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5 N Main St, Wharton, NJ, 07885

2beds
1.1baths
1,296sqft
$499,900
$386price/sqft
$3,640/moest. monthly cost
$145,600/yrincome needed

About This Home

Welcome to your prime investment opportunity nestled on Main Street in Wharton, NJ! This versatile property offers the perfect blend of commercial potential and residential comfort. Unit 1 is an open storefront property and Unit 2 is a spacious 2-bedroom apartment with a large eat-in kitchen, its own laundry facilities, a private backyard, and a patio. Also listed as a commercial #

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

5/10
7/10
Morris Hills High SchoolGrades 9-122.9 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Range/Oven - Electric,Refrigerator,Washer
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1.1
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • See Remarks,Bedrooms,Eat-In Kitchen,Living Room

Heating & Cooling

  • Heating features: 1 Unit,Zoned,Oil Tank Above Ground - Outside
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,296
  • Total interior livable area: 1,296 sqft

Property

Details

  • Parcel number: 2339013140000000070000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Open Porch(es)
  • Fencing: Wood

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 100

Parking

  • Parking features: On Street,On-Street Parking
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Heat Wave
Inland Flooding
Lightning

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,527$30,324
Home Insurance *$154$1,848
Property Taxes $766$9,192
Electricity $193$2,318
Total$3,640$43,680
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$124,800/yr
40% on housing$109,200/yr
45% on housing$97,066/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$386This listing

vs Other Active Listings

Avg $/sqft

ZIP 07885$294
Morris County$395

vs Homes Sold Last Month

Median $/sqft

ZIP 07885$326
Morris County$367

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Price change$499,900
2026-03-19Listed for sale$530,000
2024-07-11Listing removed--
2024-04-30Listing removed--
2024-04-11Listed for sale$619,000
2023-12-04Listed for rent$2,500
2023-04-15Listing removed--
2022-12-23Listed for rent$2,500
2022-03-17Sold$339,000
2021-12-22Listed for sale$339,000
2010-12-17Listing removed$224,900
2010-10-24Listed for sale$224,900

For Sale by Agent

AgentCorey Skaggs
BrokerageHoward Hanna Rand Realty

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