NOT LISTED FOR SALE

514 Madison Ave Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood
6 Beds
3 Baths
-- Sq Ft
6,103 Sq Ft Lot

Sale Details

Date Sold: April 17, 2026

Last sale price $595,000

127 Days on Market

About This Home

As of April 2026

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.

Last Agent to Sell the Property

Helen Martino

The Agency One Rock-Mahwah Listed on: 06/30/2025

The Agency One Rock-Mahwah

Last Buyer's Agent

Helen Martino

The Agency One Rock-Mahwah Listed on: 06/30/2025

The Agency One Rock-Mahwah
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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

Utilities

  • Natural Gas Connected

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 20 / 254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,432

Lot Details

6,103 Sq Ft Lot

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 201-962-9555
  • MLS Status: Sold - Sold
  • Directions: GPS
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected

Lot Info

  • Lot Dimensions: 55X109
  • Lot Size Sq Ft: 6103.0

Tax Info

  • Tax Annual Amount: 10432.0
  • Tax Block: 254
  • Tax Lot: 20

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Elizabeth, NJ

  • Maria Schmidt Real Estate Agent - Better Homes and Gardens Real Estate Elite

    Maria Schmidt

    Better Homes and Gardens Real Estate Elite

    (908) 845-8494

    29 Total Sales

    2 in Downtown Elizabeth

    $290K - $319K Price Range

    Maria Schmidt
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  • Mindy Skelly Real Estate Agent - Compass

    Mindy Skelly

    Compass

    (347) 252-9984

    57 Total Sales

    1 in Downtown Elizabeth

    $230,000 Price

    Mindy Skelly
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  • Ami-Sasha Thadani Real Estate Agent - Serhant New Jersey LLC

    Ami-Sasha Thadani

    Serhant New Jersey LLC

    (848) 280-7628

    88 Total Sales

    1 in Downtown Elizabeth

    $575,000 Price

    Ami-Sasha Thadani
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  • LYSSOL GARCIA-ARIKAN Real Estate Agent - COLDWELL BANKER REALTY

    LYSSOL GARCIA-ARIKAN

    COLDWELL BANKER REALTY

    (929) 552-8993

    27 Total Sales

    1 in Downtown Elizabeth

    $309,850 Price

    LYSSOL GARCIA-ARIKAN
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  • Raul Cabrera Real Estate Agent - CAPC Brokerage, LLC

    Raul Cabrera

    CAPC Brokerage, LLC

    (551) 205-8420

    93 Total Sales

    1 in Downtown Elizabeth

    $505,000 Price

    Raul Cabrera
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  • Ben & Brent Real Estate Real Estate Agent - Keller Williams Village Square Realty

    Ben & Brent Real Estate

    Keller Williams Village Square Realty

    (201) 584-6721

    25 Total Sales

    1 in Downtown Elizabeth

    $350,000 Price

    Ben & Brent Real Estate
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/17/2026 04/17/26 Sold $595,000 -15.0% --
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

Agents Affiliated with this Home

  • Helen Martino Real Estate Agent - The Agency One Rock-Mahwah

    Seller's Agent in 2026

    Helen Martino

    The Agency One Rock-Mahwah

    (201) 615-5188

    1 in this area

    77 Total Sales

    Helen Martino
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Map

Source: New Jersey MLS

MLS Number: 25022793

New Jersey MLS
New Jersey Union County Elizabeth 07201 Downtown Elizabeth

514 Madison Ave, Elizabeth, NJ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS 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.

© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.

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