ADDRESS
62 E Park Place
Morristown, NJ 07960
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$2,650,000
37 Days On Site
219 Summer AveNewark City, NJ 07104
For Sale|Multi Family|Active
0
Beds
0
Total Baths
2014
Built
County:
Essex
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FOR SALE | 9-UNIT MULTIFAMILY | NEWARK, NJ | 6.5% CAPINVESTOR HIGHLIGHTS:? Stabilized 9-Unit Asset in Newark?s growing North Ward? Built in 2014 ? modern layouts, minimal deferred maintenance? Strong tenant mix and consistent occupancy? 10 private parking spots ? a rare amenity in this submarket? In-place income with room for upside through rent optimization? Trading at a true 6.5% cap rate ? positioned for cash flow from Day 1? Individually metered utilities and low-maintenance structure
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Listing Snapshot
Price
$2,650,000
Days On Site
37 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.17 Acres
Year Built
2014
MLS® Number
3965272
Status
Active
Property Tax
$29,534
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| a week ago | Listing updated with changes from the MLS® | |
| a month ago | Status changed to Active | |
| a month ago | Listing first seen on site |
General Features
Acres
0.17
Garage
Yes
Garage Spaces
9
Number Of Stories
3
Parking Spaces
10
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
Utilities
Natural Gas AvailableUnderground Utilities
Water Source
Public
Zoning
Residential
Interior Features
Basement
Finished
Cooling
Central Air
Heating
Forced AirNatural Gas
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Exterior Features
Construction Details
BrickVinyl Siding
Roof
Asphalt
Listing courtesy of KELLER WILLIAMS PROSPERITY REALTY
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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