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Madison, NJ

Residential Income

Madison, NJ Residential Income Properties for Sale

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Chatham Township, NJ Chatham, NJ Florham Park, NJ Summit, NJ Morristown, NJ East Hanover, NJ New Providence, NJ Cedar Knolls, NJ

Multifamily

Updated: Aug 4

Multifamily

213-215 Main Street, Madison, NJ 07940

Contact for pricing

See what stands out in Morris County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Local Demand available after sign in

Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 1 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 4-Unit Victorian Quadplex

Historic 4-Unit Victorian Quadplex

2 Hillside Avenue, Summit, NJ 07901

$1,800,000

Updated apartments retain Victorian details and include dedicated storage and off-street parking.

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.

Victorian Quadplex with Updated Interiors

Victorian Quadplex with Updated Interiors

2 Hillside Ave, Summit, NJ 07901

$1,800,000

Four apartments combine modernized kitchens and baths with preserved Victorian architectural details.

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.

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.

Scotch Plains Development Opportunity

Scotch Plains Development Opportunity

401 Acacia Road, Scotch Plains, NJ 07076

$3,500,000

6.37 AC lot

6.37 acres in Scotch Plains, endless development potential.

Land with Development Potential

Land with Development Potential

549 Jerusalem, Scotch Plains, NJ 07076

$2,400,000

1.60 AC lot

Large lot suitable for subdivision in a desirable location.

Development Opportunity Overlooking Golf Course

Development Opportunity Overlooking Golf Course

1 Pierson Rd, Maplewood, NJ 07040

$1,900,000

1.47 AC lot

Rare 1.47-acre development site with golf course views.

Commercial Development Parcel

Commercial Development Parcel

Morris Plains, NJ 07950

$899,900

Deep commercial parcel with front-area wetlands and multiple development concepts subject to approvals.

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

$1,885,000

Estimated value

4,611 sqft 0.54 AC lot

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

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

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

16-18 Elm St, Unit 18

APARTMENT HOUSE (UNDER 5 UNITS)

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

Unit 18

$475,000

Estimated value

5,538 sqft 0.22 AC lot

47 Madison Ave

APARTMENT HOUSE (UNDER 5 UNITS)

47 Madison Ave, Madison, NJ 07940-1475

$380,000

Estimated value

5,565 sqft 0.69 AC lot

49 Park Ave

APARTMENT HOUSE (UNDER 5 UNITS)

49 Park Ave, Madison, NJ 07940-1517

$375,000

Estimated value

3,563 sqft 0.68 AC lot

7 Community Pl

APARTMENT HOUSE (UNDER 5 UNITS)

7 Community Pl, Madison, NJ 07940-1836

$360,000

Estimated value

4,230 sqft 0.14 AC lot

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

3 Locust St

APARTMENT HOUSE (UNDER 5 UNITS)

3 Locust St, Madison, NJ 07940-1636

$350,000

Estimated value

2,988 sqft 0.18 AC lot

36 Ww St

APARTMENT HOUSE (UNDER 5 UNITS)

36 Ww St, Madison, NJ 07940-1555

$325,000

Estimated value

3,564 sqft 0.17 AC lot

Madison, NJ Residential Income Properties Market Trends and Statistics

Explore 12 residential income properties for sale in Madison, NJ on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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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