22 Sunset Ter, Mount Arlington Boro, NJ 07856
22 Sunset Ter, Mount Arlington Boro, NJ 07856
22 Sunset Ter, Mount Arlington Boro, NJ 07856
22 Sunset Ter, Mount Arlington Boro, NJ 07856
22 Sunset Ter, Mount Arlington Boro, NJ 07856
22 Sunset Ter, Mount Arlington Boro, NJ 07856
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Katora Yim

Katora Yim

+1(732) 693-4545
$ 874,000
Est. payment | /mo

8 Beds

6 Baths

4,500 SqFt

Save
$ 874,000
Est. payment | /mo
Save

8 Beds

6 Baths

4,500 SqFt

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

Garden State MLS(GSMLS)
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

Nearby Locations

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Katora Yim
Katora Yim

REALTOR® | Lic# 9804062

+1(732) 693-4545

300 Main St Unit 2, Bradley Beach NJ 07720

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22 Sunset Ter