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Property profile & analytics
OFF-MARKET
Residential income homes
47 Madison Ave Madison, NJ 07940-1475
Entity Owned
12-yr Hold
Free & Clear
Property ID
US59-0647432
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1880
Construction
FRAME
Total area
5,565 SF
Lot
0.69 ac (30,000 SF)
Zoning code
R-5
APN
17 01301-0000-00013
UPID
US59-0647432
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
47 Madison Avenue LLC · 12 yrs held
47 Madison Avenue LLC
since 2014
1 recorded transaction
Zoning & alternative use
R-5 · Madison, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-5 Multiple-Family Residential Zone, R-6 Single-Family Attached and Patio Homes Residence Zone regulations. Purpose. The purpose of this zone is to permit multifamily residential use at appropriate densities in locations accessible to major roadways, commercial services, and public facilities. Principal permitted uses. Multiple-family dwellings (only in R-5…
Zone name
Multifamily Residential
General category
COMMERCIAL
Zone area
44.40 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,978
Tax year 2022
Assessed value
$729,200
Assessed 2023
Previous assessed
$729,200
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$297,700
Assessed improvement
$431,500
Land market value
$297,700
Improvement market value
$431,500
Total market value
$729,200
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Total area
5,565 SF
Lot
0.69 ac (30,000 SF)
Zoning code
R-5
APN
17 01301-0000-00013
UPID
US59-0647432
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-5 · Madison, NJZoning R-5 · permitted uses
R-5 · Madison, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-5 Multiple-Family Residential Zone, R-6 Single-Family Attached and Patio Homes Residence Zone regulations. Purpose. The purpose of this zone is to permit multifamily residential use at appropriate densities in locations accessible to major roadways, commercial services, and public facilities. Principal permitted uses. Multiple-family dwellings (only in R-5 Residential Zone). Patio homes. Public parks and playgrounds. Single-family attached dwellings. Single-family detached dwellings.
Zone name
Multifamily Residential
General category
COMMERCIAL
Zone area
44.40 ac
Building & site characteristics
From public records
Year built
1880
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Lot
0.69 ac
Current owner
From public records · entity-resolved
47 Madison Avenue LLC
Entity
Free & Clear · 12 yrs held
Mailing address
383 MAIN ST STE #201, CHATHAM, NJ 07928-2100
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2014
—
47 Madison Avenue LLC
Serrato,roy & Doris
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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