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Duplex with Newer Roof
For Sale
$639,900
Pending

115 Madison Ave, Elizabeth, NJ 07201

Multi-Family, 3-Three Story, Elizabeth City, NJ

Property SizeContact for details
Days on Market59

Property Features for 115 Madison Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2
Parking 5
Patio and Porch features Patio
Interior features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Exterior features MetalFnc, Patio, FencVnyl
Fencing Fenced
Directions E-Jersey Street to Madison Ave
Standard status Pending

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11143

Utilities

Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating)
Water source Public

Building Details

Year built 1890
Floors in Building 3
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: REAL
Listed By: JORGE CASALINS
Added: Jun 25 Changed: Aug 19 Last Checked: Aug 22 at 5:06AM
MLS# 4036929

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-family duplex offers a front unit with multi-level living plus a finished walk-up attic and a rear unit with a 1-bedroom plus den layout. The front unit includes 4 bedrooms and 2 full baths across the first and second floors, with 2 additional rooms in the finished walk-up attic. The rear unit is configured as a comfortable 1-bedroom plus den. Interior finishes include a mix of hardwood and laminate flooring.

The home includes separate gas and electric meters for each unit. It has a deep driveway, vinyl siding, a patio, and fenced exterior areas. Heating is provided by baseboard and hot-water heating, with a shingle roof and public water and public sewer service.

The property was built in 1890, and the roof was replaced in August 2022. Carbon monoxide detectors, smoke detectors, and a fire extinguisher are noted among the interior features. Sold AS-IS as an estate sale.

Key Highlights

  • Front unit has 4 bedrooms and 2 full baths plus a finished walk‑up attic with 2 additional rooms
  • Rear unit is a 1‑bedroom plus den layout
  • Separate gas and electric meters for each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service Pet Store Pet Store & Service Restaurant

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,504
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family residence with separate gas and electric meters, a deep driveway, patio, and a roof replaced in 2022.
Where is this duplex located?
The property is located at 115 Madison Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Front unit has 4 bedrooms and 2 full baths plus a finished walk‑up attic with 2 additional rooms; Rear unit is a 1‑bedroom plus den layout; Separate gas and electric meters for each unit
More about this property
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