$709,000
●
House -
For Sale
43 Miele Pl
Summit City, NJ 07901
2 Beds
1 Bath
$4,215
Est. Monthly
About This Property
Classic Cape Cod in Summit! Filled with natural light and beautiful
hardwood floors throughout, the first floor offers easy one-level
living with a bedroom, full bath, living room, and an expanded
kitchen that opens to the dining and breakfast areas. A
thoughtfully designed addition connects the kitchen directly to the
garage for seamless everyday access. Upstairs, a spacious second
bedroom is joined by an unfinished attic space with an egress
window already in place, a great opportunity to create a third
bedroom. The large unfinished basement features high ceilings and
Bilco door access to the side yard, ready to be finished. Outside,
the yard and lovely garden are the perfect spot to unwind, whether
you're tending to your plantings or relaxing outdoors. Commuters
will love being approximately 1.4 miles from the Summit train
station with direct service to NYC. Several schools are close by,
and downtown Summit's shops and restaurants are just minutes away.
Classic charm, room to grow, and an unbeatable location!
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$733
HOA Dues
-
Year Built
1953
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: 7 days ago (GSMLS #4058574)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Listed by KELLER WILLIAMS MID-TOWN DIRECT | $709,000 | |
| Listed by KELLER WILLIAMS MID-TOWN DIRECT | |||
Property Highlights
Air Conditioning
Garage
Parking Details
Has Garage
Parking Features: Attached
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Range/Oven-Gas
Flooring Type: Carpet, Tile, Wood
Rooms: 5
Basement: Unfinished
Exterior Details
Architectural Style: Cape Cod
Year Built: 1953
Construction Materials: Vinyl Siding
Lot Size Area: 5662.8
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5662.8
Water Source: Public
Financial Details
Tax Assessed Value: $196,800
Tax Annual Amount: $8,798
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Forced Air, 1 Unit
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Summit
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Last Updated: 7 days 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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