55 Myrtle Ave
Madison Boro, NJ 07940
Price: $865,000
GSMLS: 4053370Type: Multi-Family
Style: 2-Two Story, Under/Over
Total Units: 2
Beds: 3
Baths: 2 Full
Garage: 3-Car
Year Built: 1951
Acres: 0.22
Property Tax: $10,981
Description
Rare opportunity to renovate and restore this custom built 2 unit multi family home in popular neighborhood in desirable town of Madison. Can also be converted to a large single family home as well. Convenient to town, Manhattan direct train, schools, parks, ball fields and more. Owner occupy or rent out both. Needs work. Amazing potential for buyer with vision. Unit 1 is first floor and finished lower level. Unit 2 is second floor with separate private entrance. Built in 1 car garage along with detached 2 car garage with attic. Wrap around deck, plenty of parking, level yard & storage shed. Excellent opportunity for tradesperson, contractor and landscapers. Central air units not operational. Strictly "as-is" sale. Inspections for information purposes only. Estate sale with limited knowledge of property & conditions.
General Info
Style:
2-Two Story, Under/Over
SqFt Building:
2,618
Total Rooms:
11
Basement:
Yes - Finished-Partially
Interior:
Blinds, Carbon Monoxide Detector, Carpeting, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Roof:
Asphalt Shingle, Rubberized
Exterior:
Stone, Vinyl Siding
Lot Size:
n/a
Lot Desc:
Level Lot
Parking
Garage Capacity:
3-Car
Description:
Attached Garage, Detached Garage
Parking:
2 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking
Spaces Available:
6
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
8
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, Rec Room, Sunroom
Levels:
2
Square Foot:
n/a
Fireplaces:
2
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Microwave Oven, Range/Oven - Gas, Smoke Detector, Sump Pump
Utilities:
Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Kitchen, Living/Dining Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
1 Unit, Auxiliary Electric Heat, Multi-Zone, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Central Air
Water Heater:
Gas
Water:
Public Water, Water Charge Extra
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available, Fiber Optic Available, Garbage Included
School Information
Elementary:
Central Avenue Elementary School (K-5)
Middle:
Madison Junior School (6-8)
High School:
Madison High School (9-12)
Community Information
County:
Morris
Town:
Madison Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$865,000
Tax Amount:
$10,981
Land Assessment:
$201,600
Build. Assessment:
$285,600
Total Assessment:
$487,200
Tax Rate:
2.25
Tax Year:
2025
Listing Information
MLS ID:
4053370
List Date:
09-17-2026
Days On Market:
0
Listing Broker:
RE/MAX ACHIEVERS
Listing Agent:
Valarie Ellis-friedman
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHillsRockaway.com
