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    23 West St Madison, NJ 07940

    For Sale
    $799,000

    Two-family home in Madison with multi-purpose zoning and conversion potential.

    Lot size:
    0.12 Acres

    Property Features for 23 West St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1880

    Source: AST REALTY, LLC Agent JAMES MATTINA

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

    Overview

    Madison Two-Family Home with Flexibility

    This two-family property in Madison offers curb appeal and is situated in a zone approved for multi-purpose use, providing flexibility for future owners. A buyer has the option to convert it into a single-family home, with the stipulation that it cannot be reverted to a two-family residence once converted and approved by the town. The first-floor unit includes a living room, a kitchen equipped with stainless steel appliances, a dining room, a full bath, and a bedroom. It also features direct access to the backyard deck and large backyard, as well as a partially finished basement suitable for storage, recreation, or entertaining. The second-floor residence offers three bedrooms, a den suitable for an office or nursery, and a kitchen with access to a large attic that spans nearly the entire footprint of the home.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -74.4234969
    Latitude
    40.7668354

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    FAQs

    What type of property is this?
    Duplex - Two-family home in Madison with multi-purpose zoning and conversion potential.
    Where is this duplex located?
    The property is located at 23 West St Madison, NJ.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Multi-purpose zoning allows for flexible use (residential/commercial).; - Potential to convert to a single-family home.; - First-floor unit with direct access to backyard deck and large backyard.
    (732) 854-9080
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    23 West St 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
    23 West St Madison, NJ 07940
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