$999,000
↓ $100K (9.1%)
●
House -
For Sale
41 Locust
Emerson, NJ 07630
5 Beds
3 Baths,
1
Half Bath
$6,281
Est. Monthly
About This Property
Home is mother/daughter style. Upstairs is one bed, one bath,
living room, and second kitchen. Upstairs has separate utilities.
Main floor is 4 beds, 1.5 bath. Fully renovated throughout as well
new roof and gutters. Partially finished basement with separate
entrance and another full bath. Home is in RB - Residential,
Single-Family and Two-Family zone. Home can be converted into
multi-family with town approvals. 120 ft by 140 ft lot. Walking
distance to train station. Home is currently rented. Please inquire
for more photos and videos.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,375
HOA Dues
-
Year Built
1954
Listed By
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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: 14 days ago (NJMLS #26031979)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$999,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Sep 21, 2026 | Price Decreased |
$1,099,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Aug 24, 2026 | Listed by Realmart Realty, LLC | $1,199,000 | |
| Listed by Realmart Realty, LLC | |||
| Apr 14, 2024 | No longer available | - | |
| No longer available | |||
| Mar 22, 2024 | Price Decreased |
$2,400
↓ $200
(7.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Parking Features: Park Space
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Flooring Type: Hardwood
Rooms: 12
Basement: Finished
Exterior Details
Architectural Style: Cape Cod
Year Built: 1950
Waterfront Features: None
Construction Materials: Brick, Vinyl Siding
Pool Features: None
Financial Details
Tax Annual Amount: $16,500
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Natural Gas, Hot Air
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Emerson
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Listed by: Qizhan Yao
Realmart Realty, LLC
Last Updated: 14 days ago
Data Source: NJMLS , MLS#
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.
Realmart Realty, LLC
Last Updated: 14 days ago
Data Source: NJMLS , MLS#
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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