$375,000

20 Madison St Newton, NJ 07860

Estimated payment $2,859/month

Total Views 1,402
2 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • Deck
  • Porch

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

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-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,239

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1900
  • Year Built Description: Approximate
  • County Name: Sussex
  • Street Number Display: 20
  • Directions: Newton Sparta Rd to Madison St
  • I D: 5352469
  • Modified: 2025-04-25
  • Number Images: 28
  • Attribution Contact: 201-674-5216
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector
  • Total Number Rooms: 8
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Full, Unfinished

Exterior Features

  • Exterior Description: Composition Shingle
  • Exterior Features: Deck, Open Porch(es)
  • Roof Description: Asphalt Shingle, Slate

Garage/Parking

  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: MERRIAM AV
  • Middle School: HALSTED ST
  • High School: NEWTON
  • High School: NEWTON
  • Middle Jr High School: HALSTED ST

Lot Info

  • Lot Size: 00000.189 AC.
  • Assessed Improvement Value: 275700
  • Assessed Land Value: 81300
  • Assessment: 357000
  • Easement: Unknown
  • Lot Identifier: 14
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.19

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9239
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2815-00008-0007-00014-0000-
  • Tax Rate Amount: 2.727
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 2

MLS Schools

  • Grade School: MERRIAM AV

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $375,000 -- --
Source: Garden State MLS

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Source: Garden State MLS

MLS Number: 3958008

Garden State MLS

APN: 15-00008-07-00014