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High-Income Multifamily Investment Property

281 S Main St, Wharton, NJ 07885

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For Sale

$1,900,000

Commercial - Wharton Boro, NJ

Lot size:

0.09 Acres

HighLights

High Income: Generates six figures annually with a strong return from day one.
Fully Rented: 100% occupancy in a competitive rental market.
6 Private Garages: Adds convenience and extra income potential.
Value‑Add Potential: Massive stand‑up attic ready for conversion.
Prime Location: Walking distance to restaurants, shops, close to top‑rated schools and major highways.
Recent Upgrades: Benefit from 5 newer water heaters (2023) and newer boiler (2020).

We can help!

Listing Contact

EFRAIN GONZALEZ

For Sale

$1,900,000

Commercial - Wharton Boro, NJ

Lot size:

0.09 Acres

Added:: Aug 11, 2025
Days on Market:: 303
Last Refresh:: Jun 9 at 8:06 am

Property Features for 281 S Main St

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: B
Rooms: Basement
Basement Y/N: 1
Standard status: Active
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 19973

Utilities

Heating system: Other (Heating), Steam

Building Details

Floors in Building: 3
Number of units: 6
Building materials: Vinyl Siding
Roof type: Asphalt, Flat, Shingle
Architectural style: Other

We can help!

Listing Contact

EFRAIN GONZALEZ

Listing agent EFRAIN GONZALEZ

Listing office UNITED REAL ESTATE 18-19 RIVER ROAD, Fair Lawn, NJ

Listing date Aug 11, 2025

MLS# 3980709 Listing URL

HighLights

High Income: Generates six figures annually with a strong return from day one.
Fully Rented: 100% occupancy in a competitive rental market.
6 Private Garages: Adds convenience and extra income potential.
Value‑Add Potential: Massive stand‑up attic ready for conversion.
Prime Location: Walking distance to restaurants, shops, close to top‑rated schools and major highways.
Recent Upgrades: Benefit from 5 newer water heaters (2023) and newer boiler (2020).

Overview

This six-unit multifamily building is a high-performing asset located in downtown Wharton, New Jersey. The property is fully rented and generates six figures in annual income. The building features a mix of one to three-bedroom units, along with six private garages. A stand-up attic is ready to be converted into additional living space. The full basement can be transformed into a laundry facility, tenant storage, or a shared community area. The property includes a large, open lot with expansion possibilities. The property is positioned within walking distance of local restaurants, shops, and daily conveniences, and is just minutes from top-rated Wharton schools. It is also close to major highways, offering seamless access for commuters. Five newer water heaters were installed in 2023, and a newer boiler was installed in 2020. The property is located in one of Morris County's most competitive rental markets, where vacancies are rare and rental rates remain top-tier. The lot size is 0.09 acres. The property is zoned B.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

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Location Insight

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Local Demand

City: Wharton
County: Morris
State: New Jersey
Longitude: -74.58015
Latitude: 40.88946

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For sale
Apartment buildings
NJ
Wharton
07885
281 S Main St

What type of property is this?

Apartment building - Six-unit multifamily property with garages in downtown Wharton, New Jersey.

Where is this apartment building located?

The property is located at 281 S Main St Wharton, NJ.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: High Income: Generates six figures annually with a strong return from day one.; Fully Rented: 100% occupancy in a competitive rental market.; 6 Private Garages: Adds convenience and extra income potential.

281 S Main St, Wharton, NJ 07885

Commercial - Wharton Boro, NJ

Property Features for 281 S Main St

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Building with Liquor License

Charming Two-Family Home in Wharton

Commercial Property in Wharton Borough

Main Street Mixed-Use Property

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