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Under contract
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  • $1,249,000

    206 N Madison Ave, Margate, NJ 08402

    1beds
    3,118sqft
    : 
    Single Family Residence
    Built in 1925
    6,250 Square Feet Lot
    $1,238,700 Zestimate®
    $401/sqft
    $-- HOA

    What's special

    Updated kitchenDeck for outdoor enjoymentWelcoming porch
    Great Opportunity in Margate, NJ! Enjoy two properties for the price of one or rebuild to your own liking in a sensational area in Margate, NJ. It doesn't get any better than this at the shore with 3100 sq ft of livable space just 100 yards from gleaming bay views and steps from local 5-star restaurants. Only a few blocks to the beach, one block to Longport, and a short drive to Ocean City, Somers Point, and Atlantic City’s magic and nightlife. The front building features a welcoming porch, a cozy living room with fireplace, a small dining area, and an updated kitchen with a deck for outdoor enjoyment. Upstairs offers a spacious bedroom with a master bath and a loft with a trundle bed. The back building includes 3 bedrooms (possible 4th), 1.5 baths, and is tenant-occupied at $1,700/month, providing instant income. The lot size is ideal for investors looking to rebuild and create their Margate dream home in a prime location near the bay and beach.
    7 days
    on Zillow
    |
    517
    |
    15
    |

    Zillow last checked: 7 hours ago

    Listing updated: 18 hours ago

    Listed by:

    Ed Marrone 856-491-0988,

    RE/MAX Preferred - Sewell

    Source: Bright MLS,MLS#: NJAC2019646MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Basement
    • Area: 0
    Heating
    • Central, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Instant Hot Water, Tankless Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 3,118
    • Total interior livable area: 3,118 sqft
    • Finished area above ground: 3,118
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 6,250 Square Feet
    • Dimensions: 50.00 x 125.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 160043000504
    • Zoning: WSD
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None Available
    HOA
    • Has HOA: No
    Location
    • Region: Margate
    • Municipality: MARGATE CITY

    Financial & listing details

    • Price per square foot: $401/sqft
    • Tax assessed value: $559,000
    • Annual tax amount: $9,547
    • Date on market: 7/8/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
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