Listing Details

115 Madison Ave,Elizabeth City, NJ 07201-2420

  • February 16, 2026

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!

Details

Last Updated On: February 16th, 2026 at 4:27 pm
Property ID:PT-28604620-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 639,900 $
Bedrooms:5
Year Built:1890

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 43.50X160 X IRR
Lot Identifier: 4
Lot Identifier: 4

Home Details

Open Parking: 5
Basement: Yes
Basmnt/Desc: Yes - Bilco-Style Door, Unfinished
Total Baths: 3.00
Unit Style: 3-Three Story
Number of Units: 2
Rooms: 11
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: AT CLOSING
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Ceiling Fan(s), Range/Oven - Gas
Unit 1 Levels: 3
Unit 1 Rooms: 10
Unit 1 Beds: 4
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 Room Description: Attic, Bedrooms, Den, Dining Room, Kitchen, Living Room
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 2 Levels: 1
Unit 2 Rooms: 4
Unit 2 Beds: 1
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Den, Kitchen, Living Room, Porch
Garage Description: None
Block Identifier: 305
County Number: 29
Town Number: 2904
YB/Desc: 1890 - Approximate
Easement: Unknown
Parking/Driveway Description: 1 Car Width, Driveway-Exclusive
Block Identifier: 305
County Number: 29
Town Number: 2904
Possession: AT CLOSING

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: 2 Units, Baseboard - Hotwater
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 2904-00305-0000-00004-0000-
Tax Amount: $10,630.00
Tax Year: 2024
Tax Rate: 1.924%
Tax Rate Year: 2025
Land Assessment: $203,700.00
Building Assessment: $348,800.00
Total Assessment: $552,500.00
FHA Age Restricted: No

Features

  • Carbon Monoxide Detector
  • FencVnyl
  • Fire Extinguisher
  • MetalFnc
  • Patio
  • Smoke Detector

Statistics

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