720 Madison Ave Unit 22 Plainfield, NJ 07060
Estimated payment $5,741/month
About This Home
Discover timeless elegance in this beautifully preserved 1906 brick three-unit home located in the prestigious VanWyck Brooks Historic District of Plainfield, NJ. This stately property blends historic charm with modern convenience, perfect for investors, or owner-occupants, seeking a turnkey, income producing gem! Situated in one of Plainfield's most sought after Historic neighborhoods, this property offers prime access to NJ Transit, bus and rail lines, ideal for commuters, downtown shopping restaurants, bookstores, coffeehouses, municipal buildings, library, public events, schools, and houses of worship. Whether you're looking to live in one unit and rent the others or add a stable income property to your portfolio, this historic 3-unit residence, offers exceptional, long-term value in a thriving community blooming in redevelopment. This property is being sold in as is condition. Buyer responsible for all required certificates of occupancy and Inspections at their own expense.
Listing Agent
CLAUDIA JEAN RAWLS
CENTURY 21 JRS REALTY Brokerage Phone: 732-396-0606 Listed on: 10/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,399
Year Built
- Built in 1906
Lot Details
- 0.29 Acre Lot
- Historic Home
Parking
- 6 Parking Spaces
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
Schools
- Cedarbrook Elementary School
- Hubbard Middle School
- Plainfield High School
Utilities
- Window Unit Cooling System
- Gas Water Heater
Additional Features
- Unfinished Basement
Community Details
- 4,263 Sq Ft Building
- Net Operating Income $42,600
Listing and Financial Details
- Assessor Parcel Number 2912-00715-0000-00003-0000-
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 | $12,399 | $142,000 | $65,400 | $76,600 |
| 2024 | $12,277 | $142,000 | $65,400 | $76,600 |
| 2023 | $12,277 | $142,000 | $65,400 | $76,600 |
| 2022 | $12,012 | $142,000 | $65,400 | $76,600 |
| 2021 | $11,907 | $142,000 | $65,400 | $76,600 |
| 2020 | $11,873 | $142,000 | $65,400 | $76,600 |
| 2019 | $11,873 | $142,000 | $65,400 | $76,600 |
| 2018 | $11,624 | $142,000 | $65,400 | $76,600 |
| 2017 | $11,340 | $142,000 | $65,400 | $76,600 |
| 2016 | $11,109 | $142,000 | $65,400 | $76,600 |
| 2015 | $10,781 | $142,000 | $65,400 | $76,600 |
| 2014 | $10,488 | $142,000 | $65,400 | $76,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | For Sale | $895,000 | -- | $210 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Cortes And Hay Title | |
| Deed | -- | Cortes And Hay Title | |
| Bargain Sale Deed | $458,000 | None Available | |
| Deed | $93,000 | -- | |
| Deed | -- | -- | |
| Deed | $90,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $558,750 | New Conventional | |
| Closed | $558,750 | New Conventional | |
| Previous Owner | $441,626 | FHA | |
| Previous Owner | $99,000 | No Value Available | |
| Previous Owner | $97,377 | No Value Available |
Source: Garden State MLS
MLS Number: 3994889
APN: 12-00715-0000-00003
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