Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
7 Beds
6 Baths
7,800 sqft

$785,000

20 Morris Lake Rd, Sparta Twp NJ, 07871

Price per sqft$100.64
Built in1910
Property size7,800 sqft
Property typeMulti-family

Overview

Active

Listed Aug 3, 2026

Updated 2 days ago

Prime Investment Opportunity: 20 Morris Lake Rd, Sparta, NJRare lakefront multifamily property featuring 7,800 sq. ft. of living space and direct privatelake and beach access. Listed at $778,000 (appraised as-is at $830,000), with a certifiedpost-completion appraisal of $1,315,000. Configured for 3 spacious luxury units (each 3 bed/ 2 bath with open-concept layout and laundry), delivering projected rents of$3,600"$4,200/month per unit and over $35,000 in net annual cash flow. Siding is 60%complete; requires HVAC, septic update, and interior finishes to complete. All supportingdocuments (survey, site plans, architectural/engineering drawings, tax assessments)available upon proof of funds. Cash or hard money buyers only.

$5,223/mo

Est. mortgage payment based on a $785,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4044809

Interior Features

Bedrooms
7
Bathrooms
6
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1.47 Acres

Other Property Details

Taxes
$22,041
Tax Frequency
Annually
Garage
Yes
View
Yes
Waterfront
Yes
55+/Senior Community
No

Courtesy of REWARDS REALTY LLC with MARIA TSABROVA,
Listing Contact: 9083233878 

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service , L.L.C . Real estate listings held by other brokerage firms are marked as IDX Listing.  All information deemed reliable but not guaranteed and should be independently verified.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. 

Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service. All rights reserved. 

 

Powered by Luxury Presence