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    18 Hillairy Ave Morristown, NJ 07960

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    For Sale
    $849,900

    Multifamily residential income property available for purchase in Morristown.

    Lot size:
    0.25 Acres

    Property Features for 18 Hillairy Ave

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1926

    Source: WALKER'S REALTY Agent CHRISTOPHER PARICIO

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

    Overview

    Morristown Multifamily Residential Income Property

    This multifamily residential income property is available for sale. The list price is $849900.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4751832
    Latitude
    40.8061653

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily residential income property available for purchase in Morristown.
    Where is this multifamily property located?
    The property is located at 18 Hillairy Ave Morristown, NJ.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: - Year Built: 1926
    (201) 580-5252
    Request Owner's contact information
    18 Hillairy 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
    18 Hillairy Ave Morristown, NJ 07960
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