249 Speedwell Ave #2, Morristown, NJ 07960

Local realty services provided by:Better Homes and Gardens Real Estate Elite
249 Speedwell Ave #2,Morristown Town, NJ 07960
$699,999
  • - Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:robert kobus
Office:coldwell banker realty
MLS#:3980707
Source:NJ_GSMLS

Price summary

  • Price:$699,999

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

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Home facts

  • Year built:1898
  • Listing ID #:3980707
  • Added:48 day(s) ago
  • Updated:September 06, 2025 at 08:38 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2

Heating and cooling

  • Cooling:4+ Units
  • Heating:4+ Units

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1898
  • Lot area:0.29 Acres

Schools

  • High school:Morristown
  • Middle school:Frelghuysn

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,999
  • Tax amount:$8,733 (2024)
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated September 6, 2025

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