$729,000

62 Union St Wharton, NJ 07885

Estimated payment $5,090/month

Total Views 1,984
5 Beds
3.5 Baths
3,043 Sq Ft
$240 Price per Sq Ft

Highlights

  • Corner Lot
  • Porch
  • 1-minute walk to Wharton Memorial Park

About This Home

Well-maintained 3-unit multi-family property offering strong income potential. Key capital improvements already completed. This property features a spacious 3 BR Unit and two 1 BR Units (one larger than the other), providing a versatile rental mix attractive to a broad tenant base. Recent upgrades include a new roof, furnace and hot water heater in each unit, helping to reduce near-term capital expense concerns. The layout allows for solid rental performance with manageable operating oversight for investors. Conveniently located near major roadways, shopping, dining, and everyday services, the property offers practical access to area amenities and commuter routes. Great return now, with potential for upside. An excellent opportunity for investors seeking a stable, income-producing asset with major mechanical updates already addressed. Great opportunity to acquire a rare 3 unit multi in Morris.

Listing Agent

Anthony Piccirillo

COLDWELL BANKER REALTY Brokerage Phone: 732-859-6544 Listed on: 01/29/2026

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,661

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 6 Parking Spaces
  • Shared Driveway
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units
  • Radiant Heating System
  • Standard Electricity

Additional Features

  • Walk-Out Basement
  • Porch

Community Details

  • 3,043 Sq Ft Building
  • Net Operating Income $46,000

Listing and Financial Details

  • Assessor Parcel Number 2339-01705-0000-00013-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,661

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story, Under/Over
  • Year Built: 1900
  • Year Built Description: Approximate
  • County Name: Morris
  • Directions: Main to Union st
  • I D: 5408383
  • Attribution Contact: 732-859-6544
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Bedrooms: 5
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished, Walkout

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Open Porch(es), Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 6
  • Parking Driveway Description: 2 Car Width, Driveway-Shared, Off-Street Parking

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Electric, Gas-Natural
  • Heating: 3 Units, Radiant - Hot Water
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 50X100
  • Easement: Unknown
  • Lot Description: Corner
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.12

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 15661
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2339-01705-0000-00013-0000-
  • Tax Rate Amount: 2.802
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,662 $572,200 $101,500 $470,700
2024 $14,635 $529,300 $96,500 $432,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2026 01/29/26 For Sale $729,000 +102.5% $240 / Sq Ft
04/18/2018 04/18/18 Sold $360,000 -8.9% $118 / Sq Ft View Prior Sale
12/06/2017 12/06/17 Pending -- -- --
10/27/2017 10/27/17 For Sale $395,000 -- $130 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $360,000 Heritage Abstract Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 Commercial
Closed $270,000 Commercial
Source: Public Records

Source: Garden State MLS

MLS Number: 4007249

Garden State MLS

APN: 39-01705-0000-00013

New Jersey Morris County Wharton 07885

62 Union St, Wharton, NJ

For Sale

MultiFamily

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Anthony Piccirillo
Listing Agent
Anthony Piccirillo
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COLDWELL BANKER REALTY
(862) 599-3387