Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Madison Boro Madison, NJ 07940

    Sponsored
    For Sale
    $2,450,000

    Multi-Family, Duplex-Side by Side - Madison Boro, NJ

    Property size:
    6,000 SF
    Lot size:
    0.43 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 20 at 8:06 pm

    Property Features for Madison Boro

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Living Room, Master Bedroom
    Bedrooms
    6
    Bathrooms
    6
    Parking
    6
    Patio and Porch features
    Patio
    Exterior features
    Patio
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Oven - Gas, Range, Refrigerator, Washer
    Size
    6,000 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    2026
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    JAN R KWAPNIEWSKI

    Coccia Realty, Inc. (201) 997-7000 [email protected]

    Listing agent JAN R KWAPNIEWSKI (201) 997-7000

    Listing date Jan 15, 2026

    MLS# 4005349 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    New Duplex Near Train Station

    This is a newly constructed duplex, with each side featuring 3 bedrooms, 2 full baths, and 2 half baths, along with a built-in garage. The property measures approximately 6,000 sq. ft., with each side offering 3,000 sq. ft. plus an additional 750 sq. ft. in the finished basement. Located a short walk from the train station, it provides convenient access to NYC in under an hour. Each unit includes a first floor with 10' ceilings, a living room, a dining room, and an open-concept kitchen equipped with custom cabinets, quartz countertops, tiled backsplash, and Thermador stainless steel appliances, including a stove, built-in microwave, dishwasher, and refrigerator. The family room features a wine cooler, an electric fireplace, and sliders to a patio that overlooks the 250' deep fenced-in yard. The second floor has 3 bedrooms, a laundry closet with a washer and dryer, and 2 full baths. The king-sized master bedroom includes walk-in closets and a private bathroom with a soaking tub and shower stall. The finished basement offers a recreation room, a half bath, and a utility room. Additional features include a built-in 1-car garage with a door opener and connection for a future car charger, with driveway space for several cars. The property has separate utilities: 4 gas forced air heating and air conditioning systems, 2 gas hot water heaters, and 2 separate gas, electric, and water meters, as well as a security camera and monitoring system, and hardwood floors. Situated on a 0.43-acre lot (75' x 250'), lawn sprinklers will be completed weather permitting. A 10-year new home warranty is included. The property is located near the train station, YMCA, library, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4213
    Latitude
    40.7602

    Nearby Similar for Sale

    • $1,150,000
      Pending

      Multi-Family Home in Madison Boro

      Charming multi-family home in the heart of Madison, NJ.
      57 Greenwood Ave, Madison, NJ 07940
      View Details
    • $450,000
      10,000 SF

      Medical Office Suite in Madison

      Bright, sunny medical office suite in the heart of Madison.
      8 Shunpike Rd, Madison, NJ 07940
      View Details
    • $799,000

      Madison Two-Family Home with Flexibility

      Two-family home in Madison with multi-purpose zoning and conversion potential.
      23 West St, Madison, NJ 07940
      View Details

    FAQs

    What type of property is this?
    Duplex - New 3-bedroom duplex with modern amenities, near NYC train.
    Where is this duplex located?
    The property is located at Madison Boro Madison, NJ.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: - Brand new 2-family duplex featuring 3-bedroom units - perfect for owner-occupancy or investment.; - Just a 9-minute walk to the train station for an easy commute to NYC.; - High-end finishes include custom cabinets, quartz countertops, and Thermador stainless steel appliances.
    (201) 997-7000
    Request Owner's contact information
    Madison Boro Madison, NJ 07940
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Madison Boro
    Madison, NJ 07940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Madison Boro Madison, NJ 07940
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    JAN R KWAPNIEWSKI
    (201) 997-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.