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    314 Cornelia St Boonton, NJ 07005

    For Sale
    $1,795,000

    Fourplex, Multi-Family - Boonton Town, NJ

    Property size:
    6,000 SF
    Lot size:
    0.63 Acres
    Days on Market:
    185
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 314 Cornelia St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI FAMILY
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room, Master Bedroom
    Bedrooms
    8
    Bathrooms
    4
    Parking
    8
    Parking features
    Driveway
    Interior features
    Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
    Exterior features
    Thermal Windows/Doors
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer/Dryer Combo, Washer/Dryer Stack
    Size
    6,000 SF
    Lot size
    0.63 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air, Ductless, Multi Units

    Building Details

    Year built
    1865
    Number of units
    4
    Building materials
    Cedar, Stone
    Roof type
    Slate
    Architectural style
    Other

    RE/MAX SELECT (973) 625-0450 [email protected]

    Listing agent JOSEPH MORREALE (973) 625-0450

    Listing date Jun 5, 2025

    MLS# 3967663 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Fourplex in Boonton Town

    The historic "Cornelia House," an 1865 Queen Ann Victorian, is available. Located a short walk from downtown, this grand, three-story, four-family property has approximately 6000 square feet of living space. The property includes a full walk-out unfinished basement and a detached two-car garage. A circular driveway provides ample parking, and the building sits on a large, level, private 0.63-acre lot. Unit 1 features two to three bedrooms and approximately 1500 sq ft. Unit 2 is a one-bedroom unit, and Unit 3 has two bedrooms. Unit 4 is approximately 2000 sq ft with three bedrooms and offers mountain views and a view of Boonton Reservoir. All units have new custom kitchens, custom bathrooms, luxury vinyl flooring, and LED lighting. Units 1 and 4 feature new natural gas heat and central air, while Units 2 and 3 have new split air heat and AC systems. All units have new windows and new electric hot water heaters, and each has separate electric. Sewer and water are shared. Most of the electric and plumbing is new. The detached two-car garage includes openers, and there is a new circular driveway. The original slate roof remains and is in good condition. The property is rumored to have been the first in Boonton to have electricity. The property is currently for rent and is close to public transportation, major routes, and shopping. It is suitable as an investment property or a residence with rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boonton
    County
    Morris
    State
    New Jersey
    Longitude
    -74.40813
    Latitude
    40.90758

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    FAQs

    What type of property is this?
    Apartment building - Renovated four-family Victorian with modern updates and mountain views.
    Where is this apartment building located?
    The property is located at 314 Cornelia St Boonton, NJ.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - Significant Income Potential: Four separate rental units offer substantial income.; - Extensive Renovations: Newly renovated units with **custom kitchens and bathrooms, new flooring, lighting, windows, and updated systems.**; - Spacious Living: Approximately 6000 sq ft of living space across three stories.
    (973) 625-0450
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    314 Cornelia St Boonton, NJ 07005
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    Boonton, NJ 07005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    314 Cornelia St Boonton, NJ 07005
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