Multifamily

Madison, NJ Multifamily Properties for Sale

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Chatham Township, NJ Chatham, NJ Florham Park, NJ Morristown, NJ Summit, NJ East Hanover, NJ New Providence, NJ Cedar Knolls, NJ
Renovated Duplex with Oversized Garage
Updated: May 27
Renovated Duplex with Oversized Garage

14 Locust St, Madison, NJ 07940

$1,100,000
0.24 AC lot
Renovated two‑family duplex with first‑floor reno completed about 2 years ago
0.24‑acre lot with full unfinished basement
Oversized two‑car garage with a loft
Central air plus public water and public sewer
Washer/dryer in both apartments
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Renovated Two-Family Duplex
Updated: Jun 3
Renovated Two-Family Duplex

14 Locust St, Madison, NJ 07940

$1,100,000
Renovated two‑family with in‑unit washer/dryer in both apartments
1st floor renovated again 2 years ago, featuring barn doors, custom closets, eat‑in kitchen, formal dining room, and mud room
Upstairs unit offers 3 bedrooms and 2 baths with a huge eat‑in kitchen and newer hardwood floors
1st floor is occupied and the 2nd floor is vacant
Oversized 2‑car garage with loft plus a full unfinished basement
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Multifamily
Multifamily

213-215 Main Street, Madison, NJ 07940

Contact for pricing

Multifamily properties

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 3 Active listings in Madison, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Mixed-Use Office & Apartments
Historic Mixed-Use Office & Apartments

331 Main St, Chatham, NJ 07928

$1,499,000
3,667 sqft

Downtown mixed-use building with office space, two apartments, and 22 on-site parking spaces.

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Historic Chatham Borough Mixed-Use Property
Historic Chatham Borough Mixed-Use Property

368 Main St, Chatham, NJ 07928

$925,000
2,455 sqft

Versatile building in downtown Chatham, zoned for office and residential.

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Two-Family Duplex with Walk-Out Basements
Two-Family Duplex with Walk-Out Basements

718 Springfield Ave, Summit, NJ 07901

$1,195,000
0.14 AC lot

Duplex with two sides, each offering four bedrooms and walk-out basement space, plus deck, porch, and off-street parking.

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Summit Duplex in Prime Location
Summit Duplex in Prime Location

718 Springfield Ave, Summit, NJ 07901

$1,195,000

Two-family duplex in Summit near shops, dining, parks, and transportation.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Detached Two-Family Duplex
Detached Two-Family Duplex

69 Martense Street, Brooklyn, NY 11226

$1,888,888
0.10 AC lot

Duplex on an R7a-zoned lot with three bedrooms per unit and a semi-finished basement with separate entrance.

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Flatbush Development Property For Sale
Flatbush Development Property For Sale

14 E 32nd Street lot: 13, Brooklyn, NY 11226

$1,249,000
1,407 sqft 0.09 AC lot

40 x 100 lot with R6, C1-2 zoning.

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Land Near Camelback Resort
Land Near Camelback Resort

250 Big Hill Pass, Scotrun, PA 18355

Contact for pricing
0.18 AC lot

Open lot near Camelback, suitable for RV, tiny home, or mobile.

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Expansive Land Parcel in Holmes
Expansive Land Parcel in Holmes

545 Grape Hollow Road, Holmes, NY 12531

$750,000
2,480 sqft 75.32 AC lot

75+ acre land parcel with garage near I-84.

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Off-Market Properties in Madison, NJ

Consider similar Off-Market properties in Madison, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

5 Chateau Thierry Ave
APARTMENT HOUSE (UNDER 5 UNITS)

5 Chateau Thierry Ave, Madison, NJ 07940-1129

$1,365,000
Estimated value
4,611 sqft 0.54 AC lot
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25 Cross St
APARTMENT HOUSE (UNDER 5 UNITS)

25 Cross St, Madison, NJ 07940-2133

$820,000
Estimated value
5,077 sqft 0.37 AC lot
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16 Cook Ave
APARTMENT HOUSE (UNDER 5 UNITS)

16 Cook Ave, Madison, NJ 07940-1839

$700,000
Estimated value
3,699 sqft 0.21 AC lot
View details
15 Madison Ave
APARTMENT HOUSE (UNDER 5 UNITS)

15 Madison Ave, Madison, NJ 07940-1471

$1,065,000
Estimated value
6,256 sqft 0.58 AC lot
View details
16-18 Elm St, Unit 18
APARTMENT HOUSE (UNDER 5 UNITS)

16-18 Elm St, Madison, NJ 07940-1549

Unit 18
Value Estimation by Request
5,538 sqft 0.22 AC lot
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47 Madison Ave
APARTMENT HOUSE (UNDER 5 UNITS)

47 Madison Ave, Madison, NJ 07940-1475

Value Estimation by Request
5,565 sqft 0.69 AC lot
View details
49 Park Ave
APARTMENT HOUSE (UNDER 5 UNITS)

49 Park Ave, Madison, NJ 07940-1517

Value Estimation by Request
3,563 sqft 0.68 AC lot
View details
7 Community Pl
APARTMENT HOUSE (UNDER 5 UNITS)

7 Community Pl, Madison, NJ 07940-1836

Value Estimation by Request
4,230 sqft 0.14 AC lot
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95 Madison Ave
APARTMENT HOUSE (UNDER 5 UNITS)

95 Madison Ave, Madison, NJ 07940-1472

$555,000
Estimated value
5,176 sqft 0.54 AC lot
View details
3 Locust St
APARTMENT HOUSE (UNDER 5 UNITS)

3 Locust St, Madison, NJ 07940-1636

Value Estimation by Request
2,988 sqft 0.18 AC lot
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36 Ww St
APARTMENT HOUSE (UNDER 5 UNITS)

36 Ww St, Madison, NJ 07940-1555

Value Estimation by Request
3,564 sqft 0.17 AC lot
View details

Madison, NJ Multifamily Properties Market Trends and Statistics

Explore 14 multifamily properties for sale in Madison, NJ, showcased through 3 active listings on our real estate platform.

Sale prices for multifamily properties in Madison, NJ average $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 2

Demographics Overview

Population 18K
Population Growth (5Y) +3.0%
Median Household Income $168,520

High-Yield Neighborhoods for Investment

Identify Madison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
07940 $1.1M

Taxes & Financing

Tax Rate (average for all types) 2.09%
Property Tax per SF $8.02 per SF
Tax Rate vs County Average 0.43 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Morris County

New Delisted

Total CRE Inventory on Market (SF)

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