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$874,000

For Sale

18 hours ago

MLS® 4013888

8 Bed

6 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $14,859
Days Active 0
Lot Size 0.94 acres
Approx. Age 1904
MLS® Number 4013888

Property Address: 22 Sunset Ter, Mount Arlington, NJ, 07856-1211

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number4013888
Laundry Level
Central VacNo
FireplaceNo
Acreage0.94
Exterior
GarageNo
Approx. Age1904
BasementBilco-Style Door
DrivewayBlacktop, Common, Off-Street Parking
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 11, 2026List Date
$874,000List Price
  • Commute

Commute

Starting Address
Destination Address
22 Sunset Ter, Mount Arlington, NJ

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