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Renovated Historic Quadplex
For Sale
$1,795,000

314 Cornelia Street Unit 4, Boonton, NJ 07005

Four residential units feature updated kitchens, bathrooms, flooring, lighting, and separate electric service.

Property Size1,500 SF
Price / SF$1,196
Days on Market329

Property Features for 314 Cornelia Street Unit 4

General Information

Standard status Active
Size 1,500 SF
Total Parking Spaces 2
Property subtype Multi Family / Fourplex

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 1 x 2/3BR, 1 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $20,266

Amenities

Yes
Slate
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Bilco-Style Door, Full, Unfinished, Walkout
Thermal Windows/Doors
Cedar Siding, Stone

Building Details

Year Built 1865
Buildings 1
Stories 3
Construction Queen Anne Victorian
Listing Agency: RE/MAX SELECT
Listed By: JOSEPH MORREALE · License #245954
Source: Compass
Added: Oct 6, 2025 Changed: Aug 29 Last Checked: Aug 29 at 3:53PM

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 RE/MAX SELECT

Investment Insights

Based on property information with market context.

Built in 1865, this three-story quadplex contains four residential units with approximately 6,000 square feet of living space. Recent improvements include custom kitchens and bathrooms, luxury vinyl flooring, LED lighting, new windows, and new electric hot water heaters. Units 1 and 4 have natural gas heat with central air, while Units 2 and 3 use split heating and air-conditioning systems. Most electric and plumbing has been updated, and each unit has separate electric service; water and sewer are shared.

The property includes a full, unfinished walkout basement, a detached two-car garage with openers, a new circular driveway, and additional parking on a large level lot. The original slate roof remains in good condition. Unit 4 offers approximately 2,000 square feet with three bedrooms and views toward the mountains and Boonton Reservoir. The property is within walking distance of downtown and near public transportation, major routes, and shopping.

Key Highlights

  • 1865‑built, three‑story quadplex with four residential units
  • Approximately 6,000 square feet of living space with a full unfinished walkout basement
  • Unit mix includes 2/3 bedrooms, 1 bedroom, 2 bedrooms, and approximately 2,000 square feet with 3 bedrooms

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Daycare Center Bakery Parking Lot & Garage Restaurant Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

939
Businesses Nearby

Demographics for 07005, NJ

15,985
Population
6,115
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
96%
High-School Grad
18.3 sq mi
ZIP Area
873
Density / Sq Mi
$126,411
Median Household Income
$66,198
Median Earnings
$1,779
Median Rent
$565,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units feature updated kitchens, bathrooms, flooring, lighting, and separate electric service.
Where is this quadplex located?
The property is located at 314 Cornelia Street Unit 4 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: 1865‑built, three‑story quadplex with four residential units; Approximately 6,000 square feet of living space with a full unfinished walkout basement; Unit mix includes 2/3 bedrooms, 1 bedroom, 2 bedrooms, and approximately 2,000 square feet with 3 bedrooms
More about this property
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