NJ > Morristown Town
Morristown Town, NJ 07960,249 Speedwell Ave
Morristown Town, NJ 07960,249 Speedwell Ave
Morristown Town, NJ 07960,249 Speedwell Ave
Morristown Town, NJ 07960,249 Speedwell Ave
Morristown Town, NJ 07960,249 Speedwell Ave
Morristown Town, NJ 07960,249 Speedwell Ave
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Carlos "Alex" Jesus

Carlos "Alex" Jesus

+1(201) 852-3753
$ 699,999
Est. payment | /mo

4 Beds

2 Baths

0.29 Acres Lot

Save
$ 699,999
Est. payment | /mo
Save

4 Beds

2 Baths

0.29 Acres Lot

OPEN HOUSE

Sun Aug 17, 12:00pm - 4:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3980707

Style 3-Three Story

Bedrooms 4

Full Baths 2

Year Built 1898

Annual Tax Amount $8,733

Tax Year 2024

Lot Size 0.290 Acres

Property Description

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, or a multi-generational buyer, 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. 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.

Location

State NJ

County Morris

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher

Heating Electric

Cooling 4+ Units

Heat Source Electric

Exterior

Exterior Feature Wood Shingle

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Backs to Park Land, Irregular Lot, Lake/Water View

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

Middle Schools Frelghuysn

High Schools Morristown

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COLDWELL BANKER REALTY

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agent
Carlos "Alex" Jesus

Broker | Lic# 9798051

+1(201) 852-3753

Kearny, NJ

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249 Speedwell Ave