48 Nokomis Ave, Lake Hiawatha, NJ 07034

4 beds3 baths809 sqft

For Sale
Price cut: -$15,000 (9/23)
Zestimate®: $302,236
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My Notes

Amazing opportunity for well-maintained, income producing property in Parsippany. There are three units between two buildings consisting of a 2 bedroom house and a separate two family home. All units are rented with tenants and leases. The rent roll is over $3500. And, each unit has it's own private entrance. Location is a quiet residential street and yet it is in close proximity to library, post office, restaurants, shopping, etc. It is also convenient to major roadways and public transportation. There is plenty of off street parking and all heat, electric, and gas, are separately metered. Within the past 5 years all boilers/furnaces have been replaced, and the house has a gas fireplace. All this, and low taxes make this investment attractive. Schedule a showing today for this rare opportunity.  More Less 


  • Lot: 6,098 sqft
  • Multi Family
  • Built in 1940
  • 51 days on Zillow
  • Views since listing: 417
  • All time views: 4,532
  • Cooling: Other, Wall
  • Heating: Baseboard


  • Parking: Off street, 0 space

      Appliances Included

      • Dryer
      • Refrigerator
      • Washer

      Room Types

      • Laundry room


      • Exterior material: Vinyl
      • Roof type: Asphalt
      • Room count: 12
      • Stories: 2
      • Structure type: Other
      • Unit count: 1


      • Floor size: 809 sqft
      • Laundry: In Unit
      • Parcel #: 2900532000000015
      • Zillow Home ID: 39477190

      Zestimate Details

      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

      Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
      +$6,527 Last 30 days
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      +$71 Last 30 days
      Zestimate range
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      Comparable Homes

      Homes like this sold for $300K.


      Popularity on Zillow

      417 views since listing
      4,532 all-time (chart)


      Neighborhood: 07034

      Zillow predicts 07034 home values will fall 0.2% next year, compared to a 0.7% rise for Parsippany-Troy Hills Township as a whole. Among 07034 homes, this home is 84.4% more expensive than the midpoint (median) home, and is priced 196.5% more per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In the 07034 market, the number of foreclosures waiting to be sold shrank 0.8% in the last year. The number of unsold foreclosures is 34.7% greater than in Parsippany-Troy Hills Township, and 91.6% lower than the national average. This higher local number may prevent 07034 home values from rising as quickly as other regions in Parsippany-Troy Hills Township.
        read more Less 


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        Nearby Schools in Parsippany-Troy Hills Township

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

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