249 Speedwell Ave Unit 2 Morristown, NJ 07960
Estimated payment $4,439/month
Highlights
- Lake View
- Hillcrest School Rated A-
- 5-minute walk to Speedwell Lake Park
About This Home
Welcome to 249 Speedwell Avenue a fully updated, income-producing two-family home in the heart of one of New Jersey's hottest rental markets. Both apartments one spacious 5-room unit and one charming 4-room unit have been tastefully updated, allowing you to command top-dollar rent from day one with zero renovation downtime.Set on an oversized 0.29-acre lot, this property offers plenty of parking, outdoor space, and potential for future expansion (with approvals). Whether you're an investor seeking immediate cash flow, a house hacker looking to live in one unit while the other covers your mortgage. This property delivers flexibility and profit potential.The location is unbeatable minutes to the Morristown Green, NJ Transit direct to NYC, upscale dining, nightlife, shops, and year-round cultural events. With Morristown's rental demand and property values surging, this is an investment you can hold for appreciation or leverage for short-term gains. Add a premium short-term rental strategy, furnished executive rentals, or corporate housing for even higher returns, tapping into Morristown's strong tourism and commuter markets.Updated, income-ready, and in a prime growth market 249 Speedwell Ave is the kind of asset that builds wealth. Multiple income strategies, immediate equity growth, and a location that keeps tenants coming back don't miss your chance to secure it.
Listing Agent
ROBERT KOBUS
COLDWELL BANKER REALTY Brokerage Phone: 973-714-9513 Listed on: 08/11/2025
Co-Listing Agent
JULIA POGOIS
COLDWELL BANKER REALTY Brokerage Phone: 973-714-9513
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,733
Year Built
- Built in 1898
Lot Details
- 0.29 Acre Lot
- Irregular Lot
Property Views
- Lake Views
Home Design
- Wood Shingle Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Parking Space
- Off-Street Parking
Schools
- Frelghuysn Middle School
- Morristown High School
Utilities
- Multiple Heating Units
- Standard Electricity
- Gas Water Heater
Additional Features
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 2324-03301-0000-00028-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/29/2025 08/29/25 | Pending | -- | -- | -- |
08/11/2025 08/11/25 | For Sale | $699,999 | -- | -- |
Source: Garden State MLS
MLS Number: 3980707

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