Active

$924,000

1013-1015 Madison Ave, Elizabeth City, NJ 07201

8beds

2,800sqft

$6,210/mo

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Multi Family

Built in 1924

-- sqft lot

$914,500 Zestimate^®

$330/sqft

$-- HOA

What's special

Finished basementFinished atticRoof and exterior upgradesStandout outdoor amenities

A must-see multifamily with generous space, abundant parking, and standout outdoor amenities! Well-maintained two-family offering approximately 2,800 sq. ft. across the main floors, plus a finished basement and attic. The first-floor unit features 3 bedrooms and 2 full baths, while the second floor offers 4 bedrooms and 1 bath. The finished basement includes 2 bonus rooms, a kitchenette, and a full bath; the finished attic adds 2 bonus rooms and another full bath?providing 7 bedrooms, 4 bonus rooms, and 5.5 baths throughout.Enjoy a private backyard with a full paver patio, a detached 2-car garage, and parking for 4 additional vehicles. An attached workshop with a brick pizza oven and barbecue adds a unique entertaining space. Roof and exterior upgrades complement this well-cared-for property.The first-floor unit will be delivered vacant at closing, making this an excellent opportunity for an owner-occupant seeking rental income or an investor seeking strong rental potential.

6 days
699
50

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5

Heating

2 Units, Baseboard - Electric, Electric, Natural Gas

Cooling

Wall Unit(s), Window Unit(s)

Appliances

Included: Dishwasher, Exhaust Fan, Range/Oven - Gas, Refrigerator, Stackable Washer/Dryer, Gas Water Heater

Features

Chandelier, Bedrooms, Den, Dining Room, Kitchen, Living Room, Eat-In Kitchen, Family Room, Ceiling Fan(s)
Flooring: Tile, Vinyl-Linoleum Floors, Wood
Basement: Yes,Finished,Full,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 2,800
Total interior livable area: 2,800 sqft

Property

Parking

Total spaces: 4
Parking features: 1 Car Width, Asphalt, Detached Garage
Garage spaces: 2
Uncovered spaces: 4

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Open Porch(es), Patio, Porch
Exterior features: Barbecue
Fencing: Wood

Lot

Size: 4,791 Square Feet
Dimensions: 33 x 150
Features: Level

Details

Additional structures: Workshop
Parcel number: 2904002040000000050000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Stone, Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1924
Major remodel year: 2014

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s), Carbon Monoxide Detector, Fire Alarm System, Smoke Detector, Fire Alarm Sys

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $330/sqft
Tax assessed value: $576,900
Annual tax amount: $11,636
Date on market: 10/3/2026
Total actual rent: 2200
Tenant pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Electric utility on property: Yes

Estimated market value

$914,500

$869,000 - $960,000

$3,639/mo

Price history

Date	Event	Price
10/2/2026	Listed for sale	$924,000+184.4%$330/sqft
Source: NJMLS #26037595 Report a problem
5/23/2014	Sold	$324,900$116/sqft
Source: GSMLS #3116814 Report a problem
2/5/2014	Listed for sale	$324,900$116/sqft
Source: CENTURY 21 Supreme Realty #3116814 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,100	$576,900
2024	$11,100	$576,900 +1418.2%
2023	--	$38,000
2022	$11,620 +104%	$38,000
2021	$5,697 -48%	$38,000
2020	$10,953 +1%	$38,000
2019	$10,846 +33.2%	$38,000
2018	$8,141 -22.8%	$38,000
2017	$10,544 +6.3%	$38,000
2016	$9,918 +3.1%	$38,000
2015	$9,620 +5.9%	$38,000
2014	$9,081 +5.6%	$38,000
2013	$8,603 -0.6%	$38,000
2012	$8,656 +7.6%	$38,000
2011	$8,045 +5%	$38,000
2010	$7,660 +7.1%	$38,000
2009	$7,152	$38,000