Morristown NJ Multi Family for Sale
$1,799,000
26 FRANKLIN PL Morristown, NJ 07960
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.27 Acres
- Baths:
- 6.00
- MLS#:
- 3923238
View additional info
Courtesy: SERHANT NEW JERSEY LLC
973-315-5959
ADDITIONAL INFORMATION
Here is your chance to own a 4 unit building on a picture perfect street in the heart of Morristown, with ample parking and tons of upside! Located on a wide, tree-lined street, between South St. & Morris and equidistant to the Morristown Green, 287 and the Morristown Train Station, you will not find a better location! Currently, this property consists of 4 units in total, 3 in the front house and 1 in the separate carriage house located in the back of the property. 1st floor was used as a doctor's office, and would be ideal for the owner occupant looking to purchase an income property while opening their own business in the professional office space below. Or, you can look into renovating the 1st floor professional space into 1 or 2 more residential units (Please check with the town and do your own due diligence on what could be allowed). 2nd, 3rd and Carriage house residential units are all nicely renovated as of 2022/23 and have fantastic tenants who are all looking to stay.
$689,000
21 MILLER ST Morristown, NJ 07960
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.37 Acres
- Year built:
- 1920
- Baths:
- 3.00
- MLS#:
- 3923231
View additional info
Courtesy: EXP REALTY, LLC
866-201-6210
ADDITIONAL INFORMATION
This charming three-family home presents a fantastic opportunity for both investors and owner-occupants. The property features a welcoming, large open porch and a spacious yard, perfect for outdoor enjoyment and relaxation.The first unit offers a cozy yet spacious 1-bedroom layout, complete with a full bathroom, a comfortable living room, and a well-appointed kitchen. The second unit features a eat-in kitchen, a living room, and one bedroom with access to a private deck. The third unit is a versatile studio with an open layout and a deck overlooking the backyard.Nestled in a vibrant neighborhood. Shared Laundry in the basement. This mulit-family home is conveniently located near local amenities, parks, and schools. Its prime Morristown location offers easy access to the town's best dining, shopping, and entertainment options. With its inviting interiors and sought-after location, this property is a rare find in today's market.
$850,000
73 MADISON ST Morristown, NJ 07960
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.15 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 3913793
View additional info
Courtesy: PRESTIGE PROPERTY GROUP MONTCLAIR
973-860-7595
ADDITIONAL INFORMATION
Welcome to 73 Madison St, Morristown NJ 07960. This gorgeous 2 family home was renovated in 2020 and meticulously maintained. Boasting 2 bedrooms and 1 bathroom in each unit, along with separate utilities! The second floor is rented for $2,350 and the first floor is vacant! The basement is unfinished. The lot is very large, with plenty of parking. 73 Madison is also within walking distance of downtown Morristown, making it a commuter's/renter's dream! The property is NOT in a flood zone!
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Morristown Real Estate
The median home value in Morristown, NJ is $822,000. This is higher than the county median home value of $427,800. The national median home value is $219,700. The average price of homes sold in Morristown, NJ is $822,000. Approximately 33.47% of Morristown homes are owned, compared to 56.36% rented, while 10.17% are vacant. Morristown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Morristown real estate agent to arrange a tour today!
Morristown, New Jersey has a population of 18,833. Morristown is less family-centric than the surrounding county with 28.84% of the households containing married families with children. The county average for households married with children is 38.31%.
The median household income in Morristown, New Jersey is $92,296. The median household income for the surrounding county is $107,034 compared to the national median of $57,652. The median age of people living in Morristown is 35.1 years.
Morristown Weather
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 18.8 degrees. The average rainfall is approximately 49.8 inches per year, with 28.4 inches of snow per year.