ADDRESS
62 E Park Place
Morristown, NJ 07960
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$895,000
83 Days On Site
901-903 S 16Th StNewark City, NJ 07108
For Sale|Multi Family|Active
7
Beds
4
Total Baths
3
Full Baths
1
Partial Bath
3,620
SqFt
$247
/SqFt
2020
Built
County:
Essex
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Five-year-old two-family home, property is zoned for three units. This modern multi-unit offers both immediate rental income and future potential. This property is ideal for investors or owner-occupants. Tax abatement in place through June 2026, providing reduced expenses and more substantial cash flow. Recent construction offers low-maintenance living and future expansion potential. Unit 1 is vacant and includes access to the ground level, with the potential to be converted into a third legal unit with construction plans included. Unit 2 is tenant-occupied, generating $2,600 per month, including $100 for driveway parking. Additional features include an oversized garage with off-street parking, newer construction with updated systems and modern finishes, and a prime Newark location near schools, shopping, major highways, and public transportation to New York City.
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Listing Snapshot
Price
$895,000
Days On Site
83 Days
Bedrooms
7
Inside Area (SqFt)
3,620 sqft
Total Baths
4
Full Baths
3
Partial Baths
1
Lot Size
0.08 Acres
Year Built
2020
MLS® Number
3981716
Status
Active
Property Tax
N/A
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
0.08
Attached Garage
Yes
Carport
4
Garage
Yes
Garage Spaces
2
Number Of Stories
3
Parking
ConcreteOn StreetOversizedAttached
Parking Spaces
4
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
SqFt Total
2020
Style
3-Three Story
Utilities
Cable AvailableNatural Gas Available
Water Source
Public
Zoning
Residential
Interior Features
Appliances
Gas Water Heater
Cooling
Central Air
Flooring
Vinyl
Heating
ElectricForced AirNatural Gas
Interior
Walk-In Closet(s)
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Exterior Features
Construction Details
Vinyl Siding
Patio And Porch
Patio
Roof
Asphalt
Schools
School District
Unknown
Elementary School
HAWTHORNE
Middle School
HAWTHORNE
High School
TECHNOLOGY
Listing courtesy of REAL
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
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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