ADDRESS
62 E Park Place
Morristown, NJ 07960
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$650,000
79 Days On Site
113 Elizabeth AveNewark City, NJ 07108
For Sale|Quadruplex|Active
6
Beds
4
Total Baths
3
Full Baths
1
Partial Bath
3,550
SqFt
$183
/SqFt
1920
Built
County:
Essex
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This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation.The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today's market.Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you're looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.
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Listing Snapshot
Price
$650,000
Days On Site
79 Days
Bedrooms
6
Inside Area (SqFt)
3,550 sqft
Total Baths
4
Full Baths
3
Partial Baths
1
Lot Size
0.06 Acres
Year Built
1920
MLS® Number
3968168
Status
Active
Property Tax
$6,872
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 4 weeks ago | Price changed to $650,000 | |
| 3 months ago | Status changed to Active | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.06
Parking
On Street
Property Sub Type
Quadruplex
Security
Smoke Detector(s)
Sewer
Public Sewer
Style
FourplexSee Remarks
Utilities
Natural Gas Available
Water Source
Public
Interior Features
Appliances
Gas Water Heater
Basement
Unfinished
Heating
Natural Gas
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Exterior Features
Construction Details
Brick
Roof
Asphalt
Listing courtesy of BHHS FOX & ROACH
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
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