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Morris
40 5Th Ave
$55,000
● Land - Off Market

40 5Th Ave

Mine Hill Twp., NJ 07803
bedrooms
Studio
bathrooms
0 Bath
$369
Est. Monthly
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Payment Calculator

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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 (GSMLS #3844750)

Price History

Date / Event Date Event Price
Mar 12, 2024 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 176,854
  • Total Building Area: 1,424
  • Building Area: 1,424
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,424
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004060
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Mine Hill Township School District
  • Census Tract: 045200

Zoning

  • Zoning: SF

Geography

  • Account Number: 00400093
  • District: 20
  • Parcel: 20 01618-0000-00002
  • Block: 1618
  • Lot: 2
  • Municipality: MINE HILL TWP
  • Latitude: 40.8826
  • Longitude: -74.5841

    Address

  • Full Address: 40 5th Ave
  • Address - House Number: 40
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Mine Hill
  • Zip Code: 07803

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $637,417

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 327,736
  • High Value: 387,817
  • Low Value: 267,655

    Market Valuation

  • Market Total Value: $271,614
  • Market Land Value: $256,372
  • Market Improvement Value: $15,242

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $217,400
  • Assessed Land Value: $205,200
  • Assessed Improvements Value: $12,200

    Sales

  • Current Sale Contract Date: Mar 11, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10783
  • Previous Sale Recording Date: Dec 06, 2007
  • Previous Sale Contract Date: Dec 04, 2007
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morris

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$348

Below Asking

0.01%

Average Days on Market

59

Average Home Size

814 ft²

Average Home Age

22.3 years

Currently For Sale

932 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 91 Park Heights Ave, Dover Town, 07801-3220

$1,895 /mo

  • 1 Bed
  • 1 Bath
91 Park Heights Ave #2A, Dover Town, 07801-3220 Listing by CHRISTOPHER L. BRUSCINO
Unit for rent at 53 Robert St, Wharton Boro, 07885

$2,100 /mo

  • 2 Beds
  • 1 Bath
53 Robert St #A, Wharton Boro, 07885 Listing by DAVID P WAINWRIGHT

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 3 years ago
Data Source: GSMLS, MLS# 3844750
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.

Frequently Asked Questions

When was property at 40 5th Avenue built and last sold?
The property at 40 5th Avenue was built in and last sold on Mar 11, 2024 for $55,000.
How much is this home worth?
The estimated value of the home located at 40 5th Avenue is $75,750.
What are some comparable homes to 40 5th Avenue?
There are currently no comparable homes to 40 5th Avenue.
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