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    235 Martin Luther King Ave Morristown, NJ 07960

    For Lease
    $6,500 /Mo

    Multifamily property available for rent in Morris Township, NJ.

    Lot size:
    0.17 Acres

    Property Features for 235 Martin Luther King Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    2025

    Source: KELLER WILLIAMS METROPOLITAN Agent LOUIS PENNACCHIO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property for Rent

    A multifamily property is available for rent at 235 Martin Luther King Ave in Morris Township, NJ. The listed price is $6500.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4723337
    Latitude
    40.8076115

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property available for rent in Morris Township, NJ.
    Where is this multifamily property located?
    The property is located at 235 Martin Luther King Ave Morristown, NJ.
    What are key features of this property?
    This property features: - Year Built: 2025 (New Construction); - Price: $11
    (973) 539-1120
    Request Owner's contact information
    235 Martin Luther King Ave Morristown, NJ 07960
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    Morristown, NJ 07960
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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
    235 Martin Luther King Ave Morristown, NJ 07960
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