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Middlesex
40 Runyon Avenue
Photo of 40 Runyon Avenue
Sold on Sep 18, 2026

9

Map

Photo of 40 Runyon Avenue
Photo of 40 Runyon Avenue
$425,000
● House - Off Market

40 Runyon Avenue

Edison, NJ 08817
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,328 Ft²
$2,592
Est. Monthly

About This Property

Turn-Key Potential Meets Instant Equity -  Welcome to an incredible opportunity! This 5-room Ranch features great bones and a massive head start on major updates, making it the perfect addition to your portfolio or your next profitable project.  While a recent inspection has revealed some structural and maintenance deficiencies the full report is available for your review. The heavy lifting on major mechanicals and cosmetics has already been tackled within the last five years. The home boasts a brand new roof, low-maintenance vinyl siding, newer windows, a newer furnace for peace of mind, and a modernized kitchen and bathroom updated within the last five years.  This property is being sold strictly AS-IS, and the seller will accept cash offers or renovation financing only. The home is vacant, on lockbox, easy to show, and immediately available for a fast closing. Bring your contractor, review the report, and submit your offer today!
Unit Size
1,328 Ft²
Days on Market
62 days
Land Size
0.20 acres
Price per sqft
$305
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1951

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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 months ago (CJMLS #2701032R)

Price History

Date / Event Date Event Price
Sep 18, 2026 Sold
Premium
Sold
Aug 7, 2026 In contract -
In contract
Jul 18, 2026 Listed by AMERICAN REALTY SERVICE GROUP, INC. $404,900
Listed by AMERICAN REALTY SERVICE GROUP, INC.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,800
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,328
  • Building Area: 1,328
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,328
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001502

Zoning

  • Zoning: RB

Geography

  • Assessors Map Reference: TAX MAP 21
  • Account Number: 00023006
  • District: 05
  • Parcel: 05 00816-0000-00041
  • Block: 816
  • Lot: 41
  • Municipality: EDISON TWP
  • Latitude: 40.519
  • Longitude: -74.4022

    Address

  • Full Address: 40 Runyon Ave
  • Address - House Number: 40
  • Address - Street Name: Runyon
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Edison
  • Carrier Code: C002
  • 4-Digit Zip Code: 3232
  • Zip Code: 08817

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $720,237

    Appraisal Valuation

  • Standard Deviation: 0.1985
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 447,106
  • High Value: 535,894
  • Low Value: 358,318

    Market Valuation

  • Market Total Value: $121,600
  • Market Land Value: $83,300
  • Market Improvement Value: $38,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,600
  • Assessed Land Value: $83,300
  • Assessed Improvements Value: $38,300

    Sales

  • Current Sale Contract Date: Jan 27, 2016
  • Current Sale Recording Date: Apr 15, 2016
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 201604150173
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 Middlesex

Stats & Trends

Median Asking:

$564,900

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

75

Average Home Size

1358 ft²

Average Home Age

42.9 years

Currently For Sale

1850 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 92 Coleman Street, NJ, 08817

$6,800 /mo

  • 5 Beds
  • 2 Baths
92 Coleman Street, NJ, 08817 Listing by AMANDA LEARY
Unit for rent at 23 Cardownie Street, NJ, 08817

$6,800 /mo

  • 5 Beds
  • 2 Baths
23 Cardownie Street, NJ, 08817 Listing by AMANDA LEARY
Unit for rent at 75 School Street, Piscataway, NJ, 08854

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,984 ft²
75 School Street, Piscataway, NJ, 08854 Listing by JEREMIAH TANIOUS

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: PATRICK FOX JR.
AMERICAN REALTY SERVICE GROUP, INC.
Last Updated: 2 months ago
Data Source: CJMLS , MLS# 2701032R

Frequently Asked Questions

When was property at 40 Runyon Avenue built and last sold?
The property at 40 Runyon Avenue was built in 1951 and last sold on Jan 27, 2016 for $0.
How much is this home worth?
The estimated value of the home located at 40 Runyon Avenue is $412,159.
What are some comparable homes to 40 Runyon Avenue?
There are currently no comparable homes to 40 Runyon Avenue.
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