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    Madison, NJ Residential Income Properties for Sale

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    Chatham Twp, NJ Florham Park, NJ Chatham, NJ Summit, NJ Morristown, NJ East Hanover, NJ New Providence, NJ Cedar Knolls, NJ
    6-Unit Apartment Building
    Updated: Oct 9
    6-Unit Apartment Building

    50 Cook Ave, Madison, NJ 07940

    $2,750,000
    6,954 sqft
    Six apartments with 13 bedrooms in total
    Separate water heaters, furnaces, and electric, gas, and water meters for each unit
    Roof and siding replaced in 2016
    Tenants may park across the street in a permit town lot
    Built in 1976
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    6-Unit Apartment Building
    Updated: Oct 9
    6-Unit Apartment Building

    50 Cook Ave #1-6, Madison, NJ 07940

    $2,750,000
    Six apartments with a total of 13 bedrooms
    Unit mix: three 2‑bedroom, two 3‑bedroom, and one 1‑bedroom apartment
    Separate water heaters, furnaces, and electric, gas, and water meters
    Roof and siding replaced in 2016
    Walking distance to Madison Train Station; near Main Street shops, restaurants, and entertainment
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    Two-Unit Duplex With Garages
    Two-Unit Duplex With Garages

    55 Myrtle Ave, Madison, NJ 07940

    $865,000

    Two-level duplex with separate entrances, multiple garage improvements, and renovation needs for an as-is sale.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Multifamily
    Multifamily

    213-215 Main Street, Madison, NJ 07940

    Contact for pricing

    Multifamily properties

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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 4 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.

    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    66 Abbett Ave, Morristown, NJ 07960

    $950,000
    0.13 AC lot

    Four two-bedroom apartments offer a straightforward multifamily configuration in Morristown.

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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    66 Abbett Ave, Morristown, NJ 07960

    $950,000

    Four two-bedroom apartments feature large rooms and natural gas service.

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    Three-Story Residential Income Property
    Three-Story Residential Income Property

    48 Kent Place Blvd, Summit, NJ 07901

    $1,995,000

    The detached property has three stories and residential zoning.

    View details
    Victorian-Style Duplex
    Victorian-Style Duplex

    600 Springfield Ave, Summit, NJ 07901

    $899,000

    Two residences share a welcoming entryway, with flexible living areas, private outdoor space, and month-to-month tenancy.

    View details

    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.

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    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.

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    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.

    View details
    Bernardsville Boro Land Opportunity
    Bernardsville Boro Land Opportunity

    3 Preserve Ln, Bernardsville, NJ 07924

    $1,100,000
    6.06 AC lot

    6.06 acre residential land in scenic Bernardsville mountain location.

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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

    Estimated value:
    $1,885,000
    4,611 sqft 0.54 AC lot
    View details
    25 Cross St
    APARTMENT HOUSE (UNDER 5 UNITS)

    25 Cross St, Madison, NJ 07940-2133

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

    16 Cook Ave, Madison, NJ 07940-1839

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

    15 Madison Ave, Madison, NJ 07940-1471

    Estimated value:
    $1,065,000
    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
    Estimated value:
    $475,000
    5,538 sqft 0.22 AC lot
    View details
    47 Madison Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    47 Madison Ave, Madison, NJ 07940-1475

    Estimated value:
    $380,000
    5,565 sqft 0.69 AC lot
    View details
    49 Park Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    49 Park Ave, Madison, NJ 07940-1517

    Estimated value:
    $375,000
    3,563 sqft 0.68 AC lot
    View details
    7 Community Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    7 Community Pl, Madison, NJ 07940-1836

    Estimated value:
    $360,000
    4,230 sqft 0.14 AC lot
    View details
    95 Madison Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    95 Madison Ave, Madison, NJ 07940-1472

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

    3 Locust St, Madison, NJ 07940-1636

    Estimated value:
    $350,000
    2,988 sqft 0.18 AC lot
    View details
    36 Ww St
    APARTMENT HOUSE (UNDER 5 UNITS)

    36 Ww St, Madison, NJ 07940-1555

    Estimated value:
    $325,000
    3,564 sqft 0.17 AC lot
    View details

    Madison, NJ Residential Income Properties Market Trends and Statistics

    Explore 15 residential income properties for sale in Madison, NJ, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 6,954 square feet of properties for sale, with an estimated market value of $6,365,000.

    Sale prices for residential investment properties in Madison, NJ start at $865,000, averaging $2,121,666, and reaching up to $2,750,000 — 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

    Multifamily properties 5
    Apartment buildings 2
    Duplexes 1

    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 $865K

    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)

    How Realmo verifies these figures

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