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$750,000

514 Madison Ave Elizabeth, NJ 07201

6 beds
3 full
Multi-Family

Property details

About 514 Madison Ave

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 won’t last.

Highlights

Home typeMulti Family
StatusActive
MLS #25022793

Summary

  • Full Bathrooms: 3
  • Total Bedroom Count: 6
  • List Price: $750,000
  • MLS Number: 25022793
  • Office Name: Christies International Real Estate Group-Mahwah/Saddle River Regional Office
  • Office Phone: (201) 962-9555
  • Listing Agent: Helen Martino

IDXDisclaimer: 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 Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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 Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/2/2025, 11:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

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Nearby schools

6

Hurden Looker School

Public District 3-4

2.1 mi

1261 Liberty Ave

3

School #4

Public District PK-5

2.4 mi

1602 Dill Ave

6

Sherman Elementary School

Public District PK-5

2.5 mi

375 E Grant Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $39,470. Typical income of Elizabeth, NJ residents is less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

46%
<35k
44%
35k-100k
9%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

36%
Single, No Kids
26%
Single, with Kids
16%
Married, No Kids
22%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
10%
12-17 yrs old
29%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • BurlingtonBurlington
  • H&MH&M

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • White CastleWhite Castle
  • Boston MarketBoston Market

What do the neighbors drive?

  • DodgeDodge
  • KiaKia
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 514 Madison Ave

The listing price of 514 Madison Ave property is $750,000.

The property 514 Madison Ave is a multi located in Elizabeth, New Jersey, 07201.

Active Listing: 514 Madison Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 514 Madison Ave are: Hurden Looker School (GreatSchools Rating 6/10), School #4 (GreatSchools Rating 3/10), Sherman Elementary School (GreatSchools Rating 6/10), Louverture-Lafayette School #6 (GreatSchools Rating 3/10), Winfield Scott School #2 (GreatSchools Rating 3/10), Madison Monroe School #16 (GreatSchools Rating 5/10), Elizabeth High School (GreatSchools Rating 6/10), Thomas Jefferson Arts Academy (GreatSchools Rating 3/10), Alexander Hamilton Preparatory Academy (GreatSchools Rating 5/10).

This home is located at 514 Madison Ave in Elizabeth, NJ and zip code 07201. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 1, 2025 and is currently priced at $750,000.

In June 2025, from all listings sold in Elizabeth, NJ there were more than 8 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Elizabeth, NJ increased by 11.2% between May and June 2025. In June 2025 median list price was $497,500 and the average listing age was 19 days.

From Rocket Homes Real Estate and based on county public records data.

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