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    Sparta, NJ Multifamily Properties for Sale

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    Newton, NJ Freehold, NJ Ogdensburg, NJ Jefferson Twp, NJ Lafayette, NJ Andover, NJ Lake Hopatcong, NJ Franklin, NJ
    Multifamily Property with Lake Views
    Updated: Aug 3
    Multifamily Property with Lake Views

    20 Morris Lake Rd, Sparta, NJ 07871

    $785,000
    7,800 sqft 1.50 AC lot
    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
    Approximately 79% renovation completion
    Lake views through large windows
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Sparta, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Unit Duplex with Garage
    Two-Unit Duplex with Garage

    9-1/2 Diller Ave, Newton, NJ 07860

    $375,000
    0.28 AC lot

    Updated two-unit property with separate heating, electric, and gas systems plus public water and sewer.

    View details
    Side-by-Side Duplex
    Side-by-Side Duplex

    11 Mabie Street, Franklin, NJ 07416

    $399,900
    0.12 AC lot

    Two vacant residences provide separate utilities, distinct heating systems, and flexible occupancy options for an owner or landlord.

    View details
    Two-Family Duplex with In-Law Suite
    Two-Family Duplex with In-Law Suite

    11 Mabie St, Franklin, NJ 07416

    $469,900
    0.12 AC lot

    Two fully rented units, plus in-law suite, detached garage.

    View details
    Multifamily Property with Updated Systems
    Multifamily Property with Updated Systems

    9 Diller Ave 3, Newton, NJ 07860

    $375,000

    Recent roof, heating, electrical, and pavement improvements support the property’s ongoing residential use.

    View details

    Off-Market Properties in Sparta, NJ

    Consider similar Off-Market properties in Sparta, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    120 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    120 Main St, Sparta, NJ 07871

    Estimated value:
    $455,000
    5,529 sqft 0.18 AC lot
    View details

    Sparta, NJ Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Sparta, NJ on our real estate platform. These investment opportunities span a total of 7,800 square feet of properties for sale, with an estimated market value of $785,000.

    Sale prices for multifamily properties in Sparta, NJ average $785,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 21K
    Population Growth (5Y) +4.5%
    Median Household Income $167,443
    College Educated 86.7%

    High-Yield Neighborhoods for Investment

    Identify Sparta submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07871 $785K

    Taxes & Financing

    Tax Rate (average for all types) 3.42%
    Property Tax per SF $68.73 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sussex County

    New Delisted

    Total CRE Inventory on Market (SF)

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