For Multi Family

1 Pocahontas St,Morristown Town, NJ 07960-8672

April 18, 2026

Rare opportunity to own a 4-bedroom, 3 full-bath multi-family property in the desirable Lake Pocahontas section of Morristown. This well-maintained home offers spacious layouts, bright living areas, and excellent flexibility for both investors and owner-occupants. Enjoy private access to Lake Pocahontas, providing a unique lifestyle benefit with opportunities for kayaking, fishing, and relaxing by the water. Conveniently located just minutes from downtown Morristown, NJ Transit, shopping, dining, parks, and major highways.Strong income potential in a highly sought-after location. Don’t miss this exceptional opportunity.

Property ID:PT-38042704-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 780,000 $

Bedrooms:4

Year Built:1916

Listing Details

Status: Active

Location

County: Morris

Lotsize: 35X103

Lot Identifier: 1

Lot Description: Corner, Lake/Water View

Lot Identifier: 1

Home Details

Open Parking: 4

Basement: Yes

Renovated: 2023

Basmnt/Desc: Yes - Finished-Partially, Walkout

Acreage: 0.08

Total Baths: 3.00

Unit Style: 2-Two Story, Under/Over

Number of Units: 2

Rooms: 13

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At closing

Unit 1 Appliances/Equipment: Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Washer

Unit 1 Levels: 2

Unit 1 Rooms: 8

Unit 1 Beds: 2

Unit 1 Baths: 2.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Rent: 2600

Unit 1 Room Description: Bedrooms, Dining Room, Family Room, Laundry Room, Rec Room, Storage

Unit 1 Security Deposit: 3900

Unit 2 Appliances/Equipment: Range/Oven - Electric, Refrigerator, Stackable Washer/Dryer

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Rent: 2600

Unit 2 Room Description: Attic, Bedrooms, Kitchen, Living/Dining Room, Porch

Unit 2 Security Deposit: 3900

Garage Description: None

Block Identifier: 3301

County Number: 23

Town Number: 2325

YB/Desc: 1916 - Approximate

Easement: No

Parking/Driveway Description: Blacktop, Driveway-Exclusive

Block Identifier: 3301

County Number: 23

Town Number: 2325

Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 59280

Net Operating Income: 42952

Expense Include: Cold Water, Insurance, Maintenance, Taxes

Tax ID For Property: 2324-03301-0000-00001-0000-

Tax Amount: $10,479.00

Tax Year: 2025

Tax Rate: 1.760%

Tax Rate Year: 2025

Land Assessment: $271,200.00

Building Assessment: $377,600.00

Total Assessment: $648,800.00

FHA Age Restricted: No

Utilities

Heat Source: Electric, Gas-Natural

Heat System: 1 Unit, Forced Hot Air, Radiators - Steam

Cool System: 1 Unit, Central Air, Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

1 Pocahontas St,Morristown Town, NJ 07960-8672

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