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$995,900 Coming Soon

  • For Sale
  • Coming Soon
  • Multi-Family
  • 4 Total Beds
  • Updated 50 minutes ago

Next open house:

Open House: 1:00 PM - 4:00 PM

Saturday 4/18 1:00 PM - 4:00 PM

11 Cleveland St,Morristown, NJ 07960

11 Cleveland StMorristownNJ07960

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ATTENTION INVESTORS: Fantastic rental property opportunity!!! Quality tenants in place in this like new two-family home. 2 leases in place. One lease recently signed for 2 years at $3,500/month and the other lease is signed at $2300/month and has one year remaining. Yearly Financials: Rent: $69,600 Property Taxes: $9,512, Sewer Costs: $400 Net Operating Income: $58,728 Walk to everything in Morristown location (train, school, downtown). Fully reconstructed home with all new everything. Laundry is private and inside the units. Off Street parking spaces. Top notch insulation and soundproofing in walls and ceilings. Rebuilt masterfully and with great care. Sizeable backyard. Bathrooms are spacious with great water pressure from the new plumbing. Good ceiling height with tons of natural light, solid hardwood hickory floors. Kitchen countertops and backsplash are solid quartz and cabinets / vanities are solid wood.

Full Property Details for 11 Cleveland St

General

  • Price: $995,900
  • Taxes: $6,892 (2025)
  • Status: Coming Soon
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4020574
  • Updated: Today (4/14/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 12
  • Interior Features: Fire Alarm Sys, Fire Extinguisher, High Ceilings, Smoke Detector

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Exterior Features: Curbs, Deck, Privacy Fence, Sidewalk

Location

  • County: Morris
  • Driving Directions: Sussex Ave to Cleveland Street. On the right. Brand new house

School Information

  • Elementary School: A.Hamilton
  • Middle School: Frelghuysn
  • High School: Morristown

Heating & Cooling

  • Cooling Type: 1 Unit
  • Heating Type: 1 Unit
  • Heating Fuel: Natural Gas
  • Water Heater: Electric, Gas

Utilities

  • Sewer: Public Sewer, Sewer Charge Extra
  • Water: Public Water, Water Charge Extra
  • Utility Description: Electric, Natural Gas, Cable TV Available, Fiber Optic Available, Garbage Included

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Asphalt Shingles
  • Square Feet: 1,183
  • Year Built: 1906
  • Remodeled/Updated: 2024

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Square Feet: 1300
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Kitchen, Laundry Room, Living Room
  • Square Feet: 650
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 5528SF
  • Driveway/Sidewalk: 2 Car Width, Blacktop
  • Lot Description: Level Lot

Financial Considerations

  • Expenses: Insurance, Taxes
  • Operating Expenses: $10,872
  • Assessment Amount: $269,800
  • Land Assmt: $312,700
  • Tax Amount: $6,892
  • Tax Year: 2025

Disclosures and Reports

  • Block: 5202
  • Lot Number: 1

Listed by Compass New Jersey, Llc

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Listing agent

— 11 Cleveland St —

  • Compass New Jersey, Llc

973-769-1563

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 11 Cleveland St

School District:Morris Township School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11 Cleveland St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/14/2026
Listed
$995,900
205.49%
MLS
12/12/2022
Sold
$326,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11 Cleveland St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,168
-27%
$391,600
35%
2022
$8,398
26%
$290,800
—
2021
$6,655
-21%
$290,800
—
2019
$8,381
1%
$290,800
—
2018
$8,273
3%
$290,800
—
2017
$8,026
3%
$290,800
—
2016
$7,820
2%
$290,800
—
2015
$7,634
2%
$290,800
—
2013
$7,517
—
$290,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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Listed by Compass New Jersey, Llc

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11 Cleveland St, Morristown, NJ 07960 (MLS# 4020574) is a Multi-Family property with 2 units containing 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 11 Cleveland St is currently listed for $995,900 and was received on April 14, 2026. Want to learn more about 11 Cleveland St? Do you have questions about finding other Multi-Family real estate for sale in Morristown? You can browse all Morristown real estate or contact a Coldwell Banker agent to request more information.

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