90 Chestnut St, Morristown Town, NJ 07960
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90 Chestnut St, Morristown Town, NJ 07960
90 Chestnut St, Morristown Town, NJ 07960
90 Chestnut St, Morristown Town, NJ 07960
90 Chestnut St, Morristown Town, NJ 07960
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Triolo Realty Group Inc.

Triolo Realty Group Inc.

+1(718) 844-5414
$ 1,600,000
Est. payment /mo
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90 Chestnut St Morristown Town, NJ 07960

8 Beds

7 Baths

3,673 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,673 sqft

Price per Sqft $435

MLS Listing ID 4058786

Style 3-Three Story, Duplex-Side by Side

Bedrooms 8

Full Baths 6

Half Baths 2

Year Built 2026

Annual Tax Amount $12,788

Tax Year 2025

Lot Size 0.670 Acres

Property Description

FULLY LEASED 7.84% GROSS RENTAL YIELD AT $1.6M ASKING PRICE! Exceptional opportunity to acquire a 2026 foundation-up reconstructed legal two-family in walkable Morristown. Unlike the typical older multifamily property, this side-by-side duplex combines immediate income from two long-term leases with the quality and efficiency of modern construction; tenants pay their own gas and electric. One residence offers 5 bedrooms and 3.5 baths, the other 3 bedrooms and 3.5 baths, each including finished lower-level living space with a bedroom and full bath. Both enjoy private entrances, separate utilities, upper-level laundry, contemporary kitchens with quartz countertops and generous islands, hardwood flooring, and beautifully tiled bathrooms. Extensive reconstruction includes new structural components, electrical, plumbing, high-efficiency HVAC, ERV ventilation, and enhanced insulation. A detached garage and three separately accessed storage rooms add functionality. Set on approximately two-thirds of an acre, just moments from Morristown Green, NJ Transit, restaurants, shopping, and major employers. A compelling combination of established income, modern construction, and long-term investment potential. Sold subject to existing leases.

Location

State NJ

County Morris

Rooms

Basement Finished, French Drain, Full, Walkout

Interior

Interior Features Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors

Heating Electric

Cooling 4+ Units, Central Air, Heatpump, Multi-Zone Cooling

Heat Source Electric

Exterior

Exterior Feature Stucco, Vertical Siding, Vinyl Siding

Parking Features Detached Garage

Garage Spaces 3.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Garage Yes

Building

Lot Description Backs to Park Land, Skyline View

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story, Duplex-Side by Side

Schools

Elementary Schools A.Hamilton

Middle Schools Frelghuysn

High Schools Morristown

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by WEICHERT REALTORS

Nearby Locations

Triolo Realty Group Inc.

Triolo Realty Group Inc.

Broker

+1(718) 844-5414

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90 Chestnut St