ADDRESS
62 E Park Place
Morristown, NJ 07960
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$925,000
93 Days On Site
48 1st AvenueRaritan Boro, NJ 08869
For Sale|Quadruplex|Active
6
Beds
4
Total Baths
4
Full Baths
3,500
SqFt
$264
/SqFt
1940
Built
County:
Somerset
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Prime Investment Opportunity - Legal 4 Family + Commercial Property (54 2nd St) in Raritan. An excellent income-producing opportunity for savvy investors! This package includes a fully rented legal 4-family property and a neighboring commercial building . Four units total: Unit #1: 1BR/1BA (new kitchen, freshly painted " rented $1,350) Unit #2: 1BR/1BA (renovated kitchen " rented $1,350) Unit #3: 2BR/1BA (new kitchen, new paint " rented $2000, Unit #4: 2BR/1BA -rented $1600 Separate gas, electric & water meters (4 of each) " tenants pay all utilities Full basement, 4 gas furnaces, 4 hot water heaters, Shared driveway, no dedicated parking, street parking available Roof approx. 15"20 years old 2025 Property Tax: $10,570.95 ( 54 2nd st tax 5,484 ) Total monthly rent: $6300
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Listing Snapshot
Price
$925,000
Days On Site
93 Days
Bedrooms
6
Inside Area (SqFt)
3,500 sqft
Total Baths
4
Full Baths
4
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1940
MLS® Number
3979325
Status
Active
Property Tax
$10,376
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.06
Parking
On Street
Property Sub Type
Quadruplex
Sewer
Public Sewer
Style
Fourplex
Utilities
Cable AvailableNatural Gas Available
Water Source
Public
Interior Features
Basement
Full
Heating
Natural Gas
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Exterior Features
Construction Details
Aluminum Siding
Lot Features
Corner Lot
Roof
Asphalt
Listing courtesy of PROMINENT PROPERTIES SIR
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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