ADDRESS
62 E Park Place
Morristown, NJ 07960
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$999,999
64 Days On Site
372 6Th AveNewark City, NJ 07107
For Sale|Multi Family|Active
0
Beds
0
Total Baths
999
SqFt
$1,001
/SqFt
1900
Built
County:
Essex
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973-349-0459
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This prime six-unit opportunity has a 6.5% Cap Rate located in a high growth development zone. A true turn-key investment with lots of room for upsize with 50% of the units being leased below market values. Don't miss the chance to invest in a strategic asset within one of the city's most promising growth markets and has a strong rental history. Each unit features spacious layouts, modern amenities and strong tenant demand; ideal for both seasoned and new investors looking to grow their real estate portfolio.
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Listing Snapshot
Price
$999,999
Days On Site
64 Days
Bedrooms
N/A
Inside Area (SqFt)
999 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.11 Acres
Year Built
1900
MLS® Number
3970956
Status
Active
Property Tax
$16,162
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen on site |
General Features
Acres
0.11
Number Of Stories
3
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
SqFt Total
999
Utilities
Underground Utilities
Water Source
Public
Zoning
Com
Interior Features
Basement
Full
Cooling
Window Unit(s)
Heating
ElectricNatural Gas
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Exterior Features
Construction Details
Brick
Lot Features
Level
Roof
Asphalt
Listing courtesy of COMPASS NEW JERSEY, LLC
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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