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    Morristown, NJ Triplexes for Sale

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    Newark, NJ Trenton, NJ Paterson, NJ
    Morristown Multi-Family Near Train Station
    $950,000
    0.10 Acres

    Morristown Multi-Family Near Train Station

    11 King St, Morristown, NJ 07960

    Three-unit property near Morristown Train Station with rental income.

    • Prime location: Less than 1 block from Morristown Train Station, near downtown shops, dining, and Morristown Memorial Hospital.
    • Income‑generating property: Fully rented 3‑family house with a total rent of $4,650.
    • Value‑add opportunity: Rents are below market, offering potential for increased cash flow and property value with updates.
    • Off‑street parking: Includes a driveway and a 3‑car detached garage.
    • Multiple units: Features three separate units: two 2‑bed/1‑bath units and one 1‑bed/1‑bath unit.
    Updated: Jan 21
    View details
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Morristown, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Explore Opportunities in Nearby Cities

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

    Unique Triplex with Development Potential
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    Renovated Multi-Family Property
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    Renovated Multi-Family Property

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    Three-Unit Property Near Transportation
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    West Orange Three-Family Home
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    Morristown, NJ Triplexes Investment Opportunities Market Analysis

    Explore 1 triplexes for sale in Morristown, NJ on our real estate platform. These investment opportunities span a total of 4,356 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for three-family homes in Morristown, NJ start at $950,000, averaging $950,000, and reaching up to $950,000 — 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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    Operating Costs & Financing

    Morristown property taxes are below the county average by 0.35 percentage points. Average Loan-to-Value is 65.0%.

    Effective Property Tax $13.37 per sq ft
    Tax Rate 2.17%
    Tax Rate vs County Average 0.35 pp below county avg
    Avg Loan-to-Value 65.0%

    Property Size Breakdown

    Most commercial real estate listings in Morristown range 100,000+ sqft.

    New Listings Trend, 12 Mo

    Number of new listings by month over the past year in Morristown.

    Leading Commercial Asset Segments

    Apartment buildings 3
    Duplexes 3
    Quadplexes 1
    Triplexes 1

    Morristown Demographics Overview

    Population 46K
    Population Growth (5Y) +2.8%
    Median Household Income $149,462
    College Educated 97.4%

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    Most Searched ZIP Codes in Morristown, NJ

    • 07960

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