Listed by: Lauren Orsini, [email protected], Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair, (973) 744-5544, Listing Courtesy of NJMLS
$865,000
●
House -
Off Market
31 Niles Avenue
Madison Borough, NJ 07940
3 Beds
2 Baths,
1
Half Bath
$5,018
Est. Monthly
3.58%
Cap Rate
About This Property
WELCOME to 31 Niles in Madison! Step into this exceptional colonial
home and prepare to be enamored by its sun-drenched interiors and
charming details. As you enter, you'll be greeted by a spacious
foyer with gleaming hardwood floors, setting the tone for the
elegance within. Relax in the inviting living room, featuring
beautiful built-in bookcases, a stunning wood mantel, and
decorative fireplace - the perfect spot to unwind after a long day.
Entertain guests in the gracious dining room, adorned with lovely
moldings and oversized sliders leading to the rear deck and yard,
creating seamless indoor-outdoor living. The heart of the home
awaits in the updated kitchen, boasting granite countertops,
stainless steel appliances, and abundant natural light. With a view
and easy access to the backyard, this kitchen is sure to inspire
culinary creativity. Don't miss the powder room Completing first
level. Upstairs, discover the spacious primary bedroom, large
enough for a king bed, featurin
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$770
HOA Dues
-
Year Built
1927
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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: 3 years ago (NJMLS #24012028)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | In contract | - | |
| In contract | |||
| Apr 23, 2024 | Listed by Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair | $699,000 | |
| Listed by Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair | |||
Property Highlights
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Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Madison
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Listed by: Lauren Orsini
Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24012028
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.
Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24012028
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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