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354 S Main St 5 Unit Apartment Building $1,800,000 ($360,000/Unit) 6.44% Cap Rate Wharton, NJ 07885

Apartment Buildings New Jersey Wharton 354 S Main St, Wharton, NJ 07885

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Investment Highlights

  • New roofs, kitchens, bathrooms and utilities.
  • Convenient location in town, close to major highways (Rt 46,15,80), near mass transit, hospital and shopping.
  • Newly executed 3-year retail lease and stable residential occupancy.

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $1,800,000 Building Class C
Price Per Unit $360,000 Lot Size 0.58 AC
Sale Type Investment Building Size 5,000 SF
Cap Rate 6.44% Average Occupancy 100%
No. Units 5 No. Stories 2
Property Type Multifamily Year Built/Renovated 1900/2025
Property Subtype Apartment Parking Ratio 3/1,000 SF
Apartment Style Low-Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning B-1 Commercial - Business, etc.
Price $1,800,000
Price Per Unit $360,000
Sale Type Investment
Cap Rate 6.44%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.58 AC
Building Size 5,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1900/2025
Parking Ratio 3/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning B-1 Commercial - Business, etc.

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Gas Range
  • Walk-Up
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Source: Local Logic®

Property Taxes

Parcel Number 39-02011-0000-00014 Improvements Assessment $917,200
Land Assessment $307,200 Total Assessment $1,224,400

Property Taxes

Parcel Number
39-02011-0000-00014
Land Assessment
$307,200
Improvements Assessment
$917,200
Total Assessment
$1,224,400
(917) 325-7913

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41701296

  • Date on Market: 8/11/2026

  • Last Updated:

  • Address: 354 S Main St, Wharton, NJ 07885

The Multifamily Property at 354 S Main St, Wharton, NJ 07885 is currently available for Sale. Contact Weichert Realtors for more information.

NEW NEARBY MULTIFAMILY LISTINGS

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354 S Main St

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