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Two-Bedroom Condo
New
For Sale
$490,000

34 Loantaka Way K, Madison, NJ 07940

A two-level layout includes a wood-burning fireplace, private deck, and renovated kitchen and bathrooms.

Property SizeContact for details
Days on Market3

Property Features for 34 Loantaka Way K

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Commercial

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $7,979

Amenities

fireplace
private deck
walk-in closet
private storage closet
large storage area
guest parking
Listing Agency: CITYWEST REAL ESTATE
Listed By: CAITLIN DIRUGGIERO
Source: Elliman
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 16 at 10:49AM

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 CITYWEST REAL ESTATE

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Investment Insights

Based on property information with market context.

This two-level condo has 2 bedrooms and 1.5 bathrooms. The main floor combines a living room with a wood-burning fireplace, dining area, powder room, and private deck. The renovated kitchen has stainless steel appliances and a new backsplash; bathroom renovations and new flooring are also noted. Both bedrooms are downstairs, and the primary bedroom has a walk-in closet.

The deck overlooks protected woodland associated with the Zuck Arboretum. The property is beside Drew University and across from Giralda Farms walking and biking trails. Madison’s train station, downtown shops and restaurants, Morristown, and major highways are also identified as nearby. The unit includes one assigned parking space, guest parking, a storage closet by the entrance, and a larger storage area for luggage and bicycles.

Key Highlights

  • Two‑level condo with 2 bedrooms and 1.5 bathrooms
  • Living room with wood‑burning fireplace and private deck overlooking protected woodland
  • Renovated kitchen with stainless steel appliances and new backsplash

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Garden Center Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

199
Businesses Nearby

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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Frequently Asked Questions

What type of property is this?
Residential income property - A two-level layout includes a wood-burning fireplace, private deck, and renovated kitchen and bathrooms.
Where is this residential income property located?
The property is located at 34 Loantaka Way K Madison, NJ.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two‑level condo with 2 bedrooms and 1.5 bathrooms; Living room with wood‑burning fireplace and private deck overlooking protected woodland; Renovated kitchen with stainless steel appliances and new backsplash
More about this property
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