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Four-Unit Apartment Building
New
For Sale
$950,000

66 Abbett Ave, Morristown, NJ 07960

Four two-bedroom apartments feature large rooms and natural gas service.

Property SizeContact for details
Days on Market3

Property Features for 66 Abbett Ave

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Public Transit Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $15,514

Building Details

Year Built 1916
Units 4
Listing Agency: Realty Executives Exceptional Realtors
Listed By: CHRISTOPHER L. BRUSCINO · License #267089
Source: Elliman
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:20AM

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 Realty Executives Exceptional Realtors

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Investment Insights

Based on property information with market context.

This 1916 apartment property contains four two-bedroom units, each with large rooms and natural gas service. Its four-unit configuration offers a compact residential income property in Morristown.

The property is a few minutes from a train station, shopping, restaurants, and pubs. Walk Score is 78, Bike Score is 25, and Transit Score is 31.

Key Highlights

  • Four two‑bedroom apartments
  • Large rooms in each apartment
  • Built in 1916

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Garden Center Veterinary Clinic (Bike/Boat/Book/etc) Store Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

2,647
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four two-bedroom apartments feature large rooms and natural gas service.
Where is this quadplex located?
The property is located at 66 Abbett Ave Morristown, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four two‑bedroom apartments; Large rooms in each apartment; Built in 1916
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