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Two-Family Residential Income Property
New
For Sale
$759,000

954 Madison Ave 2, Elizabeth, NJ 07201

Two-unit house on a 165-foot lot with a 3-bedroom first floor and a 4-bedroom second floor.

Days on Market4

Property Features for 954 Madison Ave 2

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Public Transit Yes

Building Details

Year Built 9999
Listing Agency: JILL GUZMAN REALTY
Listed By: JILL GUZMAN · License #231513
Source: Elliman
Added: Jul 28 Changed: Jul 29 Last Checked: Jul 31 at 7:21AM

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 JILL GUZMAN REALTY

Investment Insights

Based on property information with market context.

This two-family residential income property is situated on a 165-foot lot. The first-floor apartment includes three bedrooms, a living room, a large formal dining room, an eat-in kitchen, and a porch. The second-floor unit features four bedrooms, providing a different layout and tenant rooming option within the same building.

The property is listed for sale at 954 Madison Ave 2 in Elizabeth City, NJ. WalkScore is 74 (Very Walkable), transitScore is 60 (Good Transit), and bikeScore is 50 (Bikeable).

From a practical standpoint, the building’s two distinct unit configurations—3 bedrooms with formal dining and an eat-in kitchen on the first floor, and four bedrooms upstairs—support diversified occupancy within one address.

Key Highlights

  • Two‑unit (2‑family) house on a 165‑foot lot
  • First‑floor unit has 3 bedrooms plus living room, large formal dining room, eat‑in kitchen, and porch
  • Second‑floor unit has 4 bedrooms

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Electrical Service Gym & Fitness Center Kitchen & Bath Showroom 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.

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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two-unit house on a 165-foot lot with a 3-bedroom first floor and a 4-bedroom second floor.
Where is this multifamily property located?
The property is located at 954 Madison Ave 2 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two‑unit (2‑family) house on a 165‑foot lot; First‑floor unit has 3 bedrooms plus living room, large formal dining room, eat‑in kitchen, and porch; Second‑floor unit has 4 bedrooms
More about this property
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