Triplex Requiring
New
For Sale
$650,000
53 Western Ave, Morristown, NJ 07960
Four electric meters and four gas meters for stoves serve the property.
Property SizeContact for details
Days on Market3
Property Features for 53 Western Ave
General Information
Standard status
Active
Property subtype
Multi Family
Property Condition
Severity
Major Repairs Needed
Evidence
total renovation
Units
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,165
Building Details
Year Built
1900
Units
3
Listing Agency:
Keller Williams Realty Metropolitan
Listed By:
LOUIS PENNACCHIO
(973) 539-1120
Source:
Elliman
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 5:55PM
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 Keller Williams Realty Metropolitan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this three-unit property requires comprehensive renovation. The building has four electric meters and four gas meters serving stoves.
Downtown dining, theater, movies, and shopping are nearby, along with bus and train service.
Downtown dining, theater, movies, and shopping are nearby, along with bus and train service.
Key Highlights
- Three‑unit multifamily property
- Built in 1900
- Four electric meters and four gas meters for stoves
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 07960, NJ
45,609
Population
18,978
Households
2.4
Avg Household Size
40
Median Age
68%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
1,318
Density / Sq Mi
$149,462
Median Household Income
$75,266
Median Earnings
$2,173
Median Rent
$701,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Four electric meters and four gas meters for stoves serve the property.
Where is this triplex located?
The property is located at 53 Western Ave Morristown, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Built in 1900; Four electric meters and four gas meters for stoves
