57 Greenwood Ave Madison, NJ $ 1,150,000
57 Greenwood Ave
$ 1,150,000
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57 Greenwood Ave

Madison, NJ, 07940
$ 1,150,000
Bedrooms4 Baths4.0

Monthly Estimate*

$ 7,175

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Multi-Family Home for sale in Madison, NJ

for $1,150,000 with 4 bedrooms and 4 full baths. This home was built in 1925 on a lot size of 0.14.

LOCATION, LOCATION, LOCATION! GREAT OPPORTUNITY TO OWN A MULTI-FAMILY HOME IN THE HEART OF MADISON. Charming historic home with large front porch has 3 rental units on the first,second ,b and third floors. The first floor unit is huge and has 1 bedroom and 1 full bath, eat-in kitchen, dining room, living room, and laundry. The second floor unit has 2 bedrooms, 2 full baths, eat-in kitchen and living room.The 3rd level has 1 BR and a living space with kitchen. All units have private access from spacious rear decks on all levels and also front access from the front entrance with charming front porch. Large basement space for storage and additional laundry setup. Exterior is well maintained and has a 2 car detached garage.The house has separate water heaters and furnaces with a separate meter for each unit. The house has historic charm with beautiful moldings and wood floors throughout. This lovely home is just steps away from downtown Madison, NYC Train, shops, restaurants, parks, and schools.

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Multi-Family Active

Price

$ 1,150,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 12,290

Style

3-Three Story

Lot Size

0.14

Year Built

1925

Town/City

Madison

County/Region

Morris

MLS | Web ID

3990949

Features
Interior
Interior Amenities Carbon Monoxide Detector Smoke Detector Wood Floors
Basement Full Unfinished Walkout
Unit 1 Baths Total 1.0
Unit 1 Beds Total 1
Unit 2 Baths Total 2.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 1
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 4
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General
Sewer Public Sewer
Heating 3 Units
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession POT
Roof Asphalt Shingle
Water Heater Gas
Zoning Residential
Garage Spaces 2
Architectural Style 3-Three Story
Year Built 1925
Garage Detached Garage
Township Madison Boro
Tax Year 2024
Gross Income 59700
County Morris
Net Operating Income 44702
Operating Expense 14998
Total Rooms 10
Full Baths 4
Status Active
Directions Main Street to Greenwood Avenue
High School Madison
Open Parking Spaces 5
Number Of Units Total 3
Elementary School Central
Tax Annual Amount 12290
Home Warranty Y/N No
Middle/Junior High School Madison Jr
Drive 1 Car Width Blacktop
Standard Status Active
Tax Assessed Value 577000
Town # 2318
Tax Lot 20
Farm Assessment No
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Exterior
Exterior Amenities Curbs Deck Open Porch(es) Sidewalk
Lot Features Level Lot
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 50X125
Lot Size Acres 0.14
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* Excluded Features
List By
ELIZABETH RUTLAND

Listing Agent

Kl Sotheby's Int'l. Realty

Broker

BRutland@klsir.com

Email

Affordability Calculator

$8,199
Per Month
88%
12%
0%
Monthly Principal & Interest
$7,175
Monthly Property Taxes
$1,024
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
290837 Elementary School
289463 Middle School
Madison High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2025$1,150,000 Listed Price

Map


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57 Greenwood Ave, Madison, NJ, 07940 is a Multi-Family Home for sale at $1,150,000 with a lot size of 0.14. 57 Greenwood Ave has 4 bedrooms, 4.0 baths, and was built in 1925. The property's zip code is 07940 which is in Madison, NJ