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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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55 Myrtle Ave , Madison Boro, NJ 07940
$865,000
Est. Payment: $4,720.66/mo
3 Bed
2 Bath
2618 Sqft
0.22 Acres
Status: under contract | Days on site: 15
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Susan Maryanski
Operator

House 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.

Highlights

Listed by VALARIE ELLIS-FRIEDMAN , MP RE/MAX ACHIEVERS , 973-701-1200. Garden State MLS

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

1951

County

Morris

Listing ID

4053370

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:2 Units,Central Air
Fireplaces:
Basement:Finished-Partially
Other:
  • ▪ Additional:Blinds, Carbon Monoxide Detector, Carpeting, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Water:Public Water, Water Charge Extra

Exterior Features

Lot:Level Lot
Lot Dimensions:0.2152 AC
Zoning:R3
Roof:Asphalt Shingle, Rubberized
Others:
  • ▪ Additional:Deck, Enclosed Porch(es), Storage Shed, Storm Door(s), Thermal Windows/Doors, Stone, Vinyl Siding, 2 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking
Sewer:Public Sewer
Parking Features:Attached Garage,Detached Garage
Principal Interest
$4,721
Taxes
$915

Home Price

$865,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$173,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,720.66

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,720.66 $915.08 $0.00 $5,635.74
Yearly $56,647.92 $10,981.00 $0.00 $67,628.92
Total $1,699,437.55 $329,430.00 $0.00 $2,028,867.55

Today's Rates

30 Year

7.25%

20 Year

7.06%

15 Year

6.58%

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Market insight data is pulled from the same city as the listing being viewed (Madison Boro, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-22T18:59:28.000Z

© 2026 Garden State MLS