206 N Madison Avenue, MARGATE CITY, NJ 08402 (MLS # NJAC2019646)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 7/8/2025 |
|---|---|---|---|
| TRACT | NONE AVAILABLE | YEAR BUILT | 1925 |
| COMMUNITY | Margate City (20116) | COUNTY | ATLANTIC |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| School District | MARGATE CITY SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Instant Hot Water, Tankless Water Heater |
| AREA | Margate City (20116) |
| CONSTRUCTION | Frame |
| HEAT | Central, Natural Gas |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 50.00 x 125.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Colonial |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 9547 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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