Under Contract Multi-Family MLS# 4036929

115 Madison Ave

Elizabeth City, NJ 07201

$639,900

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About 115 Madison Ave

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! Estate Sale, property is being sold AS-IS.

Property details

Property

Type
multi
Year built
1890
List date
Jun 25, 2026

Schools

District
Elizabeth City School District

Location

Subdivision
Midtown Elizabeth
Neighborhood
Midtown Elizabeth

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Listed by REAL

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.