249 Speedwell Ave 2 Morristown Town, NJ 07960
Listing Courtesy of: GARDEN STATE MLS - IDX / Coldwell Banker Realty / Robert Kobus / Julia Pogois - Contact:  973-714-9513

  249 Speedwell Ave 2 Morristown Town, NJ 07960

Active (1 Days)
$699,999
4
BED
2
BATH
OPEN HOUSE TIMES
  • OPEN
    Sun, Aug 17
    12 noon - 4:00 pm

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.

MLS #:
3980707
Taxes
$8,733(2024)
Lot Size
0.29 acres
Type
Multifamily
Year Built
1898
Views
Lake/Water View
County
Morris County

Listed By

Robert Kobus, Coldwell Banker Realty, Contact: 973-714-9513
Julia Pogois, Coldwell Banker Realty
Source
GARDEN STATE MLS - IDX
Last checked Aug 12 2025 at 11:29 AM EDT
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Carbon Monoxide Detector
  • Fire Extinguisher
Lot Information
  • Backs to Park Land
  • Irregular Lot
  • Lake/Water View
Heating and Cooling
  • 4+ Units
  • See Remarks
Basement Information
  • Unfinished
Exterior Features
  • Wood Shingle
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: Electric, Gas-Natural, Public Water
  • Sewer: Public Sewer
  • Fuel: Electric
School Information
  • Middle School: Frelghuysn
  • High School: Morristown
Parking
  • 1 Car Width
  • Blacktop
  • Off-Street Parking
Additional Information: Mendham | 973-714-9513
Location
   
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