Morris County, NJ Multifamily Properties for Sale

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Updated: Jun 24

Four-Family Victorian with Detached Garage

314 Cornelia St, Boonton, NJ 07005

$1,690,000

6,000 sqft 0.63 AC lot

Renovated 3‑story, four‑family Victorian built in 1865
Approximately 6,000 sq ft total living space plus full walk‑out unfinished basement
0.63‑acre level private lot with detached 2‑car garage and new circular driveway
Unit 1: 2–3 bedrooms (~1,500 sq ft) and Units 4: 3 bedrooms (~2,000 sq ft)
New custom kitchens and custom bathrooms, luxury vinyl flooring, and LED lighting in all units

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314 Cornelia St, Boonton Town, NJ 07005-1881

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Est. Cap Rate

5.9%
Above avg (5.9%)
Est. NOI

$100K
Annual
Price @ 7% Cap

$1.43M
Suggested
Property Type

Single Family Residence
Built 1895

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Updated: Aug 12

Three-Unit Multifamily Property

126 Wilson St, Boonton, NJ 07005

$1,100,000

2,896 sqft 0.21 AC lot

Three‑unit multifamily property with 2,896 square feet
0.21‑acre parcel in Boonton Town, NJ
R‑3A zoning with separate utilities for all units
On‑site parking for 7 cars
Unit 128A includes a full finished basement and full bath

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Duplex With Separate Utilities

209 W Chrystal St Ab, Dover, NJ 07801

$699,000

0.51 AC lot

New duplex under construction on a 0.51-acre lot with separate utilities, public water and public sewer for each unit.

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Renovated 4-Unit Victorian Quadplex

314 Cornelia St 4, Boonton, NJ 07005

$1,690,000

6,000 sqft

Just renovated 1865 Queen Anne Victorian quadplex with four separate units, unfinished walk-out basement, and detached two-car garage.

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Duplex with Park-Like Yard

Stirling, NJ 07980

$819,000

0.46 AC lot

Duplex package with a two-family home, guest house, and additional lot on a park-like 0.46-acre property.

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Two-Unit Duplex with Basement and Parking

26 Hillside Ave, Chatham, NJ 07928

$950,000

0.17 AC lot

Legal two-family duplex featuring a full basement, washer/dryer, and off-street parking, built in 1897.

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Duplex Residence with Deck and Lake Privileges

100 Shore Rd, Jefferson Twp, NJ 07849

$675,000

0.18 AC lot

Duplex residence with a deck, lake privileges, and a multi-level layout supporting live-in or rental use.

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Owner-Occupied Two-Family Raised Ranch

7 Valley Road, Randolph, NJ 07869

$750,000

750 sqft

Two fully independent units in a raised ranch with separate utilities, plus a finished lower level and two driveways.

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Updated Three-Family Triplex

105-107 Berry St, Dover, NJ 07801

$949,000

0.11 AC lot

Legal three-family triplex with separate utilities and recent updates including new furnaces, electric meters, roof, and interior finishes.

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Side-by-Side Duplex with Shared Basement

72-74 Kiel Ave, Butler, NJ 07405

$599,000

0.21 AC lot

Two-unit duplex with separate utilities and public water/sewer on a level corner lot near Route 23.

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Mixed-Use Building with Four Apartments

1 Hilltop Rd, Mendham, NJ 07945

$749,000

4,328 sqft

Income-producing building with commercial space, a basement, and four leased one-bedroom units near Main Street.

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Three-Story Triplex with Rooftop Balcony

25 Kiel Ave, Butler, NJ 07405

$719,900

0.07 AC lot

Fully occupied triplex with in-unit laundry, separate utilities, and off-street parking for four vehicles.

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Renovated Duplex with Oversized Garage

14 Locust St, Madison, NJ 07940

$1,100,000

0.24 AC lot

Renovated two-family home on a 0.24-acre lot with central air, public utilities, an unfinished basement, and in-unit washer/dryer.

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Reimagined Mixed-Use Luxury Property

113 Washington St, Morristown, NJ 07960

$2,250,000

4,563 sqft 0.17 AC lot

Mixed-use property in Downtown Morristown with high-end residential and commercial.

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Three-Unit Multifamily with Modern Upgrades

26 Abbett Ave, Morristown, NJ 07960

$1,150,000

0.17 AC lot

Three recently renovated units with updated kitchens, renovated baths, separate utilities, and parking for 6+ vehicles.

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Two-Family Duplex With Central HVAC

316 DIVISION ST, Boonton Township, NJ 07005

$850,000

Well-maintained duplex with two 2-bedroom apartments, hardwood floors, an oversized garage, and newer central heating and air.

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Four-Bedroom Multi-Family Home

1 Pocahontas Street, Morristown, NJ 07960

$780,000

1,726 sqft

Well-maintained four-bedroom, three full-bath multifamily property with private lake access.

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Duplex-Style Residential Income Property

28 Mase Ave Ab, Dover, NJ 07801

$599,900

0.12 AC lot

For-sale residential income property offered in a duplex-style multifamily format.

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Historic Mixed-Use Office & Apartments

331 Main St, Chatham, NJ 07928

$1,499,000

3,667 sqft

Downtown mixed-use building with office space, two apartments, and 22 on-site parking spaces.

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Two-Family Duplex with Oversized Garage

301-325 Division Street, Boonton, NJ 07005

Contact for pricing

52,000 sqft 5,624.00 AC lot

Well-maintained two-family home featuring two-bedroom layouts, hardwood floors, and central heating and air conditioning in each unit.

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Historic Chatham Borough Mixed-Use Property

368 Main St, Chatham, NJ 07928

$925,000

2,455 sqft

Versatile building in downtown Chatham, zoned for office and residential.

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Mixed-Use Property with Retail and Apartments

16 Main, Butler, NJ 07405

$1,050,000

Fully leased configuration combines storefront commercial space with residential rental units.

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Legal Two-Family Home

26 Hillside Ave, Chatham, NJ 07928

$950,000

Legal two-family home with a full basement, washer and dryer, hardwood floors, and oversized rear off-street parking.

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Two-Unit Residential Income Duplex

713 Laurel St, Boonton, NJ 07005

$649,900

Duplex with two 2-bedroom units, each with basement laundry access, plus a detached two-car garage and usable yard.

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Morris County, NJ Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Morris County, NJ, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 106,173 square feet of properties for sale, with an estimated market value of $38,516,599.

Sale prices for multifamily properties in Morris County, NJ start at $400,000, averaging $1,100,474, and reaching up to $3,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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