Building Details

Building Size 7,863 SF

Year Built 1920

Stories 2

Units 4

Listing Agency: Howard Hanna k***@howardhanna.com Show Phone

Listed By: Karen E. Cammarata, ABR, RSPS GRI Show Phone

Source: Elliman

Added: Apr 26 Changed: Aug 9 Last Checked: Aug 14 at 10:57AM

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Investment Insights

Based on property information with market context.

Located in the center of Morris, New York, this property presents a renovation opportunity. It includes two structures: a three-family building and a detached single-family house. The three-family building features a one-bedroom apartment currently occupied by the property manager, and a four-bedroom unit in the rear that is also occupied. Additionally, there is a two-bedroom apartment that requires renovation and is currently uninhabitable. The detached single-family house experienced a fire and has been reframed internally, with blown insulation installed on the second-floor bedroom ceilings, making it ready for wiring, plumbing, and sheetrocking. The property is being sold as is, offering the potential to increase rental income or resell after the project is completed. The bike score is 29, indicating it is somewhat bikeable, and the walk score is 14, suggesting car dependence.

Key Highlights

• Two structures on one property: a 3‑family building and a detached single‑family home.
• Income potential from existing occupied 1‑bedroom and 4‑bedroom apartments.
• Opportunity to renovate and increase rental income from the 2‑bedroom apartment and the fire‑damaged single‑family home.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Fish Market

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

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Explore this area Business Placement

Demographics for 13808, NY

1,583

Population

751

Households

2.1

Avg Household Size

50

Median Age

37%

College-Educated

91%

High-School Grad

36.7 sq mi

ZIP Area

43

Density / Sq Mi

$60,682

Median Household Income

$37,760

Median Earnings

$673

Median Rent

$157,000

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?

Apartment building - Two buildings in Morris, NY, with renovation and income potential.

Where is this apartment building located?

The property is located at 76 Broad St 4 Morris, NY.

What is the asking price?

The asking price for this property is $110,000.

What are key features of this property?

This property features: Two structures on one property: a 3‑family building and a detached single‑family home.; Income potential from existing occupied 1‑bedroom and 4‑bedroom apartments.; Opportunity to renovate and increase rental income from the 2‑bedroom apartment and the fire‑damaged single‑family home.