Two-Unit Duplex With
New
For Sale
$865,000
55 Myrtle Ave, Madison, NJ 07940
Two-level duplex with separate entrances, multiple garage improvements, and renovation needs for an as-is sale.
Property SizeContact for details
Days on Market3
Property Features for 55 Myrtle Ave
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
Needs work
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,981
Amenities
Wrap around deck
storage shed
Building Details
Year Built
1951
Units
2
Listed By:
VALARIE ELLIS-FRIEDMAN
Source:
Elliman
Added: Sep 18
Last Checked: Sep 19 at 10:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VALARIE ELLIS-FRIEDMAN
Investment Insights
Based on property information with market context.
This 1951 duplex contains two residential units with distinct layouts and entrances. The first-floor unit includes a finished lower level, while the second-floor unit has its own private entry. The property includes an attached one-car garage, a detached two-car garage with attic space, a wraparound deck, a storage shed, and a level yard with ample parking. Central air units are not operational, and the sale is offered strictly as-is.
The property is located near town, schools, parks, ball fields, and a direct Manhattan train connection. WalkScore is 72, rated Very Walkable, and BikeScore is 51, rated Bikeable. The estate sale is being conducted with limited knowledge of the property’s condition, and inspections are for informational purposes only.
The property is located near town, schools, parks, ball fields, and a direct Manhattan train connection. WalkScore is 72, rated Very Walkable, and BikeScore is 51, rated Bikeable. The estate sale is being conducted with limited knowledge of the property’s condition, and inspections are for informational purposes only.
Key Highlights
- Two‑unit duplex built in 1951
- First‑floor unit includes a finished lower level
- Second‑floor unit has a separate private entrance
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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Business Placement
Demographics for 07940, NJ
18,403
Population
5,733
Households
3.2
Avg Household Size
34
Median Age
71%
College-Educated
97%
High-School Grad
4.9 sq mi
ZIP Area
3,756
Density / Sq Mi
$168,520
Median Household Income
$53,352
Median Earnings
$2,248
Median Rent
$883,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separate entrances, multiple garage improvements, and renovation needs for an as-is sale.
Where is this duplex located?
The property is located at 55 Myrtle Ave Madison, NJ.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1951; First‑floor unit includes a finished lower level; Second‑floor unit has a separate private entrance
