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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 Whippany, NJ Livingston, NJ

Renovated Two-Unit Residential Income

Updated: May 27

Renovated Two-Unit Residential Income

14 Locust St, Madison, NJ 07940

$1,100,000

0.24 AC lot

Renovated 2‑family home with 2 large units—1st floor occupied and 2nd floor vacant
1st floor renovated again 2 years ago with EIK, formal dining room, mud room, barn doors, and custom closets
Upstairs features a standard 3‑bedroom, 2‑bath layout with a huge EIK and newer hardwood floors
Washer/dryer in both apartments
Full unfinished basement and deep lot

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

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 2 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.

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.

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

Each unit features four bedrooms, hardwood floors, and walk-out basement space alongside off-street parking for flexible living.

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.

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.

Single-Family Residential Land Parcel

Single-Family Residential Land Parcel

685 Shunpike Rd, Chatham Twp, NJ 07935

$2,300,000

5.44 AC lot

Level residential land package with public utilities available in-street and access via a partially paved roadway.

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

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.

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

APARTMENT HOUSE (UNDER 5 UNITS)

25 Cross St, Madison, NJ 07940-2133

$820,000

Estimated value

5,077 sqft 0.37 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

16 Cook Ave, Madison, NJ 07940-1839

$700,000

Estimated value

3,699 sqft 0.21 AC lot

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

Value Estimation by Request

5,538 sqft 0.22 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

47 Madison Ave, Madison, NJ 07940-1475

Value Estimation by Request

5,565 sqft 0.69 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

49 Park Ave, Madison, NJ 07940-1517

Value Estimation by Request

3,563 sqft 0.68 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

7 Community Pl, Madison, NJ 07940-1836

Value Estimation by Request

4,230 sqft 0.14 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

95 Madison Ave, Madison, NJ 07940-1472

$555,000

Estimated value

5,176 sqft 0.54 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

3 Locust St, Madison, NJ 07940-1636

Value Estimation by Request

2,988 sqft 0.18 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

36 Ww St, Madison, NJ 07940-1555

Value Estimation by Request

3,564 sqft 0.17 AC lot

Madison, NJ Residential Income Properties Market Trends and Statistics

Explore 13 residential income properties for sale in Madison, NJ on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,200,000.

Sale prices for residential income properties in Madison, NJ start at $1,100,000, averaging $1,100,000, and reaching up to $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

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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