Closed$1,199,999
TLC ≈ $8,959/mo
4 3 2,732 sqft
198 Kings Road, Madison, NJ 07940
9 North Street, Madison, NJ 07940
$899,000
0 beds 2 baths 2,412 sqft Built 19203 days on marketActive
About this home
Prime two-family opportunity in the heart of Madison! Discover the possibilities at 9 north street, a charming two-family where location, versatility, and investment potential come together! Ideally situated near Madison's vibrant downtown, NJ transit train station, restaurants, shopping & parks, this 2-family home combines location, character & potential! Each spacious unit features 2 bedrooms, 1 full bath, eat-in kitchen, comfortable living room and hardwood floors. The 1st floor unit boasts an updated kitchen, direct basement access and a back deck. The 2nd floor unit offers additional finished living space on the 3rd floor, perfect for a variety of uses including a 3rd bedroom. A full unfinished basement provides generous storage with laundry area (shared access), utilities with Bilco-door access. Detached 2-car garage adds convenience & value plus there is a sizable & private backyard perfect for relaxing & gatherings. Ideal for investors seeking rental income or owner-occupants looking to offset housing expenses! With its desirable location, versatile layout, and opportunity to add value through improvements, this property is ready for its next chapter. Enjoy Madison's charming downtown, convenient NYC commute, and vibrant community atmosphere. Bring your vision and invest in location, lifestyle, and potential.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 4% APR.
Your estimated payment
$6,314/mo
- Real estate (PITI + HOA + PMI)
- $6,093
- Utilities
- $703
- Transportation
- $110
- Other (entertainment)
- $143
Principal + interest$4,077
Property tax + insurance$1,679
PMI / 2nd mortgage$337
Heating + cooling$197
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$110
Budget$6,814/mo
Remaining after TLC$500/mo
Purchase price
$899,000
Down payment
$44,950 (5%)
Loan amount
$854,050
APR
4%
Quick facts
Type
2 Family
Style
—
Year built
1920
Lot size
0.18 ac
Stories
3
Heating
Radiant, Radiators-Hot Water
Cooling
Ceiling Fan(s),None
Water
Public
HOA
—
Annual tax
$9,323
MLS #
2707160R
County
Morris
At a glance
Basement
Garage (2)
Home features
Appliances
Water Heater(Gas)Water HeaterUnit 1(Range/OvenRefrigerator)Unit 2(Range/OvenRefrigerator)
Interior
Unit 1(Dining Room2 BedroomsKitchen1 BathLiving Room)Unit 2(Dining Room2 BedroomsKitchen1 BathLiving Room)
Parking
GarageDetached4(+)Car Parking
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Shopping, Level
Neighborhood — 07940
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 17,869 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 6.00% | 14.00% | 20.00% |
| Population Density | 3,561 | 1,137 | — |
| Male | 8,524 | 4,307,827 | 147,432,321 |
| Female | 9,345 | 4,525,010 | 151,655,844 |
| Never Married | 4,631 | 1,965,811 | 63,775,926 |
| Married | 7,378 | 3,647,435 | 123,120,365 |
| Separated | 1,101 | 391,239 | 12,639,686 |
| Widowed | 843 | 515,172 | 15,467,586 |
| Divorced | 878 | 529,393 | 23,075,029 |
| Number Of House Hold | 5,926 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.55 | 2.73 | 2.60 |
| Medial Age | 34.03 | 37.15 | 35.46 |
| Median House Hold Income | $97,069 | $63,392 | $48,276 |
| Average House Hold Income | $141,850 | $83,312 | $63,629 |
| P C I | $49,986 | $30,662 | $24,529 |
| M D I | $75,082 | $52,505 | $41,133 |
| A T H E | $91,470 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 84.49% | 81.02% | 77.74% |
(Zip) Code
7940
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Open houses
- —
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 10/31/2026. Provided courtesy of KELLER WILLIAMS METROPOLITAN via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.