Property profile

316 Main St Morristown, NY 13664

OFF-MARKET
Investment properties
Property ID
US63-2834537
6,825 SF 0.12 ac lot Built 1960
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This iconic 6,825 sq ft multi-use property in Morristown, NY presents a unique investment opportunity with owner-occupancy potential. Located on Main Street, this charming building boasts five units: two street-level commercial spaces (one currently leased long-term), and a vacant unit ideal for studio, office, or retail use, offering excellent visibility and parking. The main level features a beautifully renovated 3-bedroom, 2-bathroom residence with a two-car garage, paved driveway, and many original period details. The custom kitchen includes granite countertops, high-top seating, a scullery, top-of-the-line appliances, a dry bar with wine fridge, and built-ins. A formal dining room with double pocket doors opens to a sitting room with a fireplace. The primary suite includes a deep jetted tub, separate shower, and walk-in closet. An expansive deck runs along the northwest faГ§ade, perfect for entertaining and enjoying views of summer events. The second floor contains two apartments (1BR/1BA and 2BR/1BA) requiring renovation to maximize rental income

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Total area 6,825 SF
Lot 0.12 ac (5,280 SF)
APN 406000 83.049-3-32
UPID US63-2834537

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm

Location

316 Main St Morristown, NY 13664
Morristown metro Census 492800 OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2025
1 recorded transaction
2025
$159,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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