20 Morris Lake Rd, Sparta, NJ 07871

Sparta
Local realty services provided by:ERA Suburb Realty Agency
20 Morris Lake Rd,Sparta Twp., NJ 07871
$785,000
  • 7 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: maria tsabrova
Office: rewards realty llc.908-323-3878
MLS#:4044809
Source:NJ_GSMLS

Price summary

  • Price:$785,000

About this home

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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Home facts

  • Year built:1910
  • Listing ID #:4044809
  • Added:54 day(s) ago
  • Updated:September 28, 2026 at 02:27 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:12
  • Basement Description:Basement, Crawl Space, Partial, Unfinished

Heating and cooling

  • Cooling:3 Units, Ductless Split AC
  • Heating:3 Units, Heat Pump, Multi-Zone

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1910
  • Lot area:1.47 Acres
  • Lot Features:Lake Front, Private Road
  • Architectural Style:3-Three Story
  • Construction Materials:Aluminum Siding, Vertical Siding, Vinyl Siding
  • Exterior Features:Barbeque, Dock, Patio, Sidewalk

Utilities

  • Water:Well
  • Sewer:Septic

Finances and disclosures

  • Price:$785,000
  • Tax amount:$22,041 (2025)

Features and amenities

  • Amenities:Carbon Monoxide Detector, Fire Extinguisher, Gas In Street, Gas-Propane, High Ceilings, Smoke Detector, Walk-In Closet

Parking

  • Parking description:2 Car Width, Attached Garage, Driveway-Exclusive, Gravel Driveway
  • Garage spaces:2
The data relating to real estate for sale on this website 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. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website 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. Date Last Updated September 28, 2026

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