Property
Margate City, NJ 08402 206 N Madison Avenue
$1,249,000
Pending
Presented By: RE/MAX Preferred - Sewell
Beds • 1
Full/Half Baths • 0 / 1
SQFT • 3,118
Home Details
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 Citys 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.
Presented By: RE/MAX Preferred - Sewell
Interior Features for 206 N Madison Avenue
Bedrooms
Bedrooms Count All Upper Levels1
Bedrooms Count Upper Level 11
Main Level Bedrooms
Total Bedrooms1
Bathrooms
Bathrooms Half Upper Level 10
Bathrooms Half Main Level1
Bathrooms Half All Upper Levels0
Bathrooms Count Upper Level 10.00
Bathrooms Count All Upper Levels
Half Baths1
Total Baths1
Other Interior Features
LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area3118
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterInstant Hot Water, Tankless
General for 206 N Madison Avenue
Acceptable FinancingCash, Conventional, FHA, VA
AccessibilityNone
Architectural StyleColonial
Bathrooms Count Main Level1.00
Bathrooms Full Main Level
CityMARGATE CITY
Condo/Coop Association Y/NNo
Construction MaterialsFrame
Cool FuelElectric
CoolingCentral A/C
CountyATLANTIC
Directionsuse GPS
Full Baths
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Levels2
Lot Size Square Feet6250.00
Lot Size UnitsSquare Feet
MLS AreaMargate City (20116)
ModificationTimestamp2025-08-01T14:25:47
MunicipalityMARGATE CITY
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Possession31-60 Days CD
Price Per Sq Ft Total AG400.58
Property TypeResidential
School DistrictMARGATE CITY SCHOOLS
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Structure TypeDetached
Subdivision NameNONE AVAILABLE
Tax Annual Amount9547.0
Tax Assessed Value559000.0
Tax Lot00504
Tax Year2024
Total SQFT3118
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningWSD
Exterior for 206 N Madison Avenue
Foundation DetailsBlock
Land Assessed Value321000.00
Land Use Code
Lot Dimensions50.00 x 125.00
Lot Size Acres0.14
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner