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$865,000
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Property 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.
Full Property Details
Full Property Details for 55 Myrtle Ave
General
- Price: $865,000
- Taxes: $10,981 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4053370
- Updated: 9/17/2026
- Added to Site: 14 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Blinds, Carbon Monoxide Detector, Carpeting, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Deck, Enclosed Porch(es), Storage Shed, Storm Door(s), Thermal Windows/Doors
- Color: stone grey
Parking
- Garage: Yes
- Garage Spaces: 3
- Garage Description: Attached Garage, Detached Garage
Location
- County: Morris
- Driving Directions: Ridgedale Ave to Myrtle, between Canterbury and Avon
School Information
- Elementary School: Central
- Middle School: Madison Jr
- High School: Madison
Heating & Cooling
- Cooling Type: 2 Units, Central Air Conditioning
- Heating Type: 1 Unit, Auxiliary Electric Heat, Multi-Zone, Radiators - Steam
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water, Water Charge Extra
- Utility Description: Electric, Natural Gas, Cable TV Available, Fiber Optic Available, Garbage Included
Structural Information
- Architectural Style: 2-Two Story, Under/Over
- Exterior Const.: Stone, Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Asphalt Shingles, Rubberized
- Square Feet: 2,618
- Year Built: 1951
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room, Rec Room, Sunroom
- Levels/Stories: 2
- Fireplaces: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Kitchen, Living/Dining Room, Master Bedroom
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.22
- Lot Dimensions: 0.2152 AC
- Driveway/Sidewalk: 2 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking
- Zoning: R3
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $285,600
- Land Assmt: $201,600
- Tax Amount: $10,981
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 503
- Lot Number: 11
Listed by Re/Max Achievers
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Schools
Schools serving 55 Myrtle Ave
School District:Madison Borough School District
| Name | Grades | Distance |
|---|---|---|
Central Avenue Elementary School 50 Central Avenue, Madison, NJ 07940 | PK-5 | 0.5 mi |
Madison Junior Middle School 160 Main Street, Madison, NJ 07940 | 6-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 55 Myrtle Ave
Date
Details
Price
Change
Source
9/17/2026
Listed
$865,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 55 Myrtle Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,377
4%
$487,200
—
2022
$10,007
1%
$487,200
—
2021
$9,871
1%
$487,200
—
2020
$9,768
2%
$487,200
—
2019
$9,612
3%
$487,200
—
2018
$9,369
1%
$487,200
—
2017
$9,296
2%
$487,200
—
2016
$9,135
2%
$487,200
—
2015
$8,964
5%
$487,200
—
2013
$8,545
—
$487,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 55 Myrtle Ave
55 Myrtle Ave, Madison, NJ 07940 (MLS# 4053370) is a Multi-Family property with 2 units containing 3 bedrooms and 2 full bathrooms. 55 Myrtle Ave is currently listed for $865,000 and was received on September 17, 2026. Want to learn more about 55 Myrtle Ave? Do you have questions about finding other Multi-Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

