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    • Price increase: $100K (7/16)
    $1,600,000

    90 Chestnut St, Morristown Town, NJ 07960

    8beds
    3,673sqft
    : 
    $9,843/mo
    Get pre-qualified
    Multi Family
    Built in 2026
    -- sqft lot
    $1,573,300 Zestimate®
    $436/sqft
    $-- HOA

    What's special

    High-end finishesFinished basementsHigh-efficiency hvac systemsAdvanced erv ventilationPrivate entrancesTop-floor laundryEnhanced insulation
    A rare opportunity to acquire a newly reconstructed, fully leased side-by-side legal two-family in one of Morristown's most desirable and walkable neighborhoods. Sold subject to existing leases, this stabilized investment offers immediate rental income with minimal landlord responsibilities, as tenants pay their own gas and electric utilities.The property consists of a 5-bedroom, 3.5-bath residence and a 3-bedroom, 3.5-bath residence, each with private entrances, separate utilities, finished basements, top-floor laundry, and dedicated ground-level storage rooms with separate exterior access. A detached 3-car garage adds further value.Unlike many older multi-family properties in Morristown, this foundation-up reconstructed duplex offers modern construction, high-end finishes, high-efficiency HVAC systems, advanced ERV ventilation, enhanced insulation, and reduced near-term maintenance.Ideally located within walking distance of Morristown Green, Headquarters Plaza, Morristown Medical Center, NJ Transit, major employers, restaurants, shopping, and entertainment. A turnkey investment with immediate cash flow in one of Northern New Jersey's strongest and fastest-growing rental markets. Includes a two-year Home Protection Plan.
    55 days
    |
    1,397
    |
    56
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Evgeny Onishkevich 201-898-4089,

    Weichert Realtors,

    Kerry Cahill-defuccio

    Source: GSMLS,MLS#: 4036537MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 6.2
      • Full bathrooms: 6
      • 1/2 bathrooms: 2
      Heating
      • 4+ Units, Forced Air, Heat Pump, Zoned, Electric
      Cooling
      • 4+ Units, Central Air, Heat Pump, Zoned
      Appliances
      • Included: Dishwasher, Instant Hot Water, Exhaust Fan, Microwave, Range/Oven - Gas, Refrigerator, Washer/Dryer Stacked, Kitchen Exhaust Fan, Microwave Oven, Stackable Washer/Dryer, Gas Water Heater
      Features
      • Attic, Bedrooms, Eat-in Kitchen, Master Bedroom, Storage, Utility Room, Eat-In Kitchen, Ceiling Fan(s)
      • Flooring: Tile, Wood
      • Windows: Thermal Windows/Doors
      • Basement: Yes,Finished,French Drain,Full,Walk-Out Access
      • Has fireplace: No
      Interior area
      • Total structure area: 3,673
      • Total interior livable area: 3,673 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: On Street, Detached Garage
      • Garage spaces: 3
      Features
      • Levels: 3-Three Story
      • Stories: 3
      • Has view: Yes
      • View description: Skyline
      Lot
      • Size: 0.67 Acres
      • Dimensions: 29300SF
      • Features: Backs to Park Land
      Details
      • Parcel number: 2324085010000000120000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Stucco, Vertical Siding, Vinyl Siding
      • Roof: Asphalt Shingle
      Condition
      • Under Construction
      • New construction: Yes
      • Year built: 2026
      • Major remodel year: 2026

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available, Fiber Optic Available, Garbage Included

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector, Smoke Detector
      Location
      • Region: Morristown

      Financial & listing details

      • Price per square foot: $436/sqft
      • Tax assessed value: $726,600
      • Annual tax amount: $12,788
      • Date on market: 6/24/2026
      • Total actual rent: 0
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
      • Electric utility on property: Yes

        Estimated market value

        $1,573,300

        $1.49M - $1.65M

        $3,924/mo

        Price history

        DateEventPrice
        7/16/2026Price change$1,600,000+6.7%$436/sqft
        Source: GSMLS #4036537 Report a problem
        6/24/2026Listed for sale$1,500,000-3.2%$408/sqft
        Source: GSMLS #4036537 Report a problem
        6/22/2026Listing removed$1,550,000$422/sqft
        Source: GSMLS #4030280 Report a problem
        5/30/2026Listed for sale$1,550,000-3.1%$422/sqft
        Source: GSMLS #4030280 Report a problem
        5/27/2026Listing removed$1,600,000$436/sqft
        Source: GSMLS #4008821 Report a problem
        2/11/2026Listed for sale$1,600,000+201.9%$436/sqft
        Source: GSMLS #4008821 Report a problem
        6/24/2024Sold$530,000+253.3%$144/sqft
        Source: Public Record Report a problem
        12/19/2016Sold$150,000-64.2%$41/sqft
        Source: Public Record Report a problem
        10/18/2011Listing removed$419,000$114/sqft
        Source: Weichert Realtors #2846315 Report a problem
        9/2/2011Price change$419,000-6.9%$114/sqft
        Source: Weichert Realtors #2846315 Report a problem
        7/9/2011Price change$449,999-9.8%$123/sqft
        Source: Weichert Realtors #2846315 Report a problem
        5/8/2011Price change$499,000-9.1%$136/sqft
        Source: Weichert Realtors #2846315 Report a problem
        5/1/2011Price change$549,000+10%$149/sqft
        Source: Weichert Realtors #2846315 Report a problem
        4/29/2011Price change$499,000-15.3%$136/sqft
        Source: Weichert Realtors #2846315 Report a problem
        4/8/2011Listed for sale$589,000+320.7%$160/sqft
        Source: Weichert Realtors #2846315 Report a problem
        2/2/1995Sold$140,000$38/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,444 $726,600
        2024$11,444 +2.7%$726,600 +89.5%
        2023$11,145 +0.6%$383,500
        2022$11,075 +0.6%$383,500
        2021$11,014 -0.3%$383,500
        2020$11,052 +1.3%$383,500
        2019$10,911 +3.1%$383,500
        2018$10,585 +2.6%$383,500
        2017$10,312 +2.4%$383,500
        2016$10,067 +1.1%$383,500
        2015$9,956 +0.4%$383,500
        2014$9,913 -1.9%$383,500
        2012$10,105 +1.9%$383,500
        2011$9,913 +2.3%$383,500
        2010$9,695 +7.7%$383,500
        2009$9,005 $383,500
        2008-- $383,500
        2007-- $383,500
        2006-- $383,500
        2005-- $383,500
        2004-- $383,500 +75.2%
        2003-- $218,900
        2002-- $218,900
        2001-- $218,900
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 07960

        Getting around

        62 / 100
        Somewhat Walkable
        28 / 100
        Some Transit
        23 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: A.hamilton
        • Middle: Frelghuysn
        • High: Morristown

        Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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