For sale

$785,000

Est. $6,067/mo —

•

7,800

sq ft

20 Morris Lake Rd, Sparta, NJ 07871-3616

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.

Multi-familyProperty Type

1910Year Built

1.47 acresLot Size

$101Price/Sq.Ft.

2 garage spacesParking

Listed by MARIA TSABROVA • REWARDS REALTY LLC

Contact: 8622625869

Listing updated: Aug 28, 2026 at 12:03am

Redfin checked: a few seconds ago

•Source:GSMLS #4044809

Payment calculator

$6,067 per month

Principal and interest$4,126

Property taxes

$1,837

HOA dues

Home insurance

$105

Utilities

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This home is unavailable to tour on this day.

Next available date: Sunday, August 30

Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Mohawk Avenue Elementary School

Public 3 • Assigned • 1.6mi

6/10

Sparta Middle School

Public 6-8 • Assigned • 1.3mi

6/10

Sparta High School

Public 9-12 • Assigned • 1.3mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

20 Morris Lake Rd · $785,000

DAYS ON MARKET

The average home goes pending in 58 days.

SALE-TO-LIST

Most homes are selling 4% below list price.

LIST PRICE

Median list price in this area is $399,000. (49% lower than this home)

Property details

Interior
Exterior
Finance

Interior features
Carbon monoxide detector
Fire extinguisher
High ceilings
Smoke detector
Walk-in closet
Has basement (partial, unfinished, crawl space)

Bedrooms
Unit 1: 2 bedrooms
Unit 2: 3 bedrooms
Unit 3: 3 bedrooms

Bathrooms
6 full bathrooms (total)

Kitchen
Unit kitchens included (Unit room descriptions list Kitchen for each unit)

Laundry & utility
Each unit includes a laundry room (listed in unit room descriptions)

Heating & cooling
Multi-zone heat pumps (3 units)
Electric heating
Ductless split air conditioning (3 units)

Sale and tax history for 20 Morris Lake Rd

Sale History
Tax History

Date

Event

Price

GSMLS #4044809

Aug 27, 2026

Price Changed

$785,000

$101/sq ft

Aug 14, 2026

Price Changed

$778,000

$100/sq ft

Aug 3, 2026

Listed

$758,000

$97/sq ft

GSMLS #3874607

Apr 24, 2024

Sold

$360,500

$46/sq ft

Mar 15, 2024

Pending

—

Feb 26, 2024

Price Changed

$379,500

$49/sq ft

Feb 2, 2024

Price Changed

$415,900

$53/sq ft

Jan 18, 2024

Price Changed

$443,500

$57/sq ft

Jan 3, 2024

Price Changed

$489,000

$63/sq ft

Dec 19, 2023

Price Changed

$539,000

$69/sq ft

Dec 4, 2023

Price Changed

$599,300

$77/sq ft

Nov 14, 2023

Listed

$636,000

$82/sq ft

Public Records

Sep 1, 1985

Sold

$125,000

$16/sq ft

Public Records

Jan 1, 1985

Sold

$80,000

$10/sq ft

Public Records

Nov 1, 1984

Sold

$80,000

$10/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$22,041 (+2.2%)

$144,500 + $456,400

$600,900

2024

$21,566 (+3.0%)

$144,500 + $456,400

$600,900

2023

$20,947 (+2.5%)

$144,500 + $456,400

$600,900

2022

$20,443 (+1.6%)

$144,500 + $456,400

$600,900

2021

$20,118 (−1.5%)

$144,500 + $456,400

$600,900

2020

$20,431 (+2.7%)

$144,500 + $456,400

$600,900

2019

$19,902 (+2.2%)

$144,500 + $456,400

$600,900

2018

$19,481 (+1.2%)

$144,500 + $456,400

$600,900

2017

$19,241 (+2.4%)

$144,500 + $456,400

$600,900

2016

$18,790 (+46.9%)

$144,500 + $456,400

$600,900

2014

$12,794 (+2.2%)

$99,700 + $234,700

$334,400

2013

$12,523 (+2.5%)

$99,700 + $234,700

$334,400

2012

$12,219 (+4.0%)

$99,700 + $234,700

$334,400

2011

$11,751 (+7.4%)

$99,700 + $234,700

$334,400

2010

$10,938 (+4.7%)

$99,700 + $234,700

$334,400

2009

$10,447

$99,700 + $234,700

$334,400

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

2.5

Lot width

—

Lot depth

—

Lot size

1.45 Acres

Year renovated

—

Finished Sq. Ft.

8,507

Unfinished Sq. Ft.

—

Total Sq. Ft.

8,507

Year built

1910

Style

Single Family Residential

County

Sussex County

APN

1827001 00040

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 26, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

4/10 Heat Factor

7 days above 94° expected this year, 15 days in 30 years

4/10 Wind Factor

18% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Sparta, NJ • 07871-3616

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

26/ 100

Low sunlight

Sunscore

There appears to be significant shading by surrounding buildings, terrain, and vegetation.

3.2 hrs

1 hr

JuneDecember

Provided by Shadowmap

Redfin Estimate for 20 Morris Lake Rd

$774,760

$10K under list price of $785K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $610K to $910K.

SOLD AUG 7, 2026
36 Waters Edge, Sparta, NJ 07871-3849
$850,000 Last sold price
4 beds2.5 baths— sq ft
36 Waters Edge, Sparta, NJ 07871-3849
larger lot
82 years newer
SOLD MAY 15, 2026
15 Mountain Spring Dr, Sparta, NJ 07871-3545
$901,000 Last sold price
4 beds4.5 baths— sq ft
15 Mountain Spring Dr, Sparta, NJ 07871-3545
larger lot
76 years newer
SOLD AUG 6, 2026
1 Waters Edge, Sparta, NJ 07871-3850
$880,000 Last sold price
4 beds3 baths— sq ft
1 Waters Edge, Sparta, NJ 07871-3850
larger lot
85 years newer
SOLD MAY 4, 2026
$635,000 Last sold price
3 beds2.5 baths— sq ft
14 W Cherry Tree Ln, Sparta, NJ 07871-2246
smaller lot
39 years newer
SOLD JUL 10, 2026
30 Hidden Glen Dr, Sparta, NJ 07871-3800
$910,000 Last sold price
5 beds4.5 baths— sq ft
30 Hidden Glen Dr, Sparta, NJ 07871-3800
85 years newer
SOLD AUG 12, 2026
$610,000 Last sold price
3 beds3 baths— sq ft
1 Lincoln Ave, Ogdensburg, NJ 07439-1011
smaller lot
51 years newer

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