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20 Morris Lake Rd Sparta, NJ $ 785,000
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$ 785,000 Get more info
20 Morris Lake Rd
$ 785,000
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New Construction
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20 Morris Lake Rd

Sparta, NJ, 07871
$ 785,000
Bedrooms7 Baths6.0

Monthly Estimate*

$ 5,422

20 Morris Lake Rd, Sparta, NJ 07871 - Image 1
20 Morris Lake Rd, Sparta, NJ 07871 - Image 2
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20 Morris Lake Rd, Sparta, NJ 07871 - Image 10

Multi-Family Home for sale in Sparta, NJ

for $785,000 with 7 bedrooms and 6 full baths. This home was built in 1910 on a lot size of 1.47.

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.

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Multi-Family Active

Price

$ 785,000

Bedrooms

7

Full Bath

6

Property Type

Multi-Family

Taxes

$ 22,041

Style

3-Three Story

Lot Size

1.47

Year Built

1910

Town/City

Sparta

County/Region

Sussex

MLS | Web ID

4044809
Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher High Ceilings Smoke Detector Walk-In Closet
Basement Crawl Space Partial Unfinished
Unit 1 Baths Total 2.0
Unit 1 Beds Total 2
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Unit 3 Baths Total 2.0
Unit 3 Beds Total 3
Fuel Type Electric Gas-Propane Leased Oil Tank Above Ground - Outside
Half Baths 0
Total Bedrooms 7
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General
Sewer Septic
Heating 3 Units Heat Pump Multi-Zone
Cooling 3 Units Ductless Split AC
Utilities Electric Gas In Street Gas-Propane
Possession At closing
Roof Asphalt Shingle
Garage Spaces 2
Architectural Style 3-Three Story
Year Built 1910
Garage Attached Garage
Township Sparta Twp.
Tax Year 2025
Gross Income 0
County Sussex
Net Operating Income 0
Operating Expense 0
Total Rooms 12
Full Baths 6
Status Active
Directions Google Maps
Open Parking Spaces 8
Number Of Units Total 3
Tax Annual Amount 22041
Drive 2 Car Width Driveway-Exclusive Gravel
Standard Status Active
Tax Assessed Value 600900
Town # 2820
Tax Lot 40
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Exterior
Exterior Amenities Barbeque Dock Patio Sidewalk
Lot Features Lake Front Mountain View Private Road
Water Source Well
Exterior Description Aluminum Siding Vertical Siding Vinyl Siding
Lot Dimensions 1.45 ACS
Lot Size Acres 1.47
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* Excluded Features
List By
MARIA TSABROVA

Listing Agent

Rewards Realty Llc

Broker

tsabrova@gmail.com

Email

Affordability Calculator

$7,259
Per Month
75%
25%
0%
Monthly Principal & Interest
$5,422
Monthly Property Taxes
$1,837
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/4/2026$758,000 Listed Price

Map

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20 Morris Lake Rd, Sparta, NJ, 07871 is a Multi-Family Home for sale at $785,000 with a lot size of 1.47. 20 Morris Lake Rd has 7 bedrooms, 6.0 baths, and was built in 1910. The property's zip code is 07871 which is in Sparta, NJ

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