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!
115 Madison Ave, Elizabeth City NJ 07201-2420
Property City
Elizabeth City
Property Price
$639,900
Bedrooms
5
Year Built
1890
Tax Annual Amount
$10630
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle
MLS Status
Active
MLS #
4009970
Yearly Tax Rate
1.924
Year Built (*numeric)
1890
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
0
Heating
2 Units, Baseboard - Hotwater
Lot Size Dimensions
43.50X160 X IRR
Data import from
GSMLS