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Lucas Wolf

lucas@wolfpremier.com +1(201) 390-0637

$1,095,000

Est. payment - /mo

7 Beds

4 Baths

7,405 Sqft Lot

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Open House

Sat Oct 24, 11:00am - 12:30pm

Sun Oct 25, 1:30pm - 3:30pm

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Coming Soon

Purchase Type For Sale

Subdivision Morris Plains

MLS Listing ID 4060667

Style 1-One Story, Duplex-Side by Side

Bedrooms 7

Full Baths 3

Half Baths 2

Year Built 1928

Annual Tax Amount $9,359

Tax Year 2025

Lot Size 7,405 Sqft

Property Description

RARE THREE UNIT INVESTMENT OPPORTUNITY IN MORRIS PLAINS!GREAT INCOME POTENTIAL! A phenomenal opportunity for investors seeking to expand their portfolio with a unique, income-producing property in Morris Plains! Featuring two separate homes on 1 lot, a duplex and a SF/Home, low property taxes, long-term tenants already in place, and a prime location within walking distance to direct train service to NYC, this property offers an attractive combination of convenience and investment potential.The main residence features a side-by-side duplex each with 3 bedrooms, 1.5 baths, and a spacious basement providing abundant storage. A brand-new roof installed in October 2026 adds further appeal. The separate rear cottage was beautifully renovated in 2024 and offers 1 bedroom, 1 bath ,a generously sized living/dining area, and a spacious primary bedroom.Additional highlights include ample off-street parking and private rear patio areas for each residence, providing desirable outdoor space and added tenant appeal.With long-term tenants in place, convenient access to NYC transportation, and the advantage of relatively low property taxes, this distinctive 3 unit property presents an exciting opportunity for investors looking to build long-term wealth through real estate. Explore the income potential, evaluate the numbers, and discover the possibilities this exceptional investment has to offer!Two homes. A compelling opportunity to grow your portfolio in Morris Plains! Not to be missed!

Location

State NJ

County Morris

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Wood Floors

Heating Electric, Gas-Natural

Cooling None

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Garage Yes

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 1-One Story, Duplex-Side by Side

Schools

Elementary Schools Alfredvail

Middle Schools Frelghuysn

High Schools Morristown

Others

Senior Community No

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Listed by COLDWELL BANKER REALTY

Nearby Locations

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CONTACT US

+1(201) 390-0637

lucas@wolfpremier.com

18 Sherman Ave Morris Twp., NJ 07950