For Multi Family

22 Sunset Ter,Mount Arlington Boro, NJ 07856-1211

March 11, 2026

Charming, income-producing multi-family just steps from Lake Hopatcong a rare value-add opportunity in a highly desirable lake community offering stunning views. This 4-unit property (with potential for a legal 5th unit, subject to municipal approvals) sits on nearly a full acre and currently generates approximately $92,000 annually, reflecting an attractive 7.1% cap rate with low operating expenses. Each unit is separately metered and equipped with newer tankless water heating systems, helping to minimize owner expenses. Recent exterior improvements include a newly paved driveway and retaining wall. With light interior renovations, three units present immediate rent growth potential. Located within walking distance to the public beach and close to the marina, shopping, and dining, the property offers strong long-term rental appeal and consistent tenant demand. Financials and detailed unit breakdown available upon request.

Property ID:PT-31336771-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 874,000 $

Bedrooms:8

Year Built:1904

Listing Details

Status: Active

Location

County: Morris

Lotsize: 0.937 AC

Lot Identifier: 8

Lot Description: Lake/Water View

Lot Identifier: 8

Home Details

Open Parking: 8

Basement: Yes

Basmnt/Desc: Yes - Bilco-Style Door

Acreage: 0.94

Total Baths: 6.00

Unit Style: 3-Three Story

Number of Units: 4

Rooms: 19

Easement/Desc: Yes

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: 0-30

Unit 1 Appliances/Equipment: CarbMDet,CeilFan,CookGas,Dishwshr,Dryer,Refrig,SmokeDet,Washer

Unit 1 Levels: 1

Unit 1 Rooms: 8

Unit 1 Beds: 3

Unit 1 Baths: 3.0

Unit 1 Fireplaces: 3

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Rent: 3250

Unit 1 Room Description: Bedrooms, Kitchen, Laundry Room, Living Room, Porch, Master Bedroom

Unit 2 Appliances/Equipment: CarbMDet,CookGas,Refrig,SmokeDet

Unit 2 Levels: 2

Unit 2 Rooms: 3

Unit 2 Beds: 1

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Lease Expire: 2026-07-31

Unit 2 Rent: 1550

Unit 2 Room Description: Bedrooms, Kitchen, Living Room

Unit 2 Security Deposit: 1

Unit 3 Appliances/Equipment: CarbMDet,CookGas,Refrig,SmokeDet

Unit 3 Levels: 2

Unit 3 Rooms: 3

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Lease Expire: 2026-03-31

Unit 3 Rent: 1600

Unit 3 Room Description: Bedrooms, Kitchen, Living Room

Unit 3 Security Deposit: 1

Unit 4 Appliances/Equipment: CarbMDet,CookGas,Refrig,SmokeDet

Unit 4 Levels: 3

Unit 4 Rooms: 4

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Rent: 1350

Unit 4 Room Description: Bedrooms, Kitchen, Living Room

Unit 4 Security Deposit: 1

Garage Description: None

Block Identifier: 45

County Number: 23

Town Number: 2326

YB/Desc: 1904 - Approximate

Easement: Yes

Parking/Driveway Description: Blacktop, Common, Off-Street Parking

Block Identifier: 45

County Number: 23

Town Number: 2326

Possession: 0-30

Taxes, Fees & Assessments

Gross Operating Income: 91852

Net Operating Income: 59369

Expense Include: Cold Water, Insurance, Taxes

Tax ID For Property: 2326-00045-0000-00008-0000-

Tax Amount: $14,859.00

Tax Year: 2025

Tax Rate: 2.203%

Tax Rate Year: 2025

Land Assessment: $150,100.00

Building Assessment: $524,400.00

Total Assessment: $674,500.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: Baseboard - Hotwater

Cool System: Ceiling Fan, Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

22 Sunset Ter,Mount Arlington Boro, NJ 07856-1211

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