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    57 Greenwood Ave Madison, NJ 07940

    For Sale
    $1,150,000

    3-Three Story, Multi-Family - Madison Boro, NJ

    Lot size:
    0.14 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 12 at 1:06 am

    Property Features for 57 Greenwood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room, Master Bedroom
    Bedrooms
    4
    Bathrooms
    4
    Parking
    5
    Patio and Porch features
    Porch, Deck
    Interior features
    Carbon Monoxide Detector, Smoke Detector, Wood Floors
    Exterior features
    Curbs, Deck, Open Porch(es), Sidewalk
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Oven - Gas, Range, Refrigerator, Washer
    Lot size
    0.14 Acres

    Building Details

    Year built
    1925
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Kienlen Lattmann Sotheby's International Realty (908) 696-8600 [email protected]

    Listing agent ELIZABETH RUTLAND (973) 377-7785

    Listing date Nov 10, 2025

    MLS# 3990949 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Home in Madison Boro

    This multi-family home is located in the heart of Madison. The historic home features a large front porch and three rental units on the first, second, and third floors. The first-floor unit is spacious and includes one bedroom, one full bath, an eat-in kitchen, a dining room, a living room, and laundry facilities. The second-floor unit offers two bedrooms, two full baths, an eat-in kitchen, and a living room. The third level comprises one bedroom and a living space with a kitchen. Each unit has private access from spacious rear decks on all levels, as well as front access from the front entrance and charming front porch. A large basement provides space for storage and additional laundry setup. The exterior is well-maintained and includes a two-car detached garage. The house has separate water heaters and furnaces, with a separate meter for each unit. The house retains historic charm with moldings and wood floors throughout. The property is located steps away from downtown Madison, NYC Train, shops, restaurants, parks, and schools. The lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.40926
    Latitude
    40.76026

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    FAQs

    What type of property is this?
    Triplex - Charming multi-family home in the heart of Madison, NJ.
    Where is this triplex located?
    The property is located at 57 Greenwood Ave Madison, NJ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Madison, steps from downtown, NYC train, shops, restaurants, parks, and schools.; - Multi-family home with three separate rental units, each with private access and separate utilities.; - Well-maintained exterior with a 2-car detached garage.
    (973) 377-7785
    Request Owner's contact information
    57 Greenwood Ave Madison, NJ 07940
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    Madison, NJ 07940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    57 Greenwood Ave Madison, NJ 07940
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