5938 Madison Street, Ridgewood, NY

About 5938 Madison Street

Nestled in the heart of the Central Ridgewood Historic District, this charming two-family home offers character, convenience, and exceptional potential. Located one block from the Forest Ave station (M Train) and walking distance to the vibrant shops, restaurants, and markets along Fresh Pond Road, this property combines historic charm with unbeatable city access. Inside, you’ll find original woodwork throughout and classic pocket doors in the first-floor bedroom, showcasing the craftsmanship of a bygone era. The home features separate water, gas, and electric meters, making it ideal for multi-unit living or investment purposes. The partially finished basement, with its generous ceiling height and two means of egress, offers the opportunity to easily convert the property into a three-family home. Recent improvements include a brand-new boiler and two newer hot water hydronic systems, along with a well-maintained roof that ensures peace of mind. While upgrades and cosmetic updates are needed, the home has been well cared for and will be sold as-is, allowing you to bring your vision to life. With its combination of location, historic appeal, and income potential, 5938 Madison St is a rare opportunity in one of Queens’ most sought after neighborhoods.

Listing Map