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Apartment Complex For Sale

281 S Main St, Wharton Boro, Morris 07885-2045

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Property Description

High Income 6-Unit Investment Property with Garages in Downtown Wharton! This RARE 6-Unit, Multifamily building is a high-performing asset with serious upside. Fully rented and generating six figures in annual income, this property offers a strong return from day one. In one of morris county’s most competitive rental markets, where vacancies are rare and rental rates remain top-tier. The building features a mix of 1 to 3 bedrooms units. Included are 6 private garages. A major perk, adding both convenience and extra income potential. For the Value-add Investor, the possibilities are endless: A massive stand-up attic is ready to be converted into additional living space. Full basement can be transformed into a laundry facility, tenant storage, or a shared community area. Large open lot with possibility for expansion. Positioned within walking distance of local restaurants, shops, and daily conveniences, and just minutes from top-rated Wharton schools!! This property is also close to major highways. Offering seamless access for commuters. 5 Newer water heaters installed in 2023! Newer Boiler installed in 2020. Whether you’re expanding your portfolio or seeking a stable, income-producing asset in a growing downtown, this is a CANT-MISS OPPORTUNITY in Downtown Wharton. Please ask for 3 minute highlight video TO better see this GEM!!

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
3980709
Price:
$1,900,000
Lot Area:
0.09 Acre
Status:
Active
Office Name:
UNITED REAL ESTATE
Roof:
Flat, Asphalt Shingle
Features
Heating System:
Radiators - Steam
Cooling System:
See Remarks, Window A/C(s)
Basement:
Full, Unfinished, Walkout, Storage
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Morris
County:
Morris
City:
Wharton Boro
Zipcode:
07885-2045
Street:
S Main St
Street Number:
281
Longitude:
W75° 25' 11.5''
Latitude:
N40° 53' 22.1''
Directions:
From Route 46 in Dover, Head west toward Wharton. Turn right on south Main Street. Building will be on right side. Directly across from laundromat.
Zoning:
B
Additional Information
Lot Size Dimensions:
60X61 AVE
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
6
Lot Features:
Open Lot, Level Lot, Possible Subdivision
Garage:
10
Financial
Tax Annual Amount:
19973
Listing Information
List Agent Mls Id:
291759
List Office Mls Id:
4738
Mls Status:
Active
Modification Timestamp:
2026-06-02T09:18:09Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
3980709
Lot Area:
0.09 Acre
$1,900,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com