- 8 BedroomBeds
- 6 BathroomBaths
- 0.94Acres
- Multi-FamilyType
- PendingStatus
- Sold On
-1 More Schedule
Property Description 22 Sunset Ter, Mount Arlington Boro, NJ 07856
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.
Estimated Monthly Mortgage Calculator
This calculator is provided for informational purposes by Burrow Services, Inc. Programs, rates and conditions available through Hilltop Mortgage, LLC are subject to change without notice. Rates may be higher or lower depending on your precise situation. Rates will vary depending on individual credit history and underwriting factors, and may also contain points. Call for current pricing with your exact scenario.
Property Details 22 Sunset Ter, Mount Arlington Boro, NJ 07856
General
- County: Morris
- List Date: 03/11/2026
- Beds: 8
- Full Bathrooms: 6
- Year Built: 1904
- Lot Description: Lake/Water View
- Garage/Parking Spaces: 0.00
- Garage Description: None
- Tax Amount.: $14,859
- Tax Year: 2025
- Basement: Yes
Interior Features
- Heating: Baseboard - Hotwater
- Cooling: Ceiling Fan, Window A/C(s)
- Water: Public Water
- Sewer: Public Sewer
- Fuel Type: Gas-Natural
Exterior Features
- Roof Type: Asphalt Shingle
- Pool: NO
- Exterior Description: Vinyl Siding
Market Watch - Mount Arlington Boro
An overview of available properties in Mount Arlington Boro, reflecting month-over-month change.