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    Lake View Fourplex Investment Property Title is generated by Realmo AI

    460 RIVER STYX ROAD, Hopatcong, NJ 07843

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    Claim this Listing
    New
    For Sale
    $849,000

    Fourplex, See Remarks, Multi-Family - Hopatcong Boro, NJ

    Lot size:
    0.38 Acres
    Added:
    May 12, 2026
    Days on Market:
    4
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 460 RIVER STYX ROAD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RESIDENTIAL
    Bedrooms
    7
    Bathrooms
    5
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room
    Parking
    6
    Patio and Porch features
    Patio
    Interior features
    Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
    Exterior features
    Patio, Storage Shed
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dryer, Range, Refrigerator
    Standard status
    Active
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15925

    Utilities

    Heating system
    Baseboard, Electric (Heating), Fireplace(s), Forced Air
    Cooling system
    Multi Units

    Building Details

    Year built
    1934
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    LORI A. CARUSO

    Listing agent LORI A. CARUSO

    Listing office RE/MAX SELECT 20 WEST MAIN STREET, Morristown, NJ

    Listing date May 12, 2026

    MLS# 4026895 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unique investment property with 4 units and lake views of Lake Hopatcong.
    • Solid cash flow with current annual NOI of approximately $54K and higher income potential.
    • Four individual homes with separate utilities and long‑term history of solid leases.
    • Located in the heart of the redeveloped main lake section of Hopatcong, near lakeside dining, boating, beaches, schools, shopping, and transportation.
    • Main house and one cottage recently updated; property in overall good condition.
    • Public water and sewer.

    Overview

    This unique investment property features four units with lake views of Lake Hopatcong. The property consists of one main house and three cottages, each with separate utilities and a history of solid, long-term leases. Shared driveway parking, detached storage sheds, and small lawn areas are included. The main house and one of the cottages have been recently updated, and the entire property is in overall good condition. The property is located in the redeveloped main lake section of Hopatcong, surrounded by lake views, lakeside dining, boating and beach activities, schools, shopping, and transportation. Public water and sewer are available. The current annual net operating income is approximately $54,000, with potential for higher income. This 0.38-acre property offers solid cash flow and is zoned residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopatcong
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.65521
    Latitude
    40.94202

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    FAQs

    What type of property is this?
    Quadplex - Four units with lake views in Hopatcong Boro, New Jersey.
    Where is this quadplex located?
    The property is located at 460 RIVER STYX ROAD Hopatcong, NJ.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Unique investment property with 4 units and lake views of Lake Hopatcong.; Solid cash flow with current annual NOI of approximately $54K and higher income potential.; Four individual homes with separate utilities and long‑term history of solid leases.
    (973) 625-0450
    We can help!
    Listing Contact
    LORI A. CARUSO
    Real Estate License ID: 9912467
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    460 RIVER STYX ROAD, Hopatcong Boro, NJ 07843-1862
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