115 Madison Ave Elizabeth, NJ $ 639,900
115 Madison Ave
$ 639,900
Recently Listed
Open House 2/22 1pm - 4pm
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115 Madison Ave

Elizabeth, NJ, 07201
$ 639,900
Bedrooms5 Baths3.0

Monthly Estimate*

$ 3,940

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Multi-Family Home for sale in Elizabeth, NJ

for $639,900 with 5 bedrooms and 3 full baths. This home was built in 1890.

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!

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Open House

2/22/2026 1:00 PM - 4:00 PM
115 Madison Ave Elizabeth, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 639,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 10,630

Style

3-Three Story

Year Built

1890

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4009970

Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher Smoke Detector
Basement Bilco-Style Door Unfinished
Unit 1 Baths Total 2.0
Unit 1 Beds Total 4
Unit 2 Baths Total 1.0
Unit 2 Beds Total 1
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 5
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General
Sewer Public Sewer
Heating 2 Units Baseboard - Hotwater
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession AT CLOSING
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 0
Architectural Style 3-Three Story
Exclusions 2nd Floor Microwave excluded
Year Built 1890
Garage None
Township Elizabeth City
Tax Year 2024
Gross Income 0
County Union
Net Operating Income 0
Operating Expense 0
Total Rooms 11
Full Baths 3
Status Active
Directions E-Jersey Street to Madison Ave
Open Parking Spaces 5
Number Of Units Total 2
Tax Annual Amount 10630
Drive 1 Car Width Driveway-Exclusive
Standard Status Active
Tax Assessed Value 552500
Town # 2904
Tax Lot 4
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Exterior
Exterior Amenities MetalFnc Patio FencVnyl
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 43.50X160 X IRR
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* Excluded Features
List By
JORGE CASALINS

Listing Agent

Real

Broker

jorge@jorgecasalins.com

Email

Affordability Calculator

$4,826
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,940
Monthly Property Taxes
$886
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/16/2026$639,900 Listed Price

Map


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115 Madison Ave, Elizabeth, NJ, 07201 is a Multi-Family Home for sale at $639,900. 115 Madison Ave has 5 bedrooms, 3.0 baths, and was built in 1890. The property's zip code is 07201 which is in Elizabeth, NJ