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$445,000
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Property Description
Fantastic 5 bedroom, 2 bathroom home fully renovated in 2024 offering space, a comfortable floor plan for everyday living, and great value. Enter into the first floor enclosed porch sitting room, a great place to relax and unwind, which leads into an open living and dining area that flows into a fully updated modern kitchen with stainless steel appliances and access to a large private backyard for outdoor enjoyment. Stay comfortable year round with central air and heat throughout. The charm continues upstairs where you will find five bedrooms and two full bathrooms across the second and third floors, including a primary bedroom with a sizable walk in closet. Both bathrooms have been thoughtfully updated. The partially finished basement offers flexibility for storage or an exercise space and includes a washer and dryer. The home is filled with natural light from multiple windows throughout. Conveniently located near Clinton Avenue shopping and dining, Weequahic Park, local bus lines, and just a short drive to Newark Penn Station for PATH and NJ Transit service into NYC. We invite you to stop by and see this great home!
Full Property Details
Full Property Details for 87 Madison Ave
General
- Price: $445,000
- Taxes: $7,478 (2025)
- Status: Active
- Type: Condo
- Source: Garden_State
- MLS ID: 4017058
- Updated: 3/26/2026
- Added to Site: 9 day(s) ago
Interior
- Number of Rooms: 11
- Lower Level: Laundry Room
- Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave, Gas Range and Oven, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Kitchen: Eat-In Kitchen
Location
- County: Essex
- Driving Directions: Peshine Ave adn Hunterdon Street
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: Colonial, Multi Floor Unit, Colonial
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Asphalt Shingles
- Year Built: 1910
- Remodeled/Updated: 2024
Lot Features
- Lot Size (Acres): 0.04
- Lot Size: 21.1 x 77.11
- Driveway/Sidewalk: None
Financial Considerations
- Assessment Amount: $187,000
- Land Assmt: $17,300
- Tax Amount: $7,478
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- APN: 1614-02661-0000-00058-0000-
- Block: 2661
- Lot Number: 58
Listed by Compass New Jersey Llc
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Schools
Schools serving 87 Madison Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Avon Avenue School 219 Avon Avenue, Newark, NJ 07108 | 7-8 | 0.2 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 0.4 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.6 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 0.4 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.5 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.4 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 0.8 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.9 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 87 Madison Ave
Date
Details
Price
Change
Source
3/26/2026
Listed
$445,000
11.25%
MLS
4/03/2024
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 87 Madison Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,112
69%
$187,000
66%
2022
$4,218
—
$112,900
—
2021
$4,216
33%
$112,900
—
2021
$3,178
-25%
$112,900
—
2019
$4,246
2%
$112,900
—
2018
$4,169
4%
$112,900
—
2017
$4,019
3%
$112,900
—
2016
$3,884
4%
$112,900
—
2015
$3,736
12%
$112,900
—
2013
$3,334
—
$112,900
—
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 87 Madison Ave
87 Madison Ave, Newark, NJ 07108 (MLS# 4017058) is a Condo property with 5 bedrooms and 2 full bathrooms. 87 Madison Ave is currently listed for $445,000 and was received on March 26, 2026. Want to learn more about 87 Madison Ave? Do you have questions about finding other Condo real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

