Triplex

Morristown, NJ Triplexes for Sale

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Three-Unit Multifamily Property
Updated: Oct 22
Three-Unit Multifamily Property

53 Western Ave, Morristown, NJ 07960

$650,000
0.18 AC lot
Three‑unit multifamily property on 0.18 acres
Built in 1900; building requires a full renovation
Four electric meters and four gas meters
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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

Opportunities in Nearby Cities

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

Legal Three-Family Triplex
Legal Three-Family Triplex

374 Boyden Ave, Maplewood, NJ 07040

$785,000
2,854 sqft 0.12 AC lot

Fully occupied residential income property with three full-floor apartments and separate utility services.

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Updated Triplex With Separate Utilities
Updated Triplex With Separate Utilities

105-107 Berry St, Dover, NJ 07801

$949,000
0.11 AC lot

Three-family property with remodeled kitchens, refreshed interiors, and month-to-month tenancies.

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3-Unit Multifamily Property
3-Unit Multifamily Property

374 Boyden Avenue, Maplewood, NJ 07040

$785,000
0.13 AC lot

The apartments have varied bedroom layouts, with public water and sewer service.

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Updated Three-Unit Triplex
Updated Three-Unit Triplex

105-107 Berry St, Dover, NJ 07801

$949,000

Three separate utility setups serve a refreshed property with month-to-month tenancies.

View details

Morristown, NJ Triplexes Market Trends and Statistics

Explore 1 triplexes for sale in Morristown, NJ on our real estate platform.

Sale prices for three-family homes in Morristown, NJ average $650,000 — 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

Duplexes 4
Quadplexes 3
Apartment buildings 1
Triplexes 1

Demographics Overview

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

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)

Property Size Breakdown

The majority of commercial real estate listings in Morristown fall within the 100,000+ square foot range.

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