1542-1544 Shields Ferry Road

Generating a strong combined monthly rental income of $1,875, this income-producing duplex offers immediate cash flow from day one. Both units are currently occupied, providing stable tenancy, and each apartment is separately metered for water and electricity, supporting efficient management and reduced operating complexity. One of these units is newly renovated, further adding to overall value and tenant appeal. Located just minutes from downtown, the property presents an opportunity for investors seeking dependable income and long-term upside.
The neighboring duplex at 1562–1564 Shields Ferry Road is also available for purchase, creating the potential to acquire multiple side-by-side rental properties in a desirable location.
With current rental income, recent improvements, and high potential, this property is well-suited for investors looking to expand or strengthen their portfolio in the Morristown market.
Please contact the listing agent to schedule all showings.