Three-Story Side-by-Side
For Sale
$1,600,000
90 Chestnut St, Morristown, NJ 07960
Central air and finished walk-out space complement the property's side-by-side configuration.
Property Size3,673 SF
Price / SF$453.64
Days on Market10
Property Features for 90 Chestnut St
General Information
Standard status
Active
Size
3,673 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$12,788
Amenities
Central Air
Electric, Forced Air, Heat Pump
Finished, Full, Walk-Out Access
Gas Water Heater
On Street, Detached
3-Three Story, Duplex-Side by Side
Building Details
Building Size
3,673 SF
Year Built
2026
Stories
3
Listed By:
EVGENY ONISHKEVICH
(201) 898-4089
Source:
Evrealestate
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 23 at 7:30AM
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 EVGENY ONISHKEVICH
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.
This detached, side-by-side duplex is three stories and measures 3,527 square feet. The property was built in 2026 and includes central air, a gas water heater, and electric heating with forced-air and heat-pump systems. Interior space includes a finished full basement with walk-out access.
Key Highlights
- Detached, side‑by‑side duplex with three stories
- 3,527 square feet; built in 2026
- Finished full basement with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,238
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,760
$1.1M
Cap Rate 7%
$774,829
$774.8K
Cap Rate 9%
$602,644
$602.6K
Market Conditions
NOI Build-Up for 3,527 SF
Gross rent
$105.8K $30.00/SF
− Vacancy
−$7.2K −$2.04/SF
EGI
$98.6K $27.96/SF
− OpEx
−$44.4K −$12.58/SF
NOI
$54.2K $15.38/SF
Area
Morris County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,760
Cap Rate 7%
$774,829
Cap Rate 9%
$602,644
Alternative Uses
Best Use
Apartment 5plus
$774.8K
$678.0K – $904.0K
NOI $54,238 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$921.0K
$805.9K – $1.07M
NOI $64,468 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,411
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
Frequently Asked Questions
What type of property is this?
Residential income property - Central air and finished walk-out space complement the property's side-by-side configuration.
Where is this residential income property located?
The property is located at 90 Chestnut St Morristown, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Detached, side‑by‑side duplex with three stories; 3,527 square feet; built in 2026; Finished full basement with walk‑out access
