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    Morristown, NJ
    Residential

    Morristown, NJ Residential Land & Home Lots for Sale

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    Cedar Knolls, NJ Morris Plains, NJ Whippany, NJ
    Residential Land Near Morristown Green
    Updated: Jun 1, 2025
    Residential Land Near Morristown Green

    Morristown, NJ 7960

    $350,000
    Build your dream home exactly as desired, avoiding compromises of existing homes.
    Conveniently located 1.5 miles from Morristown Green and a 6‑minute drive to the Midtown Direct train to NYC.
    Utilities are readily available at the street, simplifying the building process.
    The 0.68‑acre lot offers the potential for a peaceful and private setting with thoughtful design.
    Curb cut already in place for the driveway.
    View details
    Residential Building Lot Near Downtown
    Updated: May 31, 2025
    Residential Building Lot Near Downtown

    Morristown, NJ 7960

    $345,000
    Large .57 acre building lot.
    Close proximity (less than 1.5 miles) to vibrant and bustling downtown Morristown area.
    Opportunity to design and build a custom dream home.
    Deep lot dimensions.
    Building lot for sale.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Morristown, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Land in Mine Hill
    Residential Land in Mine Hill

    223 W Randolph Ave, Mine Hill, NJ 07803

    $150,000
    0.30 AC lot

    Land for sale with utilities in Mine Hill Township.

    View details
    Bernardsville Boro Land Opportunity
    Bernardsville Boro Land Opportunity

    3 Preserve Ln, Bernardsville, NJ 07924

    $1,100,000
    6.06 AC lot

    6.06 acre residential land in scenic Bernardsville mountain location.

    View details
    Scenic Bernardsville Mountain Lot
    Scenic Bernardsville Mountain Lot

    3 Rose Hill, Bernardsville, NJ 07924

    $1,100,000
    10.03 AC lot

    Residential land for sale in Bernardsville Boro, New Jersey.

    View details
    Approved Building Lot Available
    Approved Building Lot Available

    5Th Ave, Mine Hill, NJ 07803

    $200,000

    Building lot for a dream home, close to highways.

    View details

    Morristown, NJ Residential Land & Home Lots Market Trends and Statistics

    Explore 2 residential land & home lots for sale in Morristown, NJ on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $695,000.

    Sale prices for home sites in Morristown, NJ start at $345,000, averaging $347,500, and reaching up to $350,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 2
    Industrial land 1

    Demographics Overview

    Population 47K
    Population Growth (5Y) +2.8%
    Median Household Income $149,462
    College Educated 65.1%

    High-Yield Neighborhoods for Investment

    Identify Morristown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07960 $347.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.17%
    Property Tax per SF $13.37 per SF
    Tax Rate vs County Average 0.35 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morris County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Popular Searches in Morristown, NJ

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    Most Searched ZIP Codes in Morristown, NJ

    • 07960

    Featured Morristown Real Estate Agencies

    Realmo connects you with licensed Morristown CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Central Property Associates
    75 Maple Ave. Morristown, NJ 07960
    Phone: 19735397100
    www.centralpropertyrealtors.com
    Your Town Realty
    5 Maple Ave Morristown, NJ 07960
    Phone: 19738655050
    www.yourtownhomesearch.com

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