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$467,500
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Property Description
BOM - Buyer Unable to perform! Opportunity awaits with this spacious two-family home offering versatility, income potential, and plenty of space both inside and out. Whether you're looking to owner-occupy while generating rental income or add to your investment portfolio, this property presents an excellent opportunity. The first-floor unit features a bright and inviting living room with a large picture window, a spacious dining area with sliding glass doors leading to an expansive rear deck, and comfortable living space ideal for everyday living and entertaining. The second-floor unit offers a private living area with generously sized rooms, providing flexibility for extra living space or rental income. Additional features include a full basement offering abundant storage, workshop space, and utility access, a long driveway for ample off-street parking, detached garage, storage shed, and a sizable backyard with mature landscaping. The expansive rear deck overlooks the yard and provides the perfect setting for outdoor gatherings. Conveniently located near shopping, restaurants, schools, parks, and major commuter routes, this property offers an outstanding opportunity for homeowners and investors alike. With solid bones, functional layouts, and room to personalize, this two-family home is ready for its next chapter. ***Seller requested best & final offers due by 12pm July 3rd, 2026***
Full Property Details
Full Property Details for 21 Downs Ave
General
- Price: $467,500
- Taxes: $12,853 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4036803
- Updated: 10/20/2026
- Added to Site: 121 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Window Treatments
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Deck
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Morris
- Driving Directions: S Main Street to Cutler St to Downs Ave on Right
Heating & Cooling
- Cooling Type: No Cooling, Window Air Conditioning
- Heating Type: 1 Unit, Baseboard - Hotwater
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, Cable TV Available
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Asphalt Shingles
- Year Built: 1928
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Rec Room, Utility Room
- Square Feet: 1200
- Levels/Stories: 1
- Fireplaces: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, Living Room
- Square Feet: 728
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.12
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: 1 Car Width, Blacktop, Off-Street Parking, On-Street Parking
- Lot Description: Open Lot
Financial Considerations
- Assessment Amount: $370,300
- Land Assmt: $141,500
- Tax Amount: $12,853
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 2008
- Lot Number: 5
Listed by Re/Max Select
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Schools
Schools serving 21 Downs Ave
School Districts:Wharton Borough School District, Morris Hills Regional School District
| Name | Grades | Distance |
|---|---|---|
Marie V. Duffy Elementary School 137 East Central Avenue, Wharton, NJ 07885 | PK-5 | 0.4 mi |
A C Mac Kinnon Middle School 137 East Central Avenue, Wharton, NJ 07885 | 6-8 | 0.4 mi |
Morris Hills High School 520 West Main Street, Rockaway, NJ 07866 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 21 Downs Ave
Date
Details
Price
Change
Source
6/24/2026
Listed
$467,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 21 Downs Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,848
—
$511,800
9%
2024
$12,848
23%
$467,400
8%
2023
$10,409
6%
$434,200
22%
2022
$9,811
3%
$356,000
6%
2021
$9,571
1%
$336,700
5%
2020
$9,435
4%
$321,900
3%
2019
$9,036
2%
$311,500
7%
2018
$8,830
-5%
$292,200
-3%
2019
$9,286
13%
$301,100
12%
2017
$8,209
8%
$268,700
1%
2016
$7,579
—
$266,200
1%
2015
$7,544
2%
$263,500
1%
2013
$7,428
—
$260,800
-1%
2013
$7,428
—
$263,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 21 Downs Ave
21 Downs Ave, Wharton, NJ 07885 (MLS# 4036803) is a Multi-Family property with 2 units containing 3 bedrooms and 3 full bathrooms. 21 Downs Ave is currently listed for $467,500 and was received on June 24, 2026. Want to learn more about 21 Downs Ave? Do you have questions about finding other Multi-Family real estate for sale in Wharton? You can browse all Wharton real estate or contact a Coldwell Banker agent to request more information.

