$1,600,000
A rare opportunity to acquire a newly reconstructed, fully leased side-by-side legal two-family in one of Morristown's most desirable and walkable neighborhoods. Sold subject to existing leases, this stabilized investment offers immediate rental income with minimal landlord responsibilities, as tenants pay their own gas and electric utilities.The property consists of… Read More a 5-bedroom, 3.5-bath residence and a 3-bedroom, 3.5-bath residence, each with private entrances, separate utilities, finished basements, top-floor laundry, and dedicated ground-level storage rooms with separate exterior access. A detached 3-car garage adds further value.Unlike many older multi-family properties in Morristown, this foundation-up reconstructed duplex offers modern construction, high-end finishes, high-efficiency HVAC systems, advanced ERV ventilation, enhanced insulation, and reduced near-term maintenance.Ideally located within walking distance of Morristown Green, Headquarters Plaza, Morristown Medical Center, NJ Transit, major employers, restaurants, shopping, and entertainment. A turnkey investment with immediate cash flow in one of Northern New Jersey's strongest and fastest-growing rental markets. Includes a two-year Home Protection Plan. Read Less
Courtesy of WEICHERT REALTORS.
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,673
Lot Size
0.67 Acres
Year Built
2026
MLS Number
4036537
30 Days Snapshot Of 07960
$1.17M
+12%
(avg) sold price
34
-12%
homes sold
77
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished, French Drain, Full, Walkout, Yes
Building
Built in 2026, Renovated in 2026
Cooling
4+ Units, Central Air, Heatpump, Multi-Zone Cooling
Expenses
Expenses: Cold Water, Insurance, Maintenance, Taxes
Exterior Features
Stucco, Vertical Siding, Vinyl Siding, Thermal Windows/Doors
Garage
3 garage spaces, Detached Garage
Water Features
Gas, Public Water
Heating
Electric, 4+ Units, Forced Hot Air, Heat Pump, Multi-Zone
Interior Features
Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors
Lot
Approximate Lot Size: 29300SF, 0.67 acres, Backs to Park Land, Skyline View
Parking
On-Street Parking
Property
3,673 sqft building, 2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $12,788, Tax Rate: 1.760
Unit One
3 bedrooms, 3 bathrooms, 1,537 sqft, Handicap Accessibility: No, Ceiling Fan(s), Dishwasher, Instant Hot Water, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Stackable Washer/Dryer
Unit Two
3 bedrooms, 5 bathrooms, 1,990 sqft, Handicap Accessibility: No, Ceiling Fan(s), Dishwasher, Instant Hot Water, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Stackable Washer/Dryer
Utilities
Electric, Gas-Natural, Cable TV Available, Fiber Optic Available, Garbage Included
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Yesenia Alcivar
Realtor
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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