$785,000

$4,214 est/mo Sourced by Back At You

20 Morris Lake Rd,Sparta Twp., NJ 07871

Sparta Twp., NJ 07871

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Description

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.

Details

MLS #	4044809
Listing Type	For Sale
Sub-Type	Resale
Status	Active
Year	1910
Days On Site	50
Listing Provided By	REWARDS REALTY LLC \| MARIA TSABROVA

Features

Bath(s)	6 Total
Garage	2
Basement	Y
Acreage	1.00

Taxes

Property	22041

Area Information

State	NJ
County	Sussex
City	Sparta Twp.
Zip Code	07871
Area	Sussex
Listing VS Median (in 07871)
Price: $785,000 low \| high Med: $674,450 64.082802547771% of Average On site: 50 low \| high Med: 79.5 62.893081761006% of Average

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Market Activity 07871

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: Aug 2026	Sales: 3	Avg $ Per SqFt: $	Min Sale Price: $705,000	Max Sale Price: $1,195,000	Med Sale Price: $800,000
Date: Jul 2026	Sales: 12	Avg $ Per SqFt: $	Min Sale Price: $205,000	Max Sale Price: $1,650,000	Med Sale Price: $577,000
Date: Jun 2026	Sales: 24	Avg $ Per SqFt: $	Min Sale Price: $179,000	Max Sale Price: $1,300,000	Med Sale Price: $577,500
Date: May 2026	Sales: 31	Avg $ Per SqFt: $	Min Sale Price: $353,500	Max Sale Price: $2,921,000	Med Sale Price: $775,000
Date: Apr 2026	Sales: 20	Avg $ Per SqFt: $	Min Sale Price: $285,000	Max Sale Price: $1,249,000	Med Sale Price: $590,000
Date: Mar 2026	Sales: 21	Avg $ Per SqFt: $	Min Sale Price: $6,500	Max Sale Price: $2,900,000	Med Sale Price: $625,000
Date: Feb 2026	Sales: 14	Avg $ Per SqFt: $	Min Sale Price: $6,000	Max Sale Price: $1,235,000	Med Sale Price: $558,000
Date: Jan 2026	Sales: 14	Avg $ Per SqFt: $	Min Sale Price: $7,000	Max Sale Price: $1,720,000	Med Sale Price: $651,345
Date: Dec 2025	Sales: 9	Avg $ Per SqFt: $	Min Sale Price: $390,000	Max Sale Price: $1,485,000	Med Sale Price: $515,000
Date: Nov 2025	Sales: 13	Avg $ Per SqFt: $	Min Sale Price: $140,000	Max Sale Price: $1,500,000	Med Sale Price: $370,000
Date: Oct 2025	Sales: 12	Avg $ Per SqFt: $	Min Sale Price: $110,000	Max Sale Price: $3,450,000	Med Sale Price: $487,500
Date: Sep 2025	Sales: 5	Avg $ Per SqFt: $	Min Sale Price: $400,000	Max Sale Price: $535,000	Med Sale Price: $420,000

Sourced by Back At You

Aug 2026
Sales:	3
Avg $ Per SqFt:	$
Min Sale Price:	$705,000
Max Sale Price:	$1,195,000
Med Sale Price:	$800,000
Jul 2026
Sales:	12
Avg $ Per SqFt:	$
Min Sale Price:	$205,000
Max Sale Price:	$1,650,000
Med Sale Price:	$577,000
Jun 2026
Sales:	24
Avg $ Per SqFt:	$
Min Sale Price:	$179,000
Max Sale Price:	$1,300,000
Med Sale Price:	$577,500
May 2026
Sales:	31
Avg $ Per SqFt:	$
Min Sale Price:	$353,500
Max Sale Price:	$2,921,000
Med Sale Price:	$775,000
Apr 2026
Sales:	20
Avg $ Per SqFt:	$
Min Sale Price:	$285,000
Max Sale Price:	$1,249,000
Med Sale Price:	$590,000
Mar 2026
Sales:	21
Avg $ Per SqFt:	$
Min Sale Price:	$6,500
Max Sale Price:	$2,900,000
Med Sale Price:	$625,000
Feb 2026
Sales:	14
Avg $ Per SqFt:	$
Min Sale Price:	$6,000
Max Sale Price:	$1,235,000
Med Sale Price:	$558,000
Jan 2026
Sales:	14
Avg $ Per SqFt:	$
Min Sale Price:	$7,000
Max Sale Price:	$1,720,000
Med Sale Price:	$651,345
Dec 2025
Sales:	9
Avg $ Per SqFt:	$
Min Sale Price:	$390,000
Max Sale Price:	$1,485,000
Med Sale Price:	$515,000
Nov 2025
Sales:	13
Avg $ Per SqFt:	$
Min Sale Price:	$140,000
Max Sale Price:	$1,500,000
Med Sale Price:	$370,000
Oct 2025
Sales:	12
Avg $ Per SqFt:	$
Min Sale Price:	$110,000
Max Sale Price:	$3,450,000
Med Sale Price:	$487,500
Sep 2025
Sales:	5
Avg $ Per SqFt:	$
Min Sale Price:	$400,000
Max Sale Price:	$535,000
Med Sale Price:	$420,000

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Contact

Learn More About This Property

Gregory Kyroglou

Modern Spaces New York

(917) 916-6776 greg@modernspaces.com

State	NJ
County	Sussex
City	Sparta Twp.
Zip Code	07871
Area	Sussex
Listing VS Median (in 07871)
Price: $785,000 low \| high Med: $674,450 64.082802547771% of Average On site: 50 low \| high Med: 79.5 62.893081761006% of Average

Sourced by Back At You

Nearby Listings (Within 1/4 mile)

Price: $588K - $981K

sqft: 0 - 0

Nearby Listings Property Image	Nearby Listings Details
	$275,000 205 Glen Rd Sparta Twp., NJ 07871

Listing Updated: September 4, 2026 at 7:36:18 AM PDT

20 Morris Lake Rd,Sparta Twp., NJ 07871

Sparta Twp., NJ 07871

Description

Details

Features

Taxes

Area Information

Market Activity 07871

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Modern Spaces New York

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$275,000

Gregory Kyroglou - Modern Spaces New York

20 Morris Lake Rd,Sparta Twp., NJ 07871

Sparta Twp., NJ 07871

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Description

Details

Features

Taxes

Area Information

Market Activity 07871

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Contact

Learn More About This Property

Gregory Kyroglou

Modern Spaces New York

Contact

Additional Information

Submit Form

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$275,000

Gregory Kyroglou - Modern Spaces New York