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8 Morris Tpke, Randolph, NJ, 07869

5beds
2.1baths
3,500sqft
$799,000
$228price/sqft
$5,848/moest. monthly cost
$233,920/yrincome needed

About This Home

A rare opportunity to own a versatile side-by-side two-family residence on nearly two private acres in Randolph. offering the flexibility to live in one residence while generating rental income from the other, or to expand your investment portfolio, this unique property seamlessly blends lifestyle, versatility, and long-term value.Unit A features three bedrooms, one-and-a-half baths, spacious living and dining areas, a full kitchen, attic storage, and access to the basement and expansive deck. Unit B offers two bedrooms, one full bath, an inviting living and dining space, a full kitchen, and a walk-up attic for additional storage or future possibilities. Both residences showcase hardwood flooring, timeless character, and abundant natural light throughout.Set on an expansive 1.9-acre property with mature landscaping and a peaceful setting, the outdoor space provides exceptional privacy while remaining just minutes from Randolph's shopping, dining, parks, top-rated schools, and major commuter routes. Recent improvements, including new windows (2024) and a rebuilt chimney (2025), further enhance this exceptional offering.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

8/10
Ironia Elementary SchoolGrades K-51.5 mi
7/10
Randolph Middle SchoolGrades 6-82.5 mi
7/10
Randolph High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Bilco-Style Door,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2.1
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Bedrooms,Kitchen,Living Room

Heating & Cooling

  • Heating features: Radiators - Steam,Oil Tank Below Ground
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,500
  • Total interior livable area: 3,500 sqft

Property

Details

  • Parcel number: 2332000200000000070000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Exterior features: Barbecue

Lot

  • Lot size: 1.90 Acres
  • Features: Level
  • Lot size dimensions: 1.90 AC

Parking

  • Total spaces: 4
  • Parking features: 2 Car Width
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Lightning
Strong Wind

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,040$48,480
Home Insurance *$198$2,376
Property Taxes $1,225$14,700
Electricity $385$4,629
Total$5,848$70,176
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$200,502/yr
40% on housing$175,440/yr
45% on housing$155,946/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$228This listing

vs Other Active Listings

Avg $/sqft

ZIP 07869$372
Morris County$395

vs Homes Sold Last Month

Median $/sqft

ZIP 07869$322
Morris County$367

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-10Listed for sale$799,000
2026-05-26Listing removed$775,000
2026-04-25Listed for sale$775,000
2020-03-26Listing removed$1,750
2019-11-22Price change$1,750
2019-09-20Listed for rent$1,650
2018-08-08Listing removed$1,750
2018-08-05Listed for rent$1,750
2015-08-08Listing removed$1,650
2015-07-20Listed for rent$1,650
2014-04-08Listing removed$1,650
2014-02-09Price change$1,650
2013-11-14Listed for rent$1,700
2011-06-18Listing removed$1,850
2011-06-14Listed for rent$1,850
2004-11-30Sold$360,000

For Sale by Agent

AgentEmily B. Lafrinere
BrokerageCompass New Jersey, Llc

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