30
Map
23 Morse Avenue
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Sold | ||
| Sold | |||
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by WEICHERT REALTORS - HOME CITY | $599,000 | |
| Listed by WEICHERT REALTORS - HOME CITY | |||
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Beautifully renovated home in one of Edison's most sought-after neighborhoods. Thoughtfully designed for modern living, this home features an upgraded kitchen with stainless steel appliances, abundant cabinetry, open shelving, and bar seating. The inviting living room is centered around a cozy fireplace, while a convenient powder room completes the main level. Large windows throughout fill the home with an abundance of natural light.Upstairs, all three spacious bedrooms feature private en-suite bathrooms, including a stunning primary suite with cathedral ceilings and its own fireplace. Enjoy outdoor living from the covered front porch or the expansive rear deck overlooking the oversized backyard. The unfinished basement offers ample storage space and endless possibilities for future customization. Ideally located near major highways, shopping, dining, and public transportation.
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| May 21, 2026 | Listed by EXP REALTY, LLC | $679,000 | |
| Listed by EXP REALTY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017