55 Myrtle Ave Madison, NJ $ 865,000
55 Myrtle Ave
$ 865,000
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55 Myrtle Ave

Madison, NJ, 07940
$ 865,000
Bedrooms3 Baths2.0 Sq 2,618

Monthly Estimate*

$ 5,462

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Multi-Family Home for sale in Madison, NJ

for $865,000 with 3 bedrooms and 2 full baths. This 2,618 square foot home was built in 1951 on a lot size of 0.22.

Rare opportunity to renovate and restore this custom built 2 unit multi family home in popular neighborhood in desirable town of Madison. Can also be converted to a large single family home as well. Convenient to town, Manhattan direct train, schools, parks, ball fields and more. Owner occupy or rent out both. Needs work. Amazing potential for buyer with vision. Unit 1 is first floor and finished lower level. Unit 2 is second floor with separate private entrance. Built in 1 car garage along with detached 2 car garage with attic. Wrap around deck, plenty of parking, level yard & storage shed. Excellent opportunity for tradesperson, contractor and landscapers. Central air units not operational. Strictly "as-is" sale. Inspections for information purposes only. Estate sale with limited knowledge of property & conditions.

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Multi-Family Active

Price

$ 865,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 10,981

Style

2-Two Story, Under/Over

Lot Size

0.22

Year Built

1951

Town/City

Madison

County/Region

Morris

MLS | Web ID

4053370

Features
Interior
Interior Amenities Blinds Carbon Monoxide Detector Carpeting Smoke Detector Vinyl-Linoleum Floors Wood Floors
Basement Finished-Partially
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 1
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 3
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General
Sewer Public Sewer
Heating 1 Unit Auxiliary Electric Heat Multi-Zone Radiators - Steam
Cooling 2 Units Central Air
Utilities Electric Gas-Natural
Possession POT
Roof Asphalt Shingle Rubberized
Water Heater Gas
Zoning R3
Garage Spaces 3
Architectural Style 2-Two Story Under/Over
Year Built 1951
Garage Attached Garage Detached Garage
Township Madison Boro
Tax Year 2025
Gross Income 0
County Morris
Net Operating Income 0
Operating Expense 0
Total Rooms 11
Full Baths 2
Status Active
Directions Ridgedale Ave to Myrtle between Canterbury and Avon
High School Madison
Open Parking Spaces 6
Number Of Units Total 2
Elementary School Central
Tax Annual Amount 10981
Home Warranty Y/N No
Middle/Junior High School Madison Jr
Drive 2 Car Width Blacktop Driveway-Exclusive Off-Street Parking
Standard Status Active
Tax Assessed Value 487200
Town # 2318
Tax Lot 11
Farm Assessment No
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Exterior
Exterior Amenities Deck Enclosed Porch(es) Storage Shed Storm Door(s) Thermal Windows/Doors
Lot Features Level Lot
Water Source Public Water Water Charge Extra
Exterior Description Stone Vinyl Siding
Building Area Total 2618
Lot Dimensions 0.2152 AC
Lot Size Acres 0.22
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* Excluded Features
List By
VALARIE ELLIS-FRIEDMAN

Listing Agent

Re/Max Achievers

Broker

valfriedman@aol.com

Email

Affordability Calculator

$6,377
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,462
Monthly Property Taxes
$915
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
290837 Elementary School
289463 Middle School
Madison High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$865,000 Listed Price

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55 Myrtle Ave, Madison, NJ, 07940 is a Multi-Family Home for sale at $865,000 with 2,618 sqft and a lot size of 0.22. 55 Myrtle Ave has 3 bedrooms, 2.0 baths, and was built in 1951. The property's zip code is 07940 which is in Madison, NJ