Essex
148 Myrtle Avenue
Listed by: Amanda Corry, [email protected], Compass New Jersey, LLC-Montclair, (973) 310-7360, Listing Courtesy of NJMLS
$715,000
●
House -
Off Market
148 Myrtle Avenue
Cedar Grove, NJ 07009
3 Beds
2 Baths,
1
Half Bath
$4,445
Est. Monthly
5.15%
Cap Rate
About This Property
Welcome to your dream home in Cedar Grove! This charming 3-bedroom,
1.5-bathroom colonial combines classic charm with modern amenities.
You'll be captivated by its stunning curb appeal and beautifully
landscaped front yard. Inside, discover hardwood floors throughout
the main living areas. The spacious living room and flexible floor
plan create a warm, inviting atmosphere for gatherings. The heart
of this home is the updated eat-in kitchen, featuring granite
countertops, a tile backsplash, and ample cabinet space. The
finished basement offers extra living space, perfect for a den,
home office, or playroom the possibilities are endless! One of the
standout features is the amazing backyard, ideal for summer
barbecues, gardening, or relaxing. The oversized garage provides
ample space for parking, storage, or a workshop. Located in
desirable Cedar Grove, this home is close to schools, Hilltop Park,
town pool, shopping, and dining. A NYC bus stop is located at the
end of the street!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$934
HOA Dues
-
Year Built
1948
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (NJMLS #24024831)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by Compass New Jersey, LLC-Montclair | $599,900 | |
| Listed by Compass New Jersey, LLC-Montclair | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Essex
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Listed by: Amanda Corry
Compass New Jersey, LLC-Montclair
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24024831
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Compass New Jersey, LLC-Montclair
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24024831
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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