38 Walnut St, Madison, NJ 07940
Property image
Property image
OFF MARKET

$1,017,500

Trulia Estimate
as of Sep 6, 2026
  • 4 Beds
  • 2 Baths
  • 1,720 sqft

38 Walnut St, Madison, NJ 07940

Home Highlights

Single-Family Home
1,720 sqft
$592/sqft
Attached Garage

Local Information

  • Map ViewExplore the area around 38 Walnut St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Available Immediately. This Town Adjacent 4 Bedroom, 2 Bath Bi-level with 2 car garage offers the convenience of location, just a few blocks to shops, restaurants & NYC train. Main Level includes a bright, open Living/Dining/Kitchen Space, plus 3 bedrooms and main bath. Lower level boasts a brand new vinyl planking floor in the Family Room and 4th Bedroom, 2nd Bath, Laundry, direct access to the garage, and sliders to the private back patio. Many updates: New Roof, A/C, Hot Water Heater, Dishwasher, Microwave. LISTED BY OWNER - NO BROKER FEES.

Owner Pays Sewer & Trash Removal. Tenant pays Electric, Gas, Heat, Hot Water, Water, Lawn Maintenance & Snow Removal. $350 Cleaning Fee at end of Lease. Inquire about Pet Policy. Additional $250/mo to include lawn care & snow removal. No Smoking.
38 Walnut St, Madison, NJ 07940 is a 4 bedroom, 2 bathroom, 1,720 sqft single-family home. It last sold for $500,000 on Jun 22, 2012 (8,991% above the $5,500 asking price). More recently, it was listed as a rental in May 2025 with an asking price of $5,500 per month. That rental listing was removed on May 28, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,017,500, with a rent estimate of $5,151/month.

Home Details for 38 Walnut St

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 Year

Interior Features

Appliances & Utilities
DryerWasher
Heating & Cooling
Air ConditioningCooling System: Central Air
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Parking & Garage
Parking: Attached Off Street, On Site

Comparable Sales for 38 Walnut St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
47 Ridgedale Ave, Madison, NJ
0.02
Single-Family Home
$530,000
03/03/26
3
3
1,564 sqft
9 Belmont Ave, Madison, NJ
0.69
Single-Family Home
$668,000
11/13/25
2
1.5
1,064 sqft
6 Ross Ct, Madison, NJ
0.79
Single-Family Home
$600,000
01/29/26
5
2.5
2,498 sqft
61 Wayne Blvd, Madison, NJ
0.14
Single-Family Home
$1,031,000
07/08/26
3
3
-
14 Buckingham Dr, Madison, NJ
0.37
Single-Family Home
$1,105,000
04/07/26
4
2
-
8 Anthony Dr, Madison, NJ
0.25
Single-Family Home
$1,100,000
12/19/25
4
3
-
60 Greenwood Ave, Madison, NJ
0.33
Single-Family Home
$1,400,000
03/16/26
4
2
-
58 Park Ave, Madison, NJ
0.24
Single-Family Home
$955,000
05/12/26
5
3
-
6 Myrtle Ave, Madison, NJ
0.14
Single-Family Home
$1,650,000
05/29/26
5
3
-
33 Hoyt St, Madison, NJ
0.49
Single-Family Home
$1,260,000
06/30/26
4
2
-

Nearby homes

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Rental Market Trends in Madison

Last updated Sep 2026
Trulia Rent Estimate$5,151/mo
Average rent
$3.4K
$98MoM
Available listings
34
View rental market trends in Madison, NJ

Around this home

What Locals Say about Madison

At least 147 Trulia users voted on each feature.

  • 90 % Say people would walk alone at night

  • 88 % Say it's dog friendly

  • 84 % Say there are sidewalks

  • 83 % Say parking is easy

  • 82 % Say there's holiday spirit

  • 80 % Say it's walkable to restaurants

  • 80 % Say streets are well-lit

  • 78 % Say it's walkable to grocery stores

  • 77 % Say kids play outside

  • 76 % Say car is needed

  • 73 % Say yards are well-kept

  • 69 % Say it's quiet

  • 65 % Say they plan to stay for at least 5 years

  • 59 % Say neighbors are friendly

  • 56 % Say there's wildlife

  • 55 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Heathermdelvalle
    "Fun downtown. Great schools. Cool people."
    0
    Flag
  • Lee Vanderpool
    "Multiple train options w frequent, direct trains into NYC (50 mins). Boxcar is also available but can take a little longer, depending on traffic (although more convenient). Drive to Secaucus is also an option."
    1
    Flag
  • Trulia User
    "Grew up here my entire life. My neighbors became like family to me and I am lucky to know them. There’s a strong sense of community in the everyday life, people talk to their neighbors beyond the generic “how are ya”."
    0
    Flag
  • Poxner
    "Great dog park and easy to meet new people with dogs and your neighbors while walking your dog around town. "
    2
    Flag
  • Lellis444
    "I’ve lived I this neighborhood for 36 years, it’s quiet and well maintained. It’s within walking distance to elementary, middle and high schools and the historic downtown and the train station. "
    3
    Flag
  • Terry D.
    "Best town in NJ! Beautiful, safe, good schools and great town management. The city of Madison runs like a well oiled machine. They take care of everything! We love living here!"
    3
    Flag
  • Cassandra L.
    "Great neighbors! People know each other and look out for each other. fantastic location, walking distance to train, downtown, schools and parks."
    0
    Flag
  • Westend200
    "It’s a beautiful neighborhood with great facilities. The shopping provide for a wide variety of convenience stores. It is fantastic for raising children. It’s location provides easy access to many key locations. "
    1
    Flag
  • Frances D.
    "People are polite in general and patriotic. There are a lot of finance people who commute to NYC. The town has history; dates back to 1700’s. Decent bars and restaurants. Three colleges nearby. Quaintish downtown area. "
    1
    Flag
  • gail e.
    "Lived here 38 yrs. great place to raise kids. Great schools. Walkable town. Many community events. "
    0
    Flag
  • Aspelker
    "Great schools with easy access to the city by train. "
    1
    Flag
  • Homesforsalenj
    "Love the town and this side of town has best of everything! Bussing to schools Access to Shopping without the traffic lights Quick access to NYC & rte 78 "
    0
    Flag
  • bvielehr
    "Madison is a wonderful town in all ways"
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
May 28, 2025
Source: Zillow Rentals
ListingRemoved
$5,500
May 8, 2025
Source: Zillow Rentals
Listed For Rent
$5,500
May 7, 2023
Source: Zillow Rentals
ListingRemoved
Apr 30, 2023
Source: Zillow Rentals
Listed For Rent
$5,500
Jul 21, 2022
Source: GSMLS #3776713
ListingRemoved

Frequently asked questions about 38 Walnut St

  • What is 38 Walnut St estimated to be worth?
    Trulia's estimated value for 38 Walnut St in Madison, NJ is $1,017,500.
  • What is the price history for 38 Walnut St?
    38 Walnut St in Madison, NJ last sold for $500,000 in June 2012.
  • Is Madison a buyer's or seller's market?
    Madison is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Madison?
    Residents describe Madison, NJ as dog-friendly, pedestrian-friendly, and easy to park in. See recently sold homes in Madison, NJ.
  • Does 38 Walnut St have air conditioning?
    Yes, 38 Walnut St in Madison, NJ has air conditioning.
  • Does 38 Walnut St have laundry facilities?
    Yes, 38 Walnut St in Madison, NJ has in-unit laundry.

Homes for rent near 38 Walnut St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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