Four-Bedroom Multi-Family
1 Pocahontas Street Morristown, NJ 07960
1 Pocahontas Street, Morristown, NJ, 07960
$780,000
Pending
For Sale
$780,000
Pending
Well-maintained four-bedroom, three full-bath multifamily property with private lake access.
Property Size1,726 SF
Days on Market114
Property Features for 1 Pocahontas Street
General Information
- Standard status
- Pending
- Size
- 1,726 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1916
Listing agency
Compass
(917) 843-9209
Listed by
Michelle Leonardo · License #2293973
(917) 843-9209
Source
Compass
Added: Mar 30 Updated: Jul 20 at 9:58PM Checked: Jul 20 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This well-maintained multi-family property offers a four-bedroom configuration with three full bathrooms. The home is described as featuring spacious layouts and bright living areas, with flexibility for both investment and owner-occupant use.
The property includes private access to Lake Pocahontas. The listing also notes proximity to downtown Morristown and nearby transportation, shopping, dining, parks, and major highways.
For buyers seeking a multifamily residence with lake access and a larger bedroom and bath layout, this home presents a straightforward option based on the features provided in the listing.
The property includes private access to Lake Pocahontas. The listing also notes proximity to downtown Morristown and nearby transportation, shopping, dining, parks, and major highways.
For buyers seeking a multifamily residence with lake access and a larger bedroom and bath layout, this home presents a straightforward option based on the features provided in the listing.
Key Highlights
- 4‑bedroom, 3 full‑bath multi‑family property
- Built in 1916
- Well‑maintained with spacious, bright living areas
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.8k | $30.00 |
| − Vacancy | −$3.5k | −$2.04 |
| EGI | $48.3k | $27.96 |
| − OpEx | −$21.7k | −$12.58 |
| NOI | $26.5k | $15.38 |
1,726 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$379.2K
$331.8K – $442.4K
NOI $26,542 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.7K
$394.4K – $525.8K
NOI $31,549 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Well-maintained four-bedroom, three full-bath multifamily property with private lake access.
Where is this multifamily property located?
The property is located at 1 Pocahontas Street Morristown, NJ.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 4‑bedroom, 3 full‑bath multi‑family property; Built in 1916; Well‑maintained with spacious, bright living areas
