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$ 874,000
Est. payment /mo
Under Contract
22 Sunset Ter Mount Arlington Boro, NJ 07856
8 Beds
6 Baths
4,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $194
MLS Listing ID 4013888
Style 3-Three Story
Bedrooms 8
Full Baths 6
Year Built 1904
Annual Tax Amount $14,859
Tax Year 2025
Lot Size 0.940 Acres
Property Description
Charming, income-producing multi-family just steps from Lake Hopatcong a rare value-add opportunity in a highly desirable lake community offering stunning views. This 4-unit property (with potential for a legal 5th unit, subject to municipal approvals) sits on nearly a full acre and currently generates approximately $92,000 annually, reflecting an attractive 7.1% cap rate with low operating expenses. Each unit is separately metered and equipped with newer tankless water heating systems, helping to minimize owner expenses. Recent exterior improvements include a newly paved driveway and retaining wall. With light interior renovations, three units present immediate rent growth potential. Located within walking distance to the public beach and close to the marina, shopping, and dining, the property offers strong long-term rental appeal and consistent tenant demand. Financials and detailed unit breakdown available upon request.
Location
State NJ
County Morris
Rooms
Basement Bilco-Style Door
Interior
Interior Features Carbon Monoxide Detector, Carpeting, High Ceilings, See Remarks
Heating Gas-Natural
Cooling Ceiling Fan, Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features None
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Lake/Water View
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by BLUE LINE REALTY GROUP LLC
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