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.3 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.4 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 0.6 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 Madison Ave
Tax History
Tax History for 115 Madison Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,630
11%
$552,500
—
2023
$9,586
3%
$552,500
1711%
2022
$9,327
—
$30,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 Madison Ave
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Listed by Weichert Realtors
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- Active
- Updated 3 days ago
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- Multi-Family
- Closed
- 6Total Beds
Listed by United Real Estate
Sold by Realty Mark Central
Sold by Realty Mark Central
115 Madison Ave, Elizabeth, NJ 07201 (MLS# 4009970) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 115 Madison Ave is currently listed for $639,900 and was received on February 16, 2026. Want to learn more about 115 Madison Ave? Do you have questions about finding other Multi-Family real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.