$795,000
●
House -
Off Market
28 Morris Ave #E
Summit City, NJ 07901
2 Beds
2.1 Baths
$3,904
Est. Monthly
1.18%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
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Price per sqft
-
Property Type
House
Property Taxes
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HOA Dues
-
Year Built
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Payment Calculator
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Down Payment
%
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 (GSMLS #3957726)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2025 | No longer available | - | |
| No longer available | |||
| Apr 26, 2025 | In contract | - | |
| In contract | |||
Property Highlights
Exterior Details
Year Built: 1981
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/18/2021
|
2 Bed
|
3 Bath
|
-
|
$600,000
2 Bed
3 Bath
|
-
-
|
Susan Devaney
Keller Williams Realty Westfield
| |
|
10/13/2021
|
2 Bed
|
4 Bath
|
-
|
$639,900
2 Bed
4 Bath
|
-
-
|
Ralph Barone
NJ REO Managment & Realty
| |
|
05/06/2020
|
2 Bed
|
4 Bath
|
-
|
$739,000
2 Bed
4 Bath
|
-
-
|
-
| |
|
08/01/2019
| |
2 Bed
|
4 Bath
|
-
|
$739,000
2 Bed
4 Bath
|
-
-
|
-
|
|
11/30/-0001
|
2 Bed
|
3 Bath
|
-
|
$899,000
2 Bed
3 Bath
|
$870,000
-3.23%
07/24/2026
|
Diane Terry
Keller Williams - Summit
| |
|
11/30/-0001
|
2 Bed
|
-
|
-
|
$799,999
2 Bed
-
|
-
-
|
Michelle Pais
Signature Realty NJ
| |
|
11/30/-0001
|
2 Bed
|
-
|
-
|
$789,000
2 Bed
-
|
-
-
|
JIANHUI YU
REALMART REALTY
| |
|
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$750,000
2 Bed
2.1 Bath
|
-
-
|
Susan Devaney
Keller Williams Realty Westfield
| |
|
11/30/-0001
|
3 Bed
|
2.1 Bath
|
-
|
$825,000
3 Bed
2.1 Bath
|
-
-
|
CYNTHIA APICELLA
KELLER WILLIAMS MID-TOWN DIRECT
| |
|
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$795,000
2 Bed
2.1 Bath
|
-
-
|
KIM CANNON
PROMINENT PROPERTIES SIR
| |
|
11/30/-0001
| |
2 Bed
|
2.1 Bath
|
-
|
$839,000
2 Bed
2.1 Bath
|
$840,000
+0.12%
04/10/2025
|
CYNTHIA APICELLA
KELLER WILLIAMS MID-TOWN DIRECT
|
|
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$739,000
2 Bed
2.1 Bath
|
$770,000
+4.19%
06/14/2024
|
WINIFRED CAVAZINI
PROMINENT PROPERTIES SIR
| |
|
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$699,000
2 Bed
2.1 Bath
|
$730,000
+4.43%
03/14/2024
|
WINIFRED CAVAZINI
PROMINENT PROPERTIES SIR
| |
|
11/30/-0001
|
2 Bed
|
3.1 Bath
|
-
|
$775,000
2 Bed
3.1 Bath
|
$770,000
-0.65%
09/28/2022
|
MARGARET MIGGINS
COMPASS NEW JERSEY, LLC
| |
|
11/30/-0001
|
2 Bed
|
2.1 Bath
|
-
|
$550,000
2 Bed
2.1 Bath
|
$500,000
-9.09%
03/31/2022
|
Susan Devaney
Keller Williams Realty Westfield
|
Building Info
About Summit
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Last Updated: 2 years ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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