Listed by: Gordon Crawford, [email protected], Keller Williams Realty Metropolitan, (973) 539-1120, Listing Courtesy of NJMLS
$700,000
●
House -
Off Market
16 Midland Drive
Morris Township, NJ 07960
3 Beds
2 Baths
$701,174
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Elegant Charm, Unbeatable Location! Classic Center Hall Colonial
set mid-block on a tree-lined street in the heart of Morristown
close to everything you need. This spacious home offers renovated
baths, gleaming hardwood floors, large windows, high ceilings &
designer finishes throughout. In the main floor an oversized living
room w/fireplace, family room w/walls of custom built-ins & an
office/den. Formal dining room featuring unique custom flooring,
open flow into an updated kitchen w/wood cabinets & updated SS
appliances. A custom tile wet bar & a full bath completes this
level. 2nd floor houses all 3 bedrooms & full hall bath w/dual
vanity, bathtub & separate shower. On the 3rd level a huge walk-up
attic offering vast possibilities to add additional living space.
Laundry & a workshop are in the basement. Delightful private
backyard & detached 2-car garage. Minutes to downtown Morristown,
shopping+restaurants & walking distance to recreational activities
and pool at Burnham Park
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$715
HOA Dues
-
Year Built
1926
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (NJMLS #23010518)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 16, 2023 | Sold | ||
| Sold | |||
| Apr 26, 2023 | In contract | - | |
| In contract | |||
| Apr 12, 2023 | Listed by Keller Williams Realty Metropolitan | $575,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
| Jun 28, 2022 | No longer available | - | |
| No longer available | |||
| Jun 7, 2022 | In contract | - | |
| In contract | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Morris
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Listed by: Gordon Crawford
Keller Williams Realty Metropolitan
Last Updated: 4 years ago
Data Source: NJMLS , MLS# 23010518
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Keller Williams Realty Metropolitan
Last Updated: 4 years ago
Data Source: NJMLS , MLS# 23010518
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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