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$445,000 Just Listed
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Property Description
Spacious, fully renovated in 2024, and move-in ready, this 5 bedroom, 2 bathroom home offers the space today's buyers are looking for at an exceptional value. Start your day in the enclosed front porch sitting room, a welcoming space to relax, work from home, or enjoy your morning coffee. The open living and dining areas flow seamlessly into the beautifully updated kitchen featuring stainless steel appliances and direct access to a large private backyard, perfect for entertaining, gardening, or simply enjoying the outdoors. Central air and heat provide year-round comfort throughout the home. Upstairs, you'll find five generously sized bedrooms spread across the second and third floors, including a primary bedroom with a sizable walk-in closet, along with two thoughtfully updated full bathrooms. The partially finished basement offers additional flexibility for storage, a home gym, recreation space, and includes a washer and dryer. Filled with natural light and conveniently located near Clinton Avenue shopping and dining, Weequahic Park, local bus routes, and Newark Penn Station with PATH and NJ Transit service to NYC, this home combines space, convenience, and value in one attractive package. Come see why so many buyers are searching for a home just like this.
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: 4035750
- Updated: 6/19/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 11
- Appliances: Carbon Monoxide Detector, Dishwasher, Microwave, Gas Range and Oven, Refrigerator
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 and 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
- Disclosures: Yes
- APN: 1614-02661-0000-00058-0000-
- Block: 2661
- Lot Number: 58
Listed by Compass New Jersey Llc
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Price & Sales History for 87 Madison Ave
Date
Details
Price
Change
Source
6/19/2026
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# 4035750) is a Condo property with 5 bedrooms and 2 full bathrooms. 87 Madison Ave is currently listed for $445,000 and was received on June 19, 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.

