Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    514 Madison Ave Elizabeth, NJ 07201

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $700,000

    Three-family property with renovation potential near NYC and transit.

    Lot size:
    0.14 Acres

    Property Features for 514 Madison Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1900

    Source: CHRISTIE'S INT. REAL ESTATE GROUP Agent HELEN MARTINO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Family Property on Oversized Lot

    This three-family property is located on an oversized lot in a prime area. Each unit features 2 bedrooms, a full kitchen, and a full bath. The exterior has been fully updated. The interiors require renovation, presenting an opportunity for value-add investors to maximize cash flow or reposition for resale. The property is strategically located near NYC, major airports, and key transit hubs, offering strong rental upside with multiple income streams.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.207383
    Latitude
    40.672444

    Nearby Similar for Sale

    • $625,000
      0.06 Acres

      Elizabeth City Multi-Family Property

      Multi-family property for sale in Elizabeth City, New Jersey.
      931 Anna St, Elizabeth, NJ 07201
      View Details
    • $629,900
      1,732 SF

      Two-Family Home, Elizabeth Port

      Spacious two-family home with rental income potential near transportation.
      327 Fulton St, Elizabethport, NJ 07206
      View Details
    • $649,000
      2,160 SF

      Renovated Two-Family Home Near EWR

      Turn-key investment opportunity near Newark Airport and major transportation.
      216 Delaware St, Elizabethport, NJ 07206
      View Details
    • $749,000

      Income-Generating Multi-Family Home

      Two-family home with bonus unit in desirable Peterstown section.
      336 John St, Elizabeth, NJ 07202
      View Details
    • $880,000
      Pending

      Well-Maintained Multi-Family Home

      Two-family home in Elmora, Elizabeth with income potential.
      118 Murray St, Elizabeth, NJ 07202
      View Details
    • $749,999
      Pending

      Elizabeth City Fourplex Investment Opportunity

      Fully occupied four-unit multifamily property in a prime Elizabeth location.
      316-318 John St, Elizabeth, NJ 07202
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three-family property with renovation potential near NYC and transit.
    Where is this multifamily property located?
    The property is located at 514 Madison Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime location with proximity to NYC, major airports, and key transit hubs.; - Strong rental upside with multiple income streams.; - Oversized lot.
    (201) 962-9555
    Request Owner's contact information
    514 Madison Ave Elizabeth, NJ 07201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    514 Madison Ave
    Elizabeth, NJ 07201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Madison Ave Elizabeth, NJ 07201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.