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Duplex with Finished Basement
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For Sale
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1013-1015 Madison Avenue, Elizabeth, NJ 07201

The first-floor residence is scheduled to be vacant at closing.

Property SizeContact for details
Days on Market4

Property Features for 1013-1015 Madison Avenue

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Multi Family 2-4 Units

Units

Unit Mix 1 x 3BR/2BA, 1 x 4BR/1BA
Multifamily Units 2

Amenities

private backyard with full paver patio
attached workshop with brick pizza oven and barbecue
Listing Agency: Corcoran Infinity Properties, Edgewater
Listed By: Sean Phalon
Source: Capmarkrealty
Added: Oct 4 Last Checked: Oct 5 at 3:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Infinity Properties, Edgewater

Investment Insights

Based on property information with market context.

This two-family property at 1013-1015 Madison Avenue has approximately 2,800 square feet across its main floors, with additional finished space in the basement and attic. The first-floor unit has three bedrooms and two full baths; the second-floor unit has four bedrooms and one bath. The basement contains two bonus rooms, a kitchenette, and a full bath, while the attic adds two more bonus rooms and a full bath. In total, the property has seven bedrooms, four bonus rooms, and five baths. The first-floor unit will be vacant at closing.

Outdoor and accessory features include a private backyard with a paver patio, a detached two-car garage, and parking for four additional vehicles. An attached workshop has a brick pizza oven and barbecue. Roof and exterior upgrades are also noted.

Key Highlights

  • Approximately 2,800 square feet across the main floors, plus finished basement and attic space
  • Two‑family layout with 3 bedrooms and 2 full baths on the first floor and 4 bedrooms and 1 bath upstairs
  • Finished basement and attic add 4 bonus rooms and 2 full baths

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Electrical Service Catering Service Gym & Fitness Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

877
Businesses Nearby

Demographics for 07201, NJ

29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - The first-floor residence is scheduled to be vacant at closing.
Where is this duplex located?
The property is located at 1013-1015 Madison Avenue Elizabeth, NJ.
What are key features of this property?
This property features: Approximately 2,800 square feet across the main floors, plus finished basement and attic space; Two‑family layout with 3 bedrooms and 2 full baths on the first floor and 4 bedrooms and 1 bath upstairs; Finished basement and attic add 4 bonus rooms and 2 full baths
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