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    16 Waverly Pl, Unit B Madison, NJ 07940

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    For Lease
    $3,200 /Mo

    Modern 2-bedroom apartment near Madison Train Station and downtown.

    Lot size:
    0.07 Acres

    Property Features for 16 Waverly Pl

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1958

    Source: COCCIA REAL ESTATE GROUP, LLC. Agent JENNIFER BASSOLINO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newly Constructed Apartment Near Station

    This newly constructed 2-bedroom, 1-bathroom apartment is located in Madison, near the Madison Train Station. The unit features a kitchen equipped with stainless steel appliances, including a gas range, microwave, refrigerator, and dishwasher. Recessed lighting and hardwood floors are present throughout the apartment. A washer and dryer are located within the unit for convenience. Additional storage space is available in the basement. The location provides access to the nightlife of downtown Madison, with restaurants and cafes nearby.
    Insight Report Location Intelligence

    Current Use by Public Records

    Madison Locksmith Corp Locksmith

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4152107
    Latitude
    40.7581653

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    FAQs

    What type of property is this?
    Apartment building - Modern 2-bedroom apartment near Madison Train Station and downtown.
    Where is this apartment building located?
    The property is located at 16 Waverly Pl, Unit B Madison, NJ.
    What are key features of this property?
    This property features: - Prime location: Steps from Madison Train Station and downtown Madison's nightlife, restaurants, and cafes.; - Newly constructed **2-bedroom apartment with modern design.**; - **Stainless steel appliances** including gas range, microwave, refrigerator, and dishwasher.
    (973) 887-2500
    Request Owner's contact information
    16 Waverly Pl, Unit B 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
    16 Waverly Pl, Unit B Madison, NJ 07940
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