281 S Main St, Wharton Boro, NJ 07885
281 S Main St, Wharton Boro, NJ 07885
281 S Main St, Wharton Boro, NJ 07885
281 S Main St, Wharton Boro, NJ 07885
281 S Main St, Wharton Boro, NJ 07885
281 S Main St, Wharton Boro, NJ 07885
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 1,900,000
Est. payment | /mo

3,920 Sqft Lot

Save
$ 1,900,000
Est. payment | /mo
Save

3,920 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3980709

Annual Tax Amount $19,973

Tax Year 2024

Lot Size 3,920 Sqft

Property Sub-Type Mixed Use

Property Description

High Income 6-Unit Investment Property with Garages in Downtown Wharton! This RARE 6-Unit, Multifamily building is a high-performing asset with serious upside. Fully rented and generating six figures in annual income, this property offers a strong return from day one. In one of morris county's most competitive rental markets, where vacancies are rare and rental rates remain top-tier. The building features a mix of 1 to 3 bedrooms units. Included are 6 private garages. A major perk, adding both convenience and extra income potential. For the Value-add Investor, the possibilities are endless: A massive stand-up attic is ready to be converted into additional living space. Full basement can be transformed into a laundry facility, tenant storage, or a shared community area. Large open lot with possibility for expansion. Positioned within walking distance of local restaurants, shops, and daily conveniences, and just minutes from top-rated Wharton schools!! This property is also close to major highways. Offering seamless access for commuters. 5 Newer water heaters installed in 2023! Newer Boiler installed in 2020. Whether you're expanding your portfolio or seeking a stable, income-producing asset in a growing downtown, this is a CANT-MISS OPPORTUNITY in Downtown Wharton. Please ask for 3 minute highlight video TO better see this GEM!!

Location

State NJ

County Morris

Zoning B

Rooms

Basement Full, Storage, Unfinished, Walkout

Interior

Heating Gas-Natural

Cooling See Remarks, Window A/C(s)

Equipment Fire Alarm, Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle, Flat

Building

Lot Description Level Lot, Open Lot, Possible Subdivision

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by UNITED REAL ESTATE
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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281 S Main St

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