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281 S Main St
Wharton Boro NJ 07885-2045 US

$1,900,000

Active Listing ID 3980709
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Lot: 0.09 Acres
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Other

$1,900,000

Active Listing ID 3980709
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281 S Main St 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!!

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Property Features

  • Facts
  • Lot Size: 0.09 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Roof Type: Asphalt, Flat, Shingle
  • Heating Fuels: Other (Heating), Steam

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1900000
  • unparsedaddress: 281 S Main St
  • postalcity: Wharton Boro
  • stateorprovince: NJ
  • country: US
  • postalcode: 07885-2045
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.09
  • lotsizeunits: Acres
  • lotsizearea: 0.09
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.88946
  • longitude: -74.58015
  • listagentfullname: EFRAIN GONZALEZ
  • listagentemail: efrain.gonzalezrealestate@gmail.com
  • listagentkey: 3yd-GSMLSNJ-291759
  • listagentmlsid: 291759
  • listagentpreferredphone: 8885016953
  • listagentofficephone: 8885016953
  • listofficekey: 3yd-GSMLSNJ-4738
  • listofficemlsid: 4738
  • disclaimer: Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GSMLSNJ
  • listingcontractdate: 2025-08-11
  • listagenturl: http://www.unitedrealestatenorthjersey.com
  • countyorparish: Morris
  • constructionmaterials: Vinyl Siding
  • heating: Other (Heating), Steam
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Asphalt, Flat, Shingle
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.58015, 40.88946
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"UNITED REAL ESTATE", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"efrain.gonzalezrealestate@gmail.com", "ListBrokerageCity":"Fair Lawn", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@urenj.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/GSMLSNJ/dad184400f0311e4bfd522000b15041e/20140719053046672.png", "ListBrokerageName":"UNITED REAL ESTATE", "ListBrokeragePhone":"(888) 501-6953", "ListBrokeragePostalCode":"07410", "ListBrokerageStateOrProvince":"NJ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"18-19 River Road", "ListBrokerageWebsiteUrl":"http://www.unitedrealestatenorthjersey.com", "ListOfficeAddress1":"18-19 RIVER ROAD", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"249366", "ListOfficeCity":"FAIR LAWN", "ListOfficeCountry":"US", "ListOfficeEmail":"info@urenj.com", "ListOfficePostalCode":"07410", "ListOfficeStateOrProvince":"NJ", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Wharton Boro, NJ", "ListingURL":"https://listings.listhub.net/pages/GSMLSNJ/3980709/?channel=rexren", "MLSModificationTimestamp":"2025-08-12T17:25:03Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":19973, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/16/2025 3:34:34 PM GMT
Source Updated Date: 12/15/2025 12:52:27 PM GMT

Courtesy of: EFRAIN GONZALEZ, UNITED REAL ESTATE, efrain.gonzalezrealestate@gmail.com

Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.