For Multi Family

11 King St,Morristown Town, NJ 07960-4129

April 28, 2026

Rare opportunity to own this 3 family house located less than 1 block from the Morristown Train Station, near downtown shops, dining, and minutes from Morristown Memorial Hospital! Includes driveway with off-street parking and 3 car detached garage. All 3 units are rented. The first unit consists of 2 beds & 1 bath; second unit consists of 2 beds & 1 bath; third unit consists of 1 bed & 1 bath. 1st unit: $1,750, 2nd unit: $1,750, and 3rd unit :$1,150. Total rent is $4,650. Rents are below market rent offering a rare opportunity for increased cash flow and property value with some updates. Sold AS-IS.

Property ID:PT-39060924-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 950,000 $

Bedrooms:5

Year Built:1900

Listing Details

Status: Active

Location

County: Morris

Lotsize: 4242SF

Lot Identifier: 5

Home Details

Open Parking: 3

Basement: Yes

Basmnt/Desc: Yes - Full, Unfinished

Acreage: 0.10

Total Baths: 3.00

Number of Units: 3

Rooms: 14

Easement/Desc: Unknown

Possesion: At Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 2

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Rent: 1750

Unit 1 Room Description: Bedrooms, Kitchen, Living Room

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Rent: 1750

Unit 2 Room Description: Bedrooms, Kitchen, Living Room

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 3 Handicap: No

Unit 3 Rent: 1150

Unit 3 Room Description: Bedrooms, Kitchen, Living Room

Block Identifier: 4702

County Number: 23

Town Number: 2325

YB/Desc: 1900 - Approximate

Easement: Unknown

Parking/Driveway Description: Blacktop, Off-Street Parking, On-Street Parking

Block Identifier: 4702

County Number: 23

Town Number: 2325

Possession: At Closing

Utilities

Heat Source: Gas-Natural

Heat System: 3 Units, Radiators - Hot Water

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 2324-04702-0000-00005-0000-

Tax Amount: $11,895.00

Tax Year: 2024

Tax Rate: 1.575%

Tax Rate Year: 2025

Land Assessment: $359,700.00

Building Assessment: $395,600.00

Total Assessment: $755,300.00

FHA Age Restricted: No

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Listing Details

11 King St,Morristown Town, NJ 07960-4129

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