ADDRESS
62 E Park Place
Morristown, NJ 07960
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$750,000
81 Days On Site
146 Sherman AveNewark City, NJ 07114
For Sale|Multi Family|Active
7
Beds
3
Total Baths
3
Full Baths
1920
Built
County:
Essex
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Experience the perfect balance of space and value-add potential with this four-unit property featuring a retail space and three spacious residential apartments. The first-floor apartment has been updated. With low taxes, minimal operating expenses, and a strong NOI, this is an excellent turnkey investment or live-work opportunity. The three-car garage offers additional rental income for boosted cash flow. Ideally located near Newark Penn Station, bus lines, local shops, and major highways, this mixed- used property combines accessibility and long-term value. Don't miss this rare opportunity to own a mixed-use property in one of Newark's most convenient neighborhoods!
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Listing Snapshot
Price
$750,000
Days On Site
81 Days
Bedrooms
7
Inside Area (SqFt)
N/A
Total Baths
3
Full Baths
3
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1920
MLS® Number
3982620
Status
Active
Property Tax
$5,540
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
Garage
Yes
Garage Spaces
3
Parking
On StreetDetached
Property Sub Type
Multi Family
Sewer
Public Sewer
Style
See Remarks
Utilities
Natural Gas Available
Water Source
Public
Interior Features
Basement
Unfinished
Cooling
Central Air
Heating
Forced AirNatural Gas
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Exterior Features
Construction Details
Vinyl Siding
Roof
Asphalt
Schools
School District
Unknown
Elementary School
L SPENCER
Middle School
H WILSON
High School
BELMONT
Listing courtesy of FLOROSTONE REALTY INC.
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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