514 Madison Ave Elizabeth, NJ 07201
Downtown Elizabeth NeighborhoodEstimated payment $4,511/month
About This Home
Exceptional Investment Opportunity Solid three-family property situated on an oversized lot in a prime area of town. Each unit offers 2 bedrooms, a full kitchen, and a full bath. The exterior has been fully updated, minimizing upfront capital expenditures. Interiors require renovation—ideal for value-add investors looking to maximize cash flow or reposition for resale. Strong rental upside with multiple income streams. Strategically located near NYC, major airports, and key transit hubs. Rare to find this combination of location, lot size, and potential. Act quickly—this wonâ€TMt last.
Listing Agent
Christie's International Real Estate Group-Mahwah/Saddle River Regional Office Listed on: 06/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,432
Lot Details
- 6,103 Sq Ft Lot
- Lot Dimensions are 55x109
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 20 / 254
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2025 11/04/25 | Pending | -- | -- | -- |
| 09/10/2025 09/10/25 | Price Changed | $700,000 | -6.7% | -- |
| 06/30/2025 06/30/25 | For Sale | $750,000 | -- | -- |
Source: New Jersey MLS
MLS Number: 25022793
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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Ask me questions while you tour the home.