Three-Unit Multifamily
New
For Sale
$650,000
53 Western Ave, Morristown, NJ 07960
Multi-Family, 3-Three Story, Morristown Town, NJ
Property SizeContact for details
Lot Size0.18 Acres
Days on Market2
Property Features for 53 Western Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Basement
Subdivision
In Town
Directions
Washington St to Western or Chestnut to Ann to Western
Standard status
Active
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11165
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS METROPOLITAN · Keller Williams Realty
Listed By:
LOUIS PENNACCHIO
(973) 539-1120
Added: Oct 22
Last Checked: Oct 23 at 11:06PM
MLS# 4060677
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit multifamily property dates to 1900 and occupies a 0.18-acre parcel. The listed room details include three bedrooms, three bathrooms, and a basement. The building is described as needing a full renovation, and separate electric and gas meters are present for the units.
Public water and public sewer serve the property. Cable is available, and the roof is shingle.
Public water and public sewer serve the property. Cable is available, and the roof is shingle.
Key Highlights
- Three‑unit multifamily property on 0.18 acres
- Built in 1900; building requires a full renovation
- Four electric meters and four gas meters
Property Analytics
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Lease Details
3
Residential units
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The 0.18-acre property has public water and sewer service, with separate electric and gas meters for its units.
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 on 0.18 acres; Built in 1900; building requires a full renovation; Four electric meters and four gas meters
