6-Unit Apartment
For Sale
$2,750,000
50 Cook Ave #1-6, Madison, NJ 07940
Six residences have individual water heaters, furnaces, and utility meters, while the landlord covers common-area utilities.
Property SizeContact for details
Days on Market15
Property Features for 50 Cook Ave #1-6
General Information
Standard status
Active
Property subtype
Commercial
Zoning
muti family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR, 2 x 3BR, 1 x 1BR
Multifamily Units
6
Building Details
Year Built
1976
Buildings
1
Units
6
Listing Agency:
Charles Patrick Realtors
Listed By:
Charles Patrick Jr.
(973) 267-8808
Source:
Cammarotarealestate
Added: Oct 9
Changed: Oct 22
Last Checked: Oct 22 at 2:11PM
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 Charles Patrick Realtors
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Investment Insights
Based on property information with market context.
This 1976 apartment property contains six units with a combined 13 bedrooms: three two-bedroom units, two three-bedroom units, and one one-bedroom unit. Individual water heaters, furnaces, and electric, gas, and water meters serve the residences. Common-area utilities are paid by the landlord. The roof and siding were replaced in 2016.
The property is in downtown Madison, within walking distance of Madison Train Station and close to Main Street shops, restaurants, and entertainment. Tenant parking is available in a permit town lot across the street. The property is zoned multifamily.
The property is in downtown Madison, within walking distance of Madison Train Station and close to Main Street shops, restaurants, and entertainment. Tenant parking is available in a permit town lot across the street. The property is zoned multifamily.
Key Highlights
- Six apartments with a total of 13 bedrooms
- Unit mix: three 2‑bedroom, two 3‑bedroom, and one 1‑bedroom apartment
- Separate water heaters, furnaces, and electric, gas, and water meters
Property Analytics
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residences have individual water heaters, furnaces, and utility meters, while the landlord covers common-area utilities.
Where is this apartment building located?
The property is located at 50 Cook Ave #1-6 Madison, NJ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Six apartments with a total of 13 bedrooms; Unit mix: three 2‑bedroom, two 3‑bedroom, and one 1‑bedroom apartment; Separate water heaters, furnaces, and electric, gas, and water meters
