18 Sherman Ave, Morris, NJ 07950
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
18 Sherman Ave,Morris Twp., NJ 07950
$1,095,000
- 7 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: juliana pirtea
Office: coldwell banker realty908-879-4900
MLS#:4060667
Source:NJ_GSMLS
Price summary
- Price:$1,095,000
About this home
RARE 3 UNIT INVESTMENT OPPORTUNITY IN MORRIS PLAINS!GREAT INCOME POTENTIAL! A phenomenal opportunity for investors seeking to expand their portfolio with a unique, income-producing property in Morris Plains! Featuring two separate homes on 1 lot, a duplex and a SF/Home,2 garages, low property taxes, long-term tenants already in place, and a prime location within walking distance to direct train service to NYC, this property offers an attractive combination of convenience and investment potential.The main residence features a side-by-side duplex each with 3 bdr, 1.5 baths, and a spacious basement providing abundant storage. A brand-new roof installed in October 2026 adds further appeal. The separate rear cottage was beautifully renovated in 2024 and offers 1 bedroom, 1 bath ,a generously sized living/dining area, and a spacious primary bedroom.Additional highlights include ample off-street parking and private rear patio areas for each residence, providing desirable outdoor space and added tenant appeal.With long-term tenants in place, convenient access to NYC transportation, and the advantage of relatively low property taxes, this distinctive 3 unit property presents an exciting opportunity for investors looking to build long-term wealth through real estate. Explore the income potential, evaluate the numbers, and discover the possibilities this exceptional investment has to offer!Two homes. A compelling opportunity to grow your portfolio in Morris Plains! Not to be missed!...
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Home facts
- Year built:1928
- Subdivision & Development:Morris Plains
- Listing ID #:4060667
- Added:9 day(s) ago
- Updated:October 31, 2026 at 07:06 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Half bathrooms:2
- Rooms Total:15
- Basement Description:Basement, Unfinished
Heating and cooling
- Heating:3 Units
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1928
- Lot area:0.17 Acres
- Lot Features:Level Lot
- Architectural Style:1-One Story, Duplex-Side by Side
- Construction Materials:Vinyl Siding
- Exterior Features:Patio
Schools
- High school:Morristown
- Middle school:Frelghuysn
- Elementary school:Alfredvail
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,095,000
- Tax amount:$9,359 (2025)
Features and amenities
- Amenities:Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Gas-Natural, Smoke Detector, Wood Floors
Parking
- Parking description:1 Car Width, Detached Garage
- Garage spaces:2
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