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Two-Unit Duplex With Garages
For Sale
$865,000
Pending

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 Market48

Property Features for 55 Myrtle Ave

General Information

Standard status Pending
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 · License #9236634
Source: Elliman
Added: Sep 18 Changed: Nov 4 Last Checked: Nov 3 at 6:41AM

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

Rey
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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.

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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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

603
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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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

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
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