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Four-Unit Residential Income Property
New
For Sale
$950,000

66 Abbett Ave, Morristown, NJ 07960

Multi-Family, 2-Two Story, Morristown Town, NJ

Property SizeContact for details
Lot Size0.13 Acres
Days on Market2

Property Features for 66 Abbett Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bedroom 8, Bedroom 4, Basement, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 3
Interior features Carbon Monoxide Detector, Fire Extinguisher
Exterior features Curbs, Sidewalk, Thermal Windows/Doors
Lot features Open Lot
Directions Route 287 To Morristown
Standard status Active
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 15514

Utilities

Utilities Cable Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1916
Floors in Building 2
Number of units 4
Roof type Shingle
Architectural style Other
Listing Agency: REALTY EXECUTIVES EXCEPTIONAL · Realty Executives International
Listed By: CHRISTOPHER L. BRUSCINO · License #267089
Added: Oct 12 Last Checked: Oct 13 at 8:06PM
MLS# 4058449

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.

Investment Insights

Based on property information with market context.

This two-story residential income property contains four apartments, each configured with two bedrooms. Built in 1916, the building sits on a 0.13-acre parcel and has a shingle roof. Interior safety features include a carbon monoxide detector and fire extinguisher; thermal windows and doors are also present.

Public water and sewer serve the property, and cable is available. The address is near Morristown’s train station, shopping, restaurants, and pubs.

Key Highlights

  • Four apartments, each with two bedrooms
  • Two‑story building constructed in 1916
  • 0.13‑acre parcel

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
View Realmo Analytics

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 two-bedroom apartments offer a straightforward multifamily configuration in Morristown.
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 apartments, each with two bedrooms; Two‑story building constructed in 1916; 0.13‑acre parcel
More about this property
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