$849,900
18 Hillairy Ave, Morristown, NJ 07960
A rare investment or Owner-occupant opportunity in the heart of Morristown! This well-maintained 2-family home offers spacious and functional layouts in both units, each featuring 3 bedrooms and 1 full bath. Please be aware this property has been well cared for by Owner occupant and Turn Key! Whether you're looking to generate rental income or live comfortably while a tenant helps offset your
Christopher Paricio WALKER'S REALTY
Explore Morristown
$799,000
80 Western Ave, Morristown, NJ 07960
Great opportunity to own this 3 family house located in walking distance to the Morristown Green, as well as Downtown shops, dining, and entertainment! The first level apartment has 3 beds, 1 bath needs some TLC and is rented; second level has 2 beds & 1 bath, partially updated and it is vacant; 3rd floor apartment has 1 bed & 1 bath, partially renovated and it's rented. New Siding, Most of
William Barraza KELLER WILLIAMS - NJ METRO GROUP
$1,599,000
4 Perry St, Morristown, NJ 07960
Discover the perfect blend of charm and convenience with this delightful mixed-use property, ideally situated in the vibrant heart of Downtown Morristown. Just a short stroll from the train station, public transit, restaurants, theaters, and more, this versatile space is a rare find. The first floor features three private offices, a welcoming reception area, a comfortable waiting room, a
Jerome Graham J GRAHAM REALTY LLC
Morristown, NJ, a historic city surrounded by Morris Township, offers a blend of Revolutionary War history, vibrant nightlife, and a strong local economy. With over 20,000 residents and a median age of 34, Morristown features cultural attractions like statues and the Gothic Revival St. Peter’s Episcopal Church. The Morristown Medical Center, employing over 5,000 people, anchors the local economy alongside manufacturers and engineering firms like Honeywell and the Louis Berger Group. Housing options range from refurbished historic homes to high-rise condos, with styles including colonial, split-level, and Cape Cod. The Morristown School District is highly rated, serving over 5,500 students with a favorable student-teacher ratio. The Green, a central gathering spot, hosts events like the annual Festival on the Green and a Christmas festival. Nearby lakes such as Lake Parsippany offer recreational opportunities. Nightlife includes historic venues like Jockey Hollow Bar & Kitchen and modern spots like Ironbar. The downtown train station provides convenient access to New York City, just over 30 miles away, while major corridors like U.S. Route 202 and Interstate 287 facilitate local travel. Morristown boasts lower crime rates compared to nearby cities, with significant decreases in both violent and property crimes from 2022 to 2023.
On average, homes in Morristown, NJ sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Morristown, NJ over the last 12 months is $980,000, up 110% from the median home sale price over the previous 12 months.
In Morristown, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $799,000 to $1,599,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Morristown is $975,000, while the average sale price is $1,172,144, offering insights into the local housing market. On average, multi-family homes spend 42 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Morristown, NJ.
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