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Sold for $1,900,000 on 12/11/24
  • $1,900,000

    26 Franklin Pl, Morristown, NJ 07960

    6beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $1,993,800 Zestimate®
    $--/sqft
    $4,041 Estimated rent

    What's special

    Here is your chance to own a 4 unit building on a picture perfect street in the heart of Morristown, with ample parking and tons of upside! Located on a wide, tree-lined street, between South St. & Morris and equidistant to the Morristown Green, 287 and the Morristown Train Station, you will not find a better location! Currently, this property consists of 4 units in total, 3 in the front house and 1 in the separate carriage house located in the back of the property. 1st floor was used as a doctor's office, and would be ideal for the owner occupant looking to purchase an income property while opening their own business in the professional office space below. Or, you can look into renovating the 1st floor professional space into 1 or 2 more residential units (Please check with the town and do your own due diligence on what could be allowed). 2nd, 3rd and Carriage house residential units are all nicely renovated as of 2022/23 and have fantastic tenants who are all looking to stay.

    Zillow last checked: 7 hours ago

    Listing updated: March 13, 2025 at 06:36pm

    Listed by:

    Michele Zyska 646-480-7665,

    Serhant New Jersey LLC

    Bought with:

    Jacqueline Rossi

    Coldwell Banker, Morristown

    Source: NJMLS,MLS#: 24029040MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 8
    • Full bathrooms: 6
    • 1/2 bathrooms: 2
    Appliances
    • Laundry: In Unit

    Property

    Parking
    • Total spaces: 7

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

    Community & neighborhood

    Location
    • Region: Morristown

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    Services availability
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    Estimated market value

    $1,993,800