Multifamily Property with Lake
New
For Sale
$758,000
20 Morris Lake Rd, Sparta, NJ 07871
Four-story unfinished multifamily project offering flexible completion and residential configuration options.
Property Size7,800 SF
Lot Size1.50 Acres
Price / SF$97.18
Days on Market3
Property Features for 20 Morris Lake Rd
General Information
Standard status
Active
Size
7,800 SF
Lot size
1.50 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$22,041
Building Details
Year Built
1910
Stories
4
Units
3
Listing Agency:
(908) 323-3878
Listed By:
MARIA TSABROVA
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 12:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARIA TSABROVA
Investment Insights
Based on property information with market context.
Located at 20 Morris Lake Rd in Sparta Township, this multifamily property dates to 1910 and contains approximately 7,800 sq ft of unfinished living space across 4 stories. The layout includes 6 bathrooms, while large windows frame views of the lake and bring substantial natural light into the interior.
The property occupies 1.5 acres and is approximately 79% through its renovation, leaving the remaining work for completion by the next owner. It may remain configured as a multifamily residence or be converted to single-family use, providing two stated residential paths for the property.
The property occupies 1.5 acres and is approximately 79% through its renovation, leaving the remaining work for completion by the next owner. It may remain configured as a multifamily residence or be converted to single-family use, providing two stated residential paths for the property.
Key Highlights
- Approximately 7,800 sq ft of living space across 4 stories
- 6 bathrooms within the unfinished residential layout
- 1.5‑acre property at 20 Morris Lake Rd
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 07871, NJ
20,992
Population
8,367
Households
2.5
Avg Household Size
43
Median Age
62%
College-Educated
98%
High-School Grad
38.2 sq mi
ZIP Area
550
Density / Sq Mi
$167,443
Median Household Income
$84,587
Median Earnings
$1,831
Median Rent
$462,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four-story unfinished multifamily project offering flexible completion and residential configuration options.
Where is this multifamily property located?
The property is located at 20 Morris Lake Rd Sparta, NJ.
What is the asking price?
The asking price for this property is $758,000.
What are key features of this property?
This property features: Approximately 7,800 sq ft of living space across 4 stories; 6 bathrooms within the unfinished residential layout; 1.5‑acre property at 20 Morris Lake Rd
