281 S Main St, Wharton, NJ 07885

Listing office UNITED REAL ESTATE e***@gmail.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

This six-unit multifamily building is a high-performing asset generating six figures in annual income. The property is fully rented and offers a strong return. Located in a competitive rental market, the building features a mix of one to three-bedroom units. Six private garages are included, adding convenience and income potential. A large 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. There is a large open lot with possibility for expansion. The property is positioned within walking distance of local restaurants, shops, and daily conveniences, and just minutes from top-rated schools. It is also close to major highways, offering access for commuters. Five newer water heaters were installed in 2023, and a newer boiler was installed in 2020. This property is located in downtown Wharton.

Suggested Use

Real Estate Agency Accounting Firm Skin Care Clinic Hotel & Motel Restaurant Daycare Center Law Firm Parking Lot & Garage Nursing Home Electronics & Wireless Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Wharton

County

Morris

State

New Jersey

Longitude

-74.5803

Latitude

40.8894

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FAQs

What type of property is this?

Apartment building - Six-unit multifamily property in downtown Wharton with income potential.

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 6‑unit investment property generating six figures annually.; Six private garages included, adding convenience and income potential.; Located in a competitive rental market with rare vacancies and top‑tier rental rates.