20 Madison St Newton, NJ 07860
Estimated payment $2,733/month
About This Home
Welcome to this beautifully maintained Victorian two-family home, perfectly positioned in the vibrant downtown of Newton, NJ. This character-rich property offers two spacious one-bedroom units, both fully occupied with long-term tenants, making it an excellent investment opportunity with below-market rents and strong upside potential.Enjoy classic charm with modern conveniences, including a private driveway with ample parking, a welcoming open-air front porch, and a back deck ideal for outdoor relaxation. The full basement provides generous storage space, while both units are serviced by natural gas, public water, and public sewer.Situated just a short walk to local shops, cafes, and restaurants, and only minutes to major retailers and conveniences. Residents of Newton enjoy unique perks like free preschool, complimentary pool memberships, and a full calendar of free community events and recreational programs adding incredible lifestyle value.Whether you're an investor seeking stable cash flow with room to grow, or a homeowner looking for rental income to offset your mortgage, this property is a rare find in one of Sussex County's most desirable walkable towns. Don't miss your chance to own a piece of Newton's charm schedule your private showing today!
Listing Agent
RACHEL BUCCI
EXP REALTY, LLC Brokerage Phone: 201-674-5216 Listed on: 04/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,239
Year Built
- Built in 1900
Parking
- 6 Parking Spaces
Home Design
- Slate Roof
- Composition Shingle
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deck
- Porch
Schools
- Merriam Av Elementary School
- Halsted St Middle School
- Newton High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Multiple Heating Units
- Standard Electricity
- Gas Water Heater
Additional Features
- Basement Fills Entire Space Under The House
- 8,276 Sq Ft Lot
Community Details
- Net Operating Income $999
Listing and Financial Details
- Assessor Parcel Number 2815-00008-0007-00014-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,239 | $357,000 | $81,300 | $275,700 |
| 2024 | $7,595 | $338,800 | $69,500 | $269,300 |
| 2023 | $7,595 | $169,000 | $64,500 | $104,500 |
| 2022 | $7,625 | $169,000 | $64,500 | $104,500 |
| 2021 | $7,591 | $169,000 | $64,500 | $104,500 |
| 2020 | $7,475 | $169,000 | $64,500 | $104,500 |
| 2019 | $7,243 | $169,000 | $64,500 | $104,500 |
| 2018 | $7,204 | $169,000 | $64,500 | $104,500 |
| 2017 | $7,162 | $169,000 | $64,500 | $104,500 |
| 2016 | $7,047 | $169,000 | $64,500 | $104,500 |
| 2015 | $6,861 | $169,000 | $64,500 | $104,500 |
| 2014 | $6,719 | $169,000 | $64,500 | $104,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Pending | -- | -- | -- |
| 04/25/2025 04/25/25 | For Sale | $375,000 | -- | -- |
Source: Garden State MLS
MLS Number: 3958008
APN: 15-00008-07-00014
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